Mad Money

Cramer Remix: Banks rallying—here's my favorite

Banks are rallying. Here's Cramer's favorite
VIDEO1:2701:27
Banks are rallying. Here's Cramer's favorite

These days Jim Cramer sees that companies can be divided into two groups. Those who are actually doing something to help shareholders and imposters who think they are doing to something to help—but really aren't. Especially a CEO like John Stumpf of Wells Fargo, a stock that Cramer considers to be the best financial in the world.

"In a trendless market with the bias to the downside like we have now, if managements adopt a laissez-faire attitude to their companies' stock prices, they often don't go anywhere at best, and then get swept away with the tide at worst and end up lower. Sometimes dramatically so," the "Mad Money" host said.

First, there is CEO Mary Barra at General Motors. And while Cramer thinks that Barra believes she is doing everything she can to create value for shareholders, he doesn't agree. That so-called huge buyback hasn't done anything.

Then the idea of a possible combination with Fiat Chrysler came along, a company that is all about creating shareholder value, and she told them GM has scale and they don't need a merger.

"I say what the heck? Fiat Chrysler ought to go buy GM! I know, facetious, but Marchionne seems uniquely driven to get his stock higher while Barra seems awfully satisfied with her poorly performing stock. I think she should be considering anything that's logical, including this merger approach," the "Mad Money" host added. (Tweet This)

Thus, the path to do what is right for investors is both easy and accessible. If money isn't flowing into a stock, that is a red flag that it will flow toward a management team who gets it.

"It's not rocket science, it's just common sense. But that sure seems to elude the obtuse or smug CEOs who think they are given her all she's got when in reality they aren't doing squat," Cramer said.

Read More Cramer: CEOs that aren't doing squat for you

Bill Cobb, CEO of H&R Block.
Adam Jeffery | CNBC

While some companies flounder between taking care of shareholders, Cramer knows the only sure things left in the world are death and taxes. And while he has no interest in profiting from death, taxes can actually be a lucrative business.

Just take a look at H&R Block, the nation's largest tax preparation firm, with a stock that rallied 2.2 percent on Tuesday after it reported better-than-expected numbers. Cramer has liked H&R block for a long time, partially because it has been trying to sell its banking business.

Its banking unit is a small division that punishes a whole company by subjecting it to government rules on how much money can be returned to shareholders via dividend and buybacks. And while the sale has been delayed many times, once it does happen, the upside to shareholders could be enormous.

Will the ball finally get rolling on the sale of its banking business? To find out, Cramer spoke with H&R Block CEO Bill Cobb.

"We are anxious to get this moving forward, and like I said, I do believe on its merits that this transaction will be approved," Cobb said.

One thing that absolutely drives Cramer insane these days is the radical inconsistency of retail stocks. This group has become such a crapshoot, it is enough to make him question investing in it at all.

For instance, Burlington Stores used to be one of the most dependable stories out there. It used to be called Burlington Coat Factory, until private equity turned it around and it became more consistent. Yet, despite the work that's been done, it still bombed last quarter, reporting a dramatic deceleration of same-store sales, down to 0.8 percent from 2.7 percent. Wowzer! What a burnout.

Or how about Five Below, which, according to the charts, historically rallies into the quarter only to crash back down when it reports shockingly bad numbers.

"I don't have enough fingers to count how many times this retailer has caused consternation, if not tears," the "Mad Money" host said.

But then last week it pulled through with an amazing quarter, which Cramer considered to be amazing considering how many investors had given up on it.

Investors should look elsewhere, Cramer said, since retail is a crapshoot. At this point, unless there is a special situation—like the amazing turnaround happening with Target, or the long-term growth story happening with drugstores—he would totally bless investors' jump out of the group.

Retail has gotten too hard to profit from, and it's just not worth it anymore, he said.

Read More Cramer: Get out of this group, now

In a crazy market where one day is drastically different from the next, Cramer has some real worries. The inconsistency has driven him to take a look at the charts and see what they have in store for the future. And while they are not always right, at least they are not emotional.

Cramer turned to the help of Carolyn Boroden, a technician who runs FibonacciQueen.com and is a colleague of Cramer's at RealMoney.com, to find out what could be in store for the and very important Dow Jones transportation index.

She also saw a floor of support for the S&P ranging from 2,075 to 2,079, which is just a few points below where the S&P traded on Tuesday. As long as the S&P holds above 2,067 then Boroden thinks we can bounce. But if that crucial level is taken out, she thinks we could be in for another leg down before the correction unfolds.

"In short, right now the S&P 500 is caught in no-man's land between 2,067 and 2,134. If we break above the high-end of the range, Boroden thinks we can breathe a sigh of relief. If we break down below the low-end, she thinks we'll need to get a lot more cautious," the "Mad Money" host said.

Read More Cramer: Get ready—S&P approaching key levels

Cramer knows that long-term investing often means understanding the powerful big picture themes that drive powerful rallies. With that in mind, sometimes it means going off the tape to highlight a privately held company that is on the cutting edge of a trend.

Big data is one of those trends, as it centers on the business of managing and analyzing large quantities of digital information. Talend is a privately held company with a big data infrastructure that is rapidly taking market share from competitors such as IBM and Oracle.

Talend is all about dissolving the barriers that prevent companies from being data driven. Its software is open sourced for data integration, data management and big data solutions. It provides simple graphical tools to allow clients to take advantage of some of the fastest and most advanced data platforms out there, without the headache.

To find out more on where this company could be headed, Cramer spoke with Talend's CEO Mike Tuchen.

"If you're trying to get your data into one of these new platforms…we can do it a lot faster, we can scale infinitely and of course it's dramatically cheaper," Tuchen said.

In the Lightning Round, Cramer gave his take on a few caller favorite stocks:

Wells Fargo: "Wells Fargo, at the end of the day one of the biggest, if not the biggest, position I have in my charitable trust. It is the best financial in the world, and that's why we own it. John Stumpf, good job as CEO."

Innospec: "I think it's a really good company...You've got a winner. I have to talk more about that one."

Read More Lightning Round: It is too low to sell now