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Cramer Remix: Even president Obama can't help this

With the averages closing in the red yet again on Monday, Jim Cramer reminded investors that there are always two sides to every coin.

"We always remember the first side, but we tend to forget the latter at the drop of a hat, which is a big reason why we got slammed today," the "Mad Money" host said.

The first topic that weighed on the averages on Monday was oil, as it threatened to take out the $43 level where it has bottomed several times before. But this time the decline feels pretty nasty to Cramer as the big dogs like Exxon, Chevron and Royal Dutch reiterated negative chatter when they reported last week.

Not only that, but Iran came out over the weekend and said that the moment the sanctions were lifted they will immediately increase output by 500,000 barrels and another 1 million in a month.

Basically, oil and oil stocks are both headed down. But should investors freak out about that?

Not necessarily, as most companies benefit from cheaper oil. The airlines, restaurants and retailers are all bouncing back just like they did last time.

"There is no doubt in my mind that lower gasoline is a major victory for consumers who are hungry for good news. So what's negative for 10 percent of the S&P 500 is, I think, a major positive for about 30 percent of the S&P," Cramer said.

However, there was one stock that no one seemed to be able to help. That was Sun Edison, which was down almost 4 percent on Monday. Cramer commented that even President Obama wouldn't be able to help this one.

Read MoreCramer: Oil, China & Greece are great for the bulls

FreshPet pet food.
Source: FreshPet | Facebook
FreshPet pet food.

Now that we have entered August and the bulk of Hollywood's summer blockbuster season has passed, Cramer thought this would be the perfect time to check in with IMAX Corporation.

IMAX is the company behind the ultra-big-screen format where many people love to see the loudest and most explosive movies. IMAX screens are now located in more than 950 theaters across 65 different countries, and more than 400 theaters are on a waiting list to install an IMAX screen.

However, IMAX hit a wall a month and a half ago, and Cramer wondered if this was in part due to the new weakness in China, as it seems to be a growing portion of its business. Currently, IMAX has 239 theaters in China, and company plans to take its IMAX China business public on the Hong Kong stock exchange.

So, should investors be concerned about the company's Chinese exposure, or is the stock just trading at a bargain here? To find out, Cramer spoke with IMAX CEO Rich Gelfond.

"I think people are distracted. I think China is an opportunity much more so than it is a risk," Gelfond said.

Read MoreIMAX CEO to Cramer: China is opportunity, not risk

Amid the choppy market, Cramer is always looking for powerful, long-term themes that can overshadow whatever is going wrong overseas or fears of the Fed. So that is why he has been pushing the organic and natural food stocks, because as the country has become more health conscious, they are also concerned about what is in their food.

Based on this trend, Cramer believes that the same people who will only eat natural and organic food themselves will make sure that their pets do the same. So with both FreshPet and Blue Buffalo coming public in the last 12 months, Cramer took a closer look to see how they stack up against each other.

"I wouldn't buy Blue Buffalo or FreshPet at these levels. As standalone companies, the value proposition just isn't that attractive," Cramer said.

However the "Mad Money" host believes that if the two companies merged, they could create a natural pet food colossus that would be quite intriguing to investors. And if that happened, he would be a buyer.

Mad Money
Adam Jeffery | CNBC

Monday marked the eighth anniversary of Cramer's infamous rant about how the Fed knew nothing about the subprime market and how that lack of knowledge would cause systematic risk to the financial system. Looking back at his 2007 rant, the "Mad Money" host wonders if things have really changed.

"Sometimes, it is just about being in the game long enough to know people in high places," Cramer said. (Tweet This)

Cramer passionately felt that the market was going to stop functioning and investors couldn't afford not to interfere. And sure enough, that is exactly what happened.

"Now, I give the Fed credit that it changed dramatically and helped save the financial system. I have nothing but respect for Ben Bernanke and for current Fed Chief Janet Yellen, and they, empirically, have shown great judgment keeping rates low," Cramer added.

So this begs the question—how did Cramer know it was about to happen and how did the Fed not?

After a lot of reflection, Cramer found the reason in his background. Unlike many people of the Fed, Cramer actually comes from the industry. So, while the Fed has a lot of people with strong backgrounds and academic skills, the epicenter of the problem was the banking industry and that is where Cramer came from.

"Because the top people who were running these firms were of my vintage. They grew up with me, graduated with me, or traded with me at my hedge fund. They worked alongside me or competed against me," Cramer said.

Read More Cramer: 2007 Fed rant—has anything really changed?

One stock that actually managed to go higher on Monday was Brixmor Property Group, the largest grocery-store anchored REIT in the U.S. that sports a 3.65 percent yield. It owns more than 520 shopping centers, and more than 70 percent of those are anchored by a high quality supermarket.

Over the years, Brixmor has proven that it is successful at its business model. It first buys a shopping center, and then brings in a high quality grocery store as a tenant in order to attract better retailers to the same site.

So ,can Brixmor work its way even higher in this environment? To find out, Cramer spoke with Brixmor CEO Michael Carroll.

He emphasized that the primary focus of the company is an organic growth story backed by below-market leases.

"This quarter was a perfect example. If you look, new lease spreads were over 50 percent for the quarter. I liken it to rent controlled apartments in New York City, when they finally free up, and we bring it to market. That is a great opportunity for us and really helps us drive revenue," Carroll said.

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

CenturyLink Inc: "No growth, and I'm not going to be able to push anything that has no growth even if it has good yield. That's why I like Brixmor."

Marriott International: "Marriott is way oversold. I think it's actually a buy right here, particularly with gasoline coming down."

Read MoreLightning Round: This stock is way oversold