Mad Money

Cramer Remix: This US stock is a winner

Cramer: This US stock is a winner

If there is one lesson that Jim Cramer has learned about the market, it is to never forget what brought it down and certainly don't forget what brought it back up. Most of the time unfortunately, investors forget these elements and let emotions control their actions on the tape.

However, the "Mad Money" host prefers to be clinical about things and remove emotions from the equation altogether. For instance, before Wednesday, oil stocks have been declining for ages, and the oil complex has been regarded as one of the most dangerous groups out there.

Cramer reviewed the oil charts with technician Bob Lang on Tuesday and actually found that the charts showed some of the major oil patch players were ready to bounce back. And despite the outrage from many investors that Cramer received, Wednesday marked one of the biggest oil stock rallies in ages.

"You know I haven't liked the set-up for ages, and that skepticism has been warranted as the Dow had been down nine out of the last 10 days. But, like the oils, this kind of selling can get overdone," Cramer said. (Tweet This)

So, while it was a horrendous morning for the bulls on Wednesday, Cramer remained calm because he recognized that the right ingredients were in place for the market to rally. After all, the data indicators that he looked at were flashing green lights while the rest were flashing profoundly red.

There are three elements that Cramer has been focusing on in the past few weeks: the superfreakin' strong dollar, oil and China.

However, the plummeting of all the other commodities meant that long-term interest rates in the U.S. went down. That means that bond market equivalent stocks would go higher, and sure enough stocks like General Mills and even Procter & Gamble moved higher. Cramer even recommended Wal-Mart as a winner for the U.S. stock market, amid the turmoil in China.

Read More Cramer: This rally could last...if China shuts up!

A shopper walking with a Macy's shopping bag in New York.
Scott Mlyn | CNBC

Macy's is known for having everything that a shopper could possibly need. And while that might be true, Cramer wondered if maybe it has too much of everything and nothing we need.

"I see a microcosm of pretty much everything I don't like about traditional bricks-and-mortar retail, even as I think the stock's dirt cheap and trying to stabilize," the "Mad Money" host said. (Tweet This)

Macy's reported its second-quarter earnings on Wednesday, and the stock plummeted more than 5 percent in a single session as an aftershock to its major miss from analyst expectations.

While Cramer knows that Macy's will see its way through these problems, it does prompt him to question whether the bricks-and-mortar retailers are fit for investing. Even for a renewed-activism trade like Macy's.

"The challenges of the modern day, full-price retailer are so stiff that you have to wonder whether it's even worth it, given that there are so many better places to invest your money," Cramer said. (Tweet This)

Read More Cramer on Macy's: Is retail even worth it anymore?

The next time that there is a massive selloff that crushes the averages, like the one on Wednesday morning; Cramer wants investors to look for opportunities. Often the market panic will give investors a chance to buy high-quality stocks at a discount, like Novavax.

Novavax is a vaccine developer that targets various diseases, such as Ebola. On Tuesday, the stock skyrocketed 24 percent higher after the company reported a solid quarter and announced positive data from a Phase 2 trial for RSV, a respiratory virus.

Can Novavax compete with the big biotech companies out there? To find out, Cramer spoke with Novavax CEO Stanley Erck.

"We disrupt. We have novel ways... nontraditional ways of making the vaccines. So, we have done that, and we've now done it a couple of different times. It's what you do with little companies like ours," Erck said.

An Apple store in Bangkok, Thailand.
Brent Lewin | Bloomberg | Getty Images

Networking giant Cisco Systems reported its first quarter with CEO Chuck Robbins at the helm, since the retirement of longtime CEO John Chambers. And while the stock has been stalled recently, Cramer thinks that the company is moving in the right direction.

Cisco reported a 3-cent earnings beat from a 56-cent basis, with higher-than-expected revenues and strong guidance for the next quarter. The company continues to move into high-growth areas such as cybersecurity and the Internet of things, while removing itself from low-margin businesses such as their set-top-box division, which it sold for about $600 million in July.

To find out what could be in the pipeline for Cisco, Cramer spoke with Robbins.

The new CEO stated that he sees a strong future ahead in the area of cybersecurity, an area that Cramer considers to be the fastest growing group of any business on Earth. The CEO considers cybersecurity to be a top priority in the face of a world that is connecting everything.

"We think that security is a tremendous play for us, and we will use all of our leverage for innovation to actually build out that architecture," Robbins said.

Read More Cisco CEO: Cybersecurity acquisitions are coming

Last week, Cramer said that while he likes the concept of natural pet food as an interesting play on the health-conscious consumer, the stocks seemed too expensive.

But now he wonders if Freshpet, which makes refrigerated food for cats and dogs, has finally bottomed. After it peaked at $25 in April, it was slammed down to $14 on Wednesday.

The company reported its quarterly results on Tuesday, and investors took the stock to the woodshed on the assumption that it was disappointing. Clearly, the initial reaction was way too negative, as the stock mounted a magnificent reversal since then.

Will the bears finally back off, and let Freshpet soar? To find out more, Cramer spoke with CEO Richard Thompson. The CEO assured Cramer that the company would become profitable, because it is a growth company.

"We are disrupting a $25 billion category with innovation. And with that innovation we are taking big market share, from our standpoint, in this big category with fresh, all natural food with no preservatives," Thompson said.

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

Timken Co: "Tough to own that group.Just tough to own right now. The industrials, like that company, are not the place to be. I wish I could be contrarian, but I will go only for Newcor."

Taser International: "The stock really ran up, I think it's a terrific long-term situation. I am not going against Taser, I'm going with Taser."

Read MoreLightning Round: A terrific long-term play