After the action that took place with ConAgra this week, Cramer wants to know what the heck just happened to its stock. On Tuesday, it reported a huge earnings beat, yet its stock was immediately slammed—down 7 percent in a single session.
In fact, Cramer now considers ConAgra to be the most schizophrenic stock out there. First, it plummeted on a positive but confusing quarter. Then, after the selloff many analysts defended it, it's back up to where it was before it reported.
"So, here is the big question: was it right for ConAgra to get crushed, or did the company actually give us some really good results that make the stock seem darned attractive at these levels?" the "Mad Money" host asked.
Cramer thinks the stock is still a buy, and dug deeper to find out what happened so investors could understand.
"I think that if ConAgra had reported on a good day…instead of right in the middle of a hideous marketwide decline, then the initial reaction to its quarter would have been a lot less negative," Cramer said.
Read MoreCramer: This very erratic stock is now a buy
Another stock that has been obliterated in the past few months is XPO Logistics, the transportation and logistics roll-up that was down 8 percent on Friday.
When Cramer last checked in with XPO on May 5, the company seemed to be sitting on top of the world after announcing a $3.52 billion acquisition of Norbert Dentressangle. However, since then the transportation sector has taken a hit and more importantly, the market appears to have turned on XPOs roll-up business model.
Has the story changed for this company, or could this be a good entry point for the stock? To learn more, Cramer spoke with XPO's Chairman and CEO Bradley Jacobs.
"I can't predict what the stock market is doing. It's a risk on environment, a risk off environment. Our jobs is just to do deals that we believe in that we feel strongly about and in the long-term the stock will follow," Jacobs said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Blackstone Group: "A lot of people worry about Blackstone because the stock has acted poorly. I come back and say wait a second, the yield is fine and I want to be a buyer not a seller."
KKR & Co LP: "People feel that there is not a lot of room to be able to exit certain stocks and they want to come public. There is also a sense that they need high yield debt and the high yield market is closing. I have conviction that this stock over the long-term has been a winner and I'm not backing away."
Read MoreLightning Round: It's a winner & I'm not backing away