Mad Money

Cramer Remix: Best industrial stock of 2015

This stock is the best – buy it!

Jim Cramer considered the rally this week something to behold. It's as if everything that the bulls had been afraid of simply disappeared. Worries over commodities, China and Brazil all melted away, leaving investors free to buy. This especially applies to the best industrial stock of 2015, General Electric.

Could this be too good to be true?

"Let's just say there are issues in next week's game plan that are nettlesome enough," the "Mad Money" host said. (Tweet this)

So with this in mind, Cramer dove into his game plan of stocks and events to watch for the week.

Monday: A government shutdown?
With the demise of Republican leadership in Congress comes the possibility of another government shutdown — perhaps as soon as the second week of November.

However, Cramer thinks on Monday investors could start to hear about the possibility of a shutdown, and that will be negative for stocks. As soon as that chatter begins, the worry about disruption in Washington will spill to Wall Street. While Cramer does not want this to occur, he wants investors aware of the possibility and ready to play it.

"Here is the drill that has worked in the past: you sell, lighten up on stocks and raise cash when you first hear that a shutdown is coming, and then on the second day of the actual shutdown you start buying," Cramer said.

Friday: General Electric, Honeywell
General Electric: As the best performing industrial of 2015, Cramer is willing to give this one a buy going into the quarter and coming out of it. Both GE and Honeywell have been part of a big turnaround in industrial stocks, and Cramer does not think it is over yet.

"Even if GE doesn't come in, you should own a small position in it. If it does pullback…I'd buy some GE. And then get ready to buy more if people feel it has run too much. It hasn't," Cramer said.

Read More Cramer game plan: Washington could prompt pullback

The recent rally of commodities has been absolutely breathtaking to Cramer. But he does worry that it could be too good to be true.

"You have to go back to 2008 to see a commodity rally like this one," the "Mad Money" host said. (Tweet this)

As a simple review, commodities rally for two reasons: short supply, or excess demand. It is possible to have one, or both. Either of these options can send the price of the commodity, and companies that exploit them, higher.

Alcoa's shortfall on Thursday evening was an indicator to Cramer about a company that closes all of its aluminum plants. If you don't have demand, it will be a short-lived rally.

"I'm a believer in Alcoa and I think it's a terrific long-term buy pending the breakup into two companies…but the rest of these stocks? They can only run so far without a turn in demand," Cramer said. (Tweet this)

In order for this commodity rally to continue, Cramer thinks there must be a pickup in demand. Otherwise, investors will need to ring the register on most of these stocks. The companies will disappoint, unless China comes back and Europe gets stronger.

Read More Cramer: Will the commodity rally run out of gas?

With the market shrouded in panic over past few months, Cramer has seen investors ignore many of the recent initial public offerings (IPOs) to hit the tape.

However after spending so long terrified the smoke has finally cleared. Now, Cramer has decided to revisit a few of the IPOs that may have been overlooked.

Pure Storage is a high growth, disruptive technology company that came public on Wednesday. It makes advanced flash memory based data storage arrays that are optimized by some of the most efficient software in the business.

However, Cramer took a long-term perspective on the stock and thinks this weakness could be a nice buying opportunity — as long as investors are careful to use limit orders, and build their position gradually. That means to only buy more when the stock goes lower.

Why does Cramer love this stock? Because while most of Wall Street is ignoring incredible tech growth stocks, soon or later this group will come back in style.

"Once investors care about owning companies with breathtaking growth rates again, I could see this stock rallying like crazy," Cramer said.(Tweet this)

Read More Cramer: The recent IPO could rally like crazy

They can only run so far without a turn in demand
Jim Cramer
Wowstockfootage | Getty Images

Another trend that Cramer has seen in the IPO space, are previously public companies that were taken private in leveraged buyouts and came public again. Two deals that this occurred with are Albertsons and First Data.

Starting with the Cerberus-backed IPO of Albertsons, Cramer considers this to be a household name. It is among the largest food and drug retailers in the country, with 2,205 locations across 33 states. The stores are No. 1 or No. 2 market share in 68 percent of the markets where they operate, under the name of Safeway, Albertsons, Shaw's, Acme or Tom Thumb among others.

However, just because a lot of people are familiar with Albertsons, doesn't mean the stock is worth buying—or at least not at the price where it is expected to come public.

"This new, expanded Albertsons has a number of things going for it, but not enough to make me recommend that you try to get a piece of the IPO," Cramer said.

Ultimately, Cramer thinks the price range is too high for this company for him to be excited about, especially considering the amount of debt it has. But on a pullback down to $20, he's willing to bless it.

The next IPO on Cramer's list was First Data Corp, the Atlanta based payments processing conglomerate that is expected to hit the tape next week. It is likely to be the largest IPO of 2015, at least so far.

This is one company that is right at the heart of the global migration from paper currency to plastic credit cards. First Data serves 6 million merchants and over 4,000 financial institutions across 118 countries with a wide array of services pertaining to point of sale terminals and STAR interbank network.

In fact, First Data handles 45 percent of all credit and debit transactions in the United States. But just because the company is involved with all things payments, doesn't mean the stock should be in all portfolios.

"First Data is an important company, but it's not necessarily the kind of company you want to own shares in," Cramer said.

Cramer was concerned about the fact that it is not profitable, and has very slow growth. So in the end, Cramer would rather play the payment space with PayPal, Verifone, Visa or Mastercard.

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

AT&T: "I like AT&T, I like the merger with DirectTV. I think it's a buy and I also like the yield."

Golar LNG Limited: "I am recommending ETP. It is the one in that space, I'm not going to recommend a whole bunch of them. I also like the Cheniere master limited partnership that Charif Souki [CEO] has too."

Read More Lightning Round: It's undervalued, room to grow