One high quality company that is on Cramer's radar is Snap-On. The company announced earnings on Thursday and beat Wall Street expectations, prompting the stock to jump more than 2 percent in a single session.
Snap-On makes premium tools and diagnostic equipment for auto repair shops and clients in aerospace, agriculture, construction, mining and power generation. The stock has been raising steadily, albeit quiety, and has more than doubled in the last five years.
To find out more about what was behind its stellar growth, Cramer spoke with Snap-On Chairman and CEO Nick Pinchuk.
He explained that the secret to its earning success was tied to more complicated cars hitting the market. Not more car dealers or more technicians — it was the drive of different changes in vehicles.
"Every time a car changes, we have new things to bring out. And that's what organic growth is. If you're talking about 7.3 percent in growth, you're talking about bits and bytes and tool and aligners and lifts that we sell more year over year, and that's what happened this time," Pinchuk said.
Read MoreWith more complicated cars, Snap-On reaps benefits
Another group taken to the woodshed this summer was the utilities, when investors expected the Federal Reserve to raise rates, which would make high-yielding stocks less attractive than bonds. However when the Fed decided to hold off on raising rates last month, the utilities came roaring back.
"Given the fickle nature of this market, I have to wonder if the utilities can sustain this recent move," Cramer said.
American Electric Power is a company that owns the largest power transmission network in the country, along with a huge power generation portfolio that serves approximately 5 million customers in 11 states. Its stock has been on a roller coaster ride in the past few months but stayed relatively flat after reporting on Thursday.
To learn more, Cramer spoke with American Electric Power Chairman and CEO Nick Akins.
"Our Eastern footprint, which is the Columbus area in the adjacent states, have grown actually more than the Western properties in the South Central part of the U.S., for the first time in a long time," Akins said.
In the Lightning Round, Cramer gave his take on a few caller-favorite stocks:
McKessen Corp: "McKesson right now is caught up in this incredible rolling bear market of health care. I think you've got to wait a couple of days, let things sort out. This stock is going lower, not higher. They want the industrials, and they want the techs right now."
Waste Management: "Not one, but two upgrades in the last two days. We believe in Mr. Steiner [CEO]. The stock's still cheap; I think it could go to $60."
Read MoreLightning Round: Stay away! It's in a rolling bear market