Mad Money

Cramer Remix: This is the stock you must watch

Cramer: This is the stock you must watch
Cramer: This is the stock you must watch

In light of last month's hawkish Fed minutes released on Wednesday, Jim Cramer reminded investors to keep an eye on stocks that will still work in a rising interest rate environment.

One group that tends to outperform when the Fed tightens are turbocharged growth stocks, like reported after the close on Wednesday and delivered a 2-cent earnings beat from a 19-cent basis and higher than expected revenue; management even raised its full-year guidance.

To find out how it managed to pull off yet another stellar quarter, Cramer spoke with's founder, chairman and CEO, Marc Benioff.

"It wasn't that long ago that I was sitting here with you and we were talking about our first $1 billion year. Now, I am so excited to announce that next year we will do more than $8 billion, and we are still the fastest growing enterprise software company ever," Benioff said.

Go Pro and Fit Bit
David Becker | Justin Sullivan | Getty Images

The averages bounced back on Wednesday, further proving to Cramer that stocks can't stay in the doghouse very long before they break out.

"Today is the day when many stocks that had been languishing or puttering or just plain going down finally awoke from their slumber and regained their gusto as part of a broader move higher," the "Mad Money" host said.

One of those stocks was Apple, which took a hit when Credit Suisse recently reported a brutal forecast reduction based on weak supply chain orders by its team in Asia. At the time, Cramer rolled his eyes on the report, assuming it was yet another research firm attempting to discern weakness in Apple's product sales by measuring components.

Cramer has seen this happen countless times during Apple's historic run from generational lows in March 2009. For every new product, cellphone change or freshening, Cramer has heard a story of supply-chain weakness from "Asian teams."

"For the record, I like hearing from Tim Cook's Asia team a lot more than the Asia team of UBS or Credit Suisse or whatever other firm might convince you to trade Apple and not own it," Cramer said.

In fact, Cramer thinks Apple is so darned cheap that it trades more like some metal-bending auto parts company. Selling at just 10 times earnings, that is a significant discount to the average stock on the .

Read More Cramer: Apple trades more like an auto parts stock

Ever since Fitbit, the wearable fitness device maker, went public in June, it has constantly been compared to GoPro, the wearable camera maker. And while Cramer totally understands the comparison, he says to not dismiss Fitbit as just another GoPro.

However, the similarities between the two companies are undeniable. Both make sleek hardware technology products in rapidly growing market, look to differentiate themselves with their software and have young, dynamic CEOs.

Both stocks rallied quickly after their IPOs, only to become controversial shortly afterward.

In Cramer's perspective, the reasons why the two companies had early lockup expirations were very different. Therefore, the stocks should be treated differently.

Read More Cramer: Don't dismiss Fitbit as the next GoPro

The US flag flies near the U.S. Air Force's B-2 Spirit Stealth bomber 'Spirit of Georgia' at the Northrop Grumman Corp. facility at U.S. Air Force Plant 42 in Palmdale on July 17, 2014
Al Seib | Los Angeles Times | Getty Images

U.S. President Barack Obama asserted that the Chinese should pull back from military activity in some of the disputed regions of the Pacific on Wednesday. But Cramer wants to know — how the heck can the president back that statement up?

Right now, it appears to Cramer that the Middle East is an all-hands-on-deck situation. Supplies may be limited, considering that the U.S. is still hanging around Afghanistan and continues to remain vigilant against Russia after its incursion into Ukraine.

"I'm not trying to be a warmonger or a fear-monger or a profiteer, but I have to wonder, do we even have enough aircraft carriers to do all of those things? Do we have enough planes? Do we have enough missiles? Do we have enough soldiers in the right places?" the "Mad Money" host asked.

Cramer believes that defense stocks like Northrop Grumman, Raytheon, General Dynamics, Harris, Lockheed Martin and Huntington Ingalls will all rally into most of the presidential debates.

Read More Cramer's message to Obama: This could be like 1980

On Tuesday, railroad company Norfolk Southern was approached by Canadian Pacific with a $95 per share takeover offer. Given that the stock was trading above $117 at one point this year, Cramer decided to research further to decide if the company should take the money and run.

"Right now, it sure sounds like Norfolk Southern wants nothing to do with this offer, or at the very least, the company wants something much higher if it is going to sell out to Canadian Pacific at all. I can't blame them," Cramer said.

Right now the railroads are caught in the grip of a massive decline in coal, a major cargo for the rail business. However, all of the utilities that can switch from one fuel to the other have mostly done so.

So, it is pretty easy for Cramer to see why Norfolk Southern is saying that coal's decline is bottoming out, which means the stock reflects too much negativity and not enough of the positives that come from its robust intermodal traffic.

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

Semgroup: "No, I want to sell it ... I'm not going to play Semgroup because I would rather do EPD. That would be better."

Manitowoc Company Inc: "While I do believe that those two don't belong under the same roof — that's the foodservice equipment and the cranes — that crane business is in a Chinese related cyclical decline, but people don't think China is going to pull out of that tailspin."

Read MoreLightning Round: It absolutely has bottomed