With the Federal Reserve finally making the decision to tighten, Jim Cramer has been focused on stocks that that the market will still love in a tougher environment.
The best way to avoid any blow to the market is to diversify holdings. A portfolio that consists of different kinds of investments should typically yield higher returns, and have lower risk than those that have the same types of investments.
So in order to ensure that the players at home understand the importance of diversification, Cramer played a game called "Am I Diversified?" with callers on the show who provide their top five holdings and Cramer provides his feedback.
One pattern that Cramer noticed with all of the portfolios was the prevalence of Apple. It seemed that the stock has now become a core position for many investors, and was a position in all of the callers inquiring with Cramer.
"A lot of people like Apple. And maybe some people would say too many people like it. But I say you just hold it. Not doing well today, and hasn't done well for a while. But I think it's a great value," Cramer said.
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The weather this winter has taken a hard toll on the retail industry, because shoppers do not want to buy winter clothing when it is a week before Christmas and the temperature on the East coast is warmer than ever.
Ascena Retail Group is the parent company of Dress Barn, Justice, Maurice's and Lane Bryant. It also acquired Ann Taylor over the summer in what was supposed to be a transformational deal. Unfortunately investors have been fleeing from the stock.
However with the stock down 22 percent year-to-date, Cramer wondered if it is already reflecting most of the negativity but not of the potential for improvement. To hear more, he spoke with Ascena's CEO David Jaffe.
"For Ascena we saw a lot of sweaters and per the industry at large this is the time we are selling cold weather, because it is supposed to be cold, Jim… So no question that this category, cold weather gear, has been impacted. So you are going to see a lot of great deals," Jaffe said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
SunTrust Bank: "SunTrust is fine....I think you're fine. Don't expect anything to happen instantly because the market is a little funky. But that's a good place to be."
Syngenta AG: "I don't want you in that. I mean Dow Chemical is now 3 points below where it announced the bid. This is insane! I think at $48 you pull the trigger and buy that one."
Read MoreLightning Round: I was rocked by this group's action