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Cramer Remix: This stock could be a heartbreaker

Cramer Remix: This stock could be a heart-breaker

One lesson that Jim Cramer has learned over the years is that no matter how exciting a stock can be, the environment must be taken into consideration when speculating on a stock.

Match Group is the No. 1 online dating company that went public in November. Many know this company through, OKCupid and Tinder.

"I think Match may be the perfect example of how a somewhat speculative stock can get derailed by forces beyond its control that have nothing to do with the actual underlying company," the "Mad Money" host said.

In fact, if investors weren't so afraid of owning somewhat risky stocks right now, Cramer thinks Match could be on fire, and he would recommend it.

But in this market, fear reigns. Therefore Cramer thinks it is too risky to speculate right now. He recommended waiting for the environment to improve and for the stock to drop below its IPO price of $12 before giving his blessing to buy Match into weakness.

Finally, the market became so oversold on Wednesday that Cramer thinks investors can start to pick their favorite stocks again. And while the market didn't bottom, there were real signs of capitulation.

"I am not saying that a bottom has arrived … but I am saying that for the first time since this hideous decline began, we are beginning to see some of the necessary ingredients that make a bottom possible," the "Mad Money " host said.

There is very little that Cramer likes about this market. But one of his cardinal rules is that discipline always trumps conviction. Right now his discipline tells him that investors can start to build small positions in high-yielding dividend stocks that have come down, or companies that were punished, even though they reported solid numbers.

Cramer made this recommendation because he sees that the market is finally starting to take down its former leaders — like FANG and biotechs. Stocks could go lower from here, so that is why he thinks it is time to start with the safe stocks.

Read More Cramer: Market oversold—start picking these stocks

But one thing that really bugs Cramer, is how reliant the U.S. stock market is on the Chinese market. If China goes up, so do U.S. stocks and vice versa. Cramer thinks the only way to understand how China has become so important is by understanding how the U.S. got into this situation in the first place.

"This foreign index has become the tail that wags the dog of the U.S. stock market; so, how on Earth did we get here?" the "Mad Money " host asked.

After Wednesday's trading, the Shanghai composite fell below 3,000 and closed at 2,950. From here, Cramer recommended to watch two key levels: 2,850, which is where the index bottomed in August 2015, and 2,478, which is where it was when the Shanghai Hong Kong stock connect program began.

"Personally, I think the Chinese market probably needs to erase all of its gains since the bubble began in 2014," Cramer said,

Read More Cramer: China could fall another 28%

In such a harsh and unforgiving market, Cramer thinks a stock like Quintiles Transnational Holdings could be worth buying into weakness, as long as investors have patience and are willing to build a position slowly.

Quintiles is the top contract research organization that helps drug companies manage their clinical trials. The good news about this stock is that it has virtually no exposure to the world's economies. So, no matter how weak the Chinese or U.S. economy gets, investors will still buy stocks in medicine and pharma industry.

This stock has been in the house of pain, lately, down to $63 from $80 in late July. This is partially due to the scrutiny of drug prices from Washington, and also because this market is so hideous.

To learn more about where the company could be headed, Cramer spoke with Quintiles CEO Tom Pike.

"We really understand this science well, we have some really innovative drugs coming and because of that we are seeing an attractive approval environment. And because of that we think 2016 for a business like us, and Quintiles in particular, can be a strong year," Pike said.

Jim Cramer has a memo to everyone in America who is salivating over winning $1.5 billion in the Powerball lottery — don't bother playing.

"I am going to win, and I'm not just saying that because I have delusions of grandeur, although that is certainly part of it," the "Mad Money " host said.

In fact, Cramer has a higher level of confidence in the numbers he picked for the lottery than he does with any oil stock that sells below $10.

"When I gave up my hedge fund in 2000 I recognized that there was more to life than making money. Giving back this lucky fortune sounds like a much better idea," Cramer said.

If Cramer wins the jackpot, in addition to giving most away to charity, he would buy his own island. Or he would take advantage of the strong dollar and buy a castle in Ireland or a villa in Italy, preferably between Florence and Siena.

"Why the heck not? You only live once, or as the kids say, YOLO!" Cramer added.

Read More Cramer: YOLO! How I would spend Powerball winnings

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

Hertz Global Holding: "No, Hertz has got accounting issues. It's got a slowdown going on. That's the last thing we want to buy right here."

Moody's Corporation: "I'm worried there is not enough corporate issuance to be able to intrigue me. That's why not enough ratings. That's not going to be good for Moody's business."

Read More Lightning Round: A stock with a suspicious yield