Mad Money

Cramer Remix: Breathtaking moves of the market

Cramer Remix: Breathtaking moves of the market
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Cramer Remix: Breathtaking moves of the market

In the old days, when Jim Cramer was on Wall Street, it would take weeks for investors to unwind decisions they made and change their minds. These days, buyers and sellers are making decisions at lightning speed.

When the tragedy in Brussels occurred Tuesday, stocks collapsed immediately. Then, slowly, segments of the market that had nothing to do with the terror attacks began to rejuvenate, led by health care. Then tech came back, followed by domestic utilities and international growth stocks.

By the end of Tuesday's session, Nasdaq finished in the green and only the travel and leisure stocks remained down.

"The move was breathtaking in its speed and recalibration," Cramer said.

Cramer interpreted that as the market telling investors to stick around, because the truth will come out faster than ever — a brand new trend for 2016.

Read More Cramer: Watch for these sudden market moves

Yves Herman | Reuters

The market was down on Wednesday, but many stocks consolidated gains in a way that showed Cramer that the companies underneath have some seriously strong pricing power.

"Sometimes, it just comes down to figuring out who has pricing power — who can raise prices and who can't," the "Mad Money" host said.

Pricing power refers to a company's ability to raise prices without resistance. Cramer likes these stocks because they are the ones that bounce back quickly in a marketwide sell-off. And the weak ones in this area will fall behind quickly when the market comes back because their earnings-per-share numbers come into jeopardy.

One of the reasons Cramer always says to own Apple, not trade it is because Apple represents the ultimate strength of pricing power. Apple has no pricing pressure because its products are regarded as the finest in the industry, and it generates $30 billion in revenue.

"Apple's pricing power is legion," Cramer said.

Read More Cramer: Apple pricing power stronger than ever

With March Madness in full swing, the initial field of 68 teams is due to be whittled down to just the elite eight teams. So, with bracketology in mind, Cramer reviewed his selection of the first four of eight CEOs that have put their companies in the best position to win right now.

Cramer nominated the top four CEOs as Dave Cote of Honeywell, Steve Easterbrook of McDonald's, Jeff Immelt of General Electric and Satya Nadella of Microsoft.

"Just like in the NCAA where it takes a great coach to get your team into the elite eight, many public companies have truly phenomenal chief executives," Cramer said.

Read More Cramer: 8 elite CEOs in ready to win 2016

Brent Celek, Philadelphia Eagles
Scott Mlyn | CNBC

Cramer also had a chance to speak with Brent Celek, tight end for the Philadelphia Eagles. Not only is Celek a professional athlete, but he is also a successful entrepreneur.

In 2013, Celek opened an American bistro-style restaurant called Prime Stache in Philadelphia. The new franchise has expanded to a food truck service for private events, and just last month Celek signed the lease to start a Korean-inspired, small-plate bar and restaurant.

"He exemplifies the entrepreneurial spirit we are celebrating here at CNBC and highlighting with Make It," Cramer said.

Celek commented on his decision to become involved in business, stating, "The reason why I wanted to be an entrepreneur is to have my own success, make my own mistakes, learn from that … you screw up here, you screw up there, you learn from it and you get better and you make your own money."

With the apparel space in a difficult space in the past few months, Cramer wondered if PVH Corp's stock has the ability to keep running. PVH is the company behind brands such as Calvin Klein and Tommy Hilfiger. The stock has been cut nearly in half from its highs of $120 last summer, down to lows of $64 just two months ago.

But with the days of the strong dollar possibly over, could a global company like PVH gain strength? Cramer spoke with PVH's chairman and CEO, Manny Chirico, who commented on the strength of Calvin Klein.

"The brand is performing exceedingly well, we have some tremendous marketing campaigns around the brand and the product is just living up to it," Chirico said.


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

H&R Block: "It was a disappointing quarter. I'm actually quite surprised it was down as much. But we spent some time with Intuit, and candidly Intuit is doing a better job. I think INTU is the one to own, not HRB."

ServiceNow: "It's not as bad as Tableau Software. ServiceNow is a very good company, it's just that if I am going ot buy a high-multiple, high-price, high-growth stock you know I am going to go with Salesforce.com or I'm going to go with Adobe. I just feel better about those two, and Workday third."

Read MoreLighting Round: Top three kings of the cloud