After the Fed decided to raise interest rates in December, real estate investment trusts were negatively impacted. This is because higher interest rates make the juicy dividends of a REIT appear less attractive.
However, since then it has become clear that the Fed will be slow and deliberate in raising rates, and the group has bounced back.
EPR Properties is a diversified REIT that owns entertainment, recreation and education related properties. Recently it has decided to dip its toe into the casino space. Cramer spoke with EPR CEO Greg Silvers on what casinos mean for EPR's future.
"We've got the balance sheet, which is another thing investors occasionally miss about the company is we're going to be there for the long-term. The balance sheet is good," Silvers said.
Another group that has pulled back due to a market-wide stock rotation is the utilities.
"Here's the thing, as long as the Federal Reserve stays data driven and deliberative when it comes to raising rates, I bet the utilities will be able to bounce back," Cramer said.
This is one of the reasons why Cramer owns American Electric Power in his charitable trust. AEP owns the nation's largest power transmission network and has a power generation portfolio that serves more than 5 million customers in 11 states.
After reporting a less-than-stellar quarter, Cramer spoke with AEP's Chairman and CEO Nick Akins on what to expect going forward.
"When you look at the weather impact, it was a substantial 11-cents per share. So we are through with the winter, and we are moving into summer and it's still going according to plan. That is why we left guidance the same and that is why we reconfirmed our 4 to 6 percent earnings growth rate," Akins said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Pure Storage: "It's an interesting play. Remember, we did a piece about how we liked Equinix, EQIX ... Yours is interesting, I like mine better."
American Tower: "When you see a John Legere come on [T-Mobile CEO] and hear that Sprint has to be able to build out its whole network, that means you have to own the tower stocks. I'm not backing away. I have been staying long AMT the whole way."