Many investors want exposure to emerging markets for the tremendous potential for growth. However, with the risky action in countries such as Brazil, Venezuela and China, many have gotten burned in the past year.
Cramer shared what he calls a better and safer way to play emerging markets.
"Instead of investing in an MSCI emerging markets index, why not just invest directly in MSCI? This company has been a terrific performer precisely because they make money regardless of whether their indexes go up or down," the "Mad Money" host said.
MSCI is the index and analytics company with a stock that has quietly crept up with outsized performance and low-risk. The company creates various indices that serves 97 of the top 100 largest asset managers, with over 750 ETFs based on its indices — more than any other firm.
Read More Cramer: A way to invest in emerging markets and not get burned
Hormel is the food company commonly known as the maker of Spam, Jennie-O turkey and Skippy peanut butter. Cramer has recommended the stock because of its approach to become more natural and organic, particularly with its acquisition of Applegate Farms.
The stock was hit hard in the past week, falling to below $35 on Friday from $40 on Monday. Cramer attributed some of it to a marketwide sell-off, but also to Hormel's recent quarter. Despite strong headline numbers, the stock fell as investors worried about declining margin on pork and turkey products.
Cramer spoke with Hormel Food Corp President and COO Jim Snee, who commented on investor's reaction. He the company will focus on what it can control, such as brand building, innovation and acquisitions.
"Over the long term, those are the things that are going to allow us to continue to deliver the 5 percent top line, 10 percent bottom line, long-term growth goals that we have for our organization," Snee said.
In the Lightning Round, Cramer gave his take on a few caller-favorite stocks:
Shake Shack: "We don't care where a stock has come from, we care where it's going to. There is now a $1 billion valuation. A little bit less than that, and I'm interested. Down 20 percent from here and I think you pull the trigger
Manitowoc: "Down here I think you ought to buy it. It's a nice interesting chip in the game of return."
Read MoreCramer: When to pull the trigger on this $1 billion company