Those who follow Cramer regularly know that he loves industries that are dominated by two gigantic players, known as duopolies. In the home improvement space, Lowe's and Home Depot have cornered the market, and lately Cramer has witnessed a strange change in the industry.
For a long time, Home Depot was considered to be the undisputed best-of-breed company, and Lowe's has always been a close second. That domination changed this past earnings season when Lowe's wowed Wall Street.
"Suddenly Lowe's is the new golden boy, and Home Depot is more like the whipping boy," the "Mad Money" host said.
For the first time in several quarters, Lowe's had better total same-store sales, up 7.3 percent versus 6.5 percent for Home Depot. Additionally, Lowe's posted 40 percent earnings per share growth, more than double the 19 percent growth rate from Home Depot.
Following these earnings reports, Cramer's enthusiasm toward Lowe's grew and pulled away from Home Depot. It seemed to him that practically overnight, Wall Street has switched sides to focus on Lowe's, too.
Read MoreCramer on Lowe's vs Home Depot: I'm changing my opinion
Another company that has changed position recently is Palo Alto Networks, which went from being a market darling to Wall Street punching bag. Palo Alto is the cybersecurity company that Cramer has regarded as having some of the best technology in the business.
Yet, the stock is down 23 percent for the year, including a 12 percent decline on Friday after the company reported. Currently the stock trades at 50 times next year's earnings estimates, which may sound expensive to some, but Cramer reminded investors it's the cheapest the stock has been since the company came public in 2012.
Cramer still believes that the cybersecurity industry still has a lot of growth ahead of it, thus the stock could simply be in a buyable pullback. To learn more about the future of cybersecurity, Cramer spoke with Palo Alto Chairman and CEO Mark McLaughlin.
"I think it's a huge issue, and it's going to remain that way for a long time to come. I saw this morning that the Fed said they investigated over 50 breaches in the last four years. The director of National Intelligence not too long ago said cybersecurity was the No. 1 issue for the United States, full stop," McLaughlin said.
In the Lightning Round, Cramer gave his take on a few caller-favorite stocks:
CVS Health: "CVS is way too cheap. Some people were worried about one of their deals with a provider. This is ridiculous! You're talking about Larry Merlo [CEO], one of the great retail merchants! It's a buy."
Unit Corporation: "No, remember I said that in the mid $30s that oil was going to go to $50. It hit $50; it's come back down. I don't believe the OPEC meeting is going to give you that good of a solution. So, I am going to say no to that idea."
Read MoreCramer: How the OPEC meeting could influence oil