When the market is slammed like it was on Tuesday, it can create buying opportunities in companies that are doing well. One of those companies is ServiceNow; the cloud-based software firm that helps corporate IT departments develop internal applications.
ServiceNow also provides enterprise software to manage and automate various functions for a company's human resources, legal, finance, security and marketing departments.
Yet, ServiceNow is now trading below where it closed last Wednesday, before it reported a strong quarter. The company had 5-cent earnings beat and higher than expected revenues. It also added a large number of customers in a short period of time, rising to 272 customers that were paying more than $1 million, from 249 customers.
"That's actually a very key metric that we report every quarter," ServiceNow President and CEO told Cramer, "The reason is that we laid out a $4 billion revenue target for 2020, so this gives our investor audience an opportunity to monitor our progress to that goal."
Cramer noted a more creative way to play the healthcare space with Alexandria Real Estate Equities (ARE), a company that benefits from the work done in the biopharma industry - its stock has the yield that investors seek.
ARE is an urban office space real estate investment trust that specializes in owning science and technology facilities in what are called "innovation cluster locations." The concept is that science and technology companies tend to cluster in certain areas, and ARE invests in high quality office properties in those areas.
Cramer spoke with ARE's chairman and CEO Joel Marcus, who said the company had positioned itself in the dominant cities such as Cambridge, San Francisco and New York in order to be the dominant force in collaborative urban science campuses.
"I think the most important thing is if you think about 10 years from now, not too far away, 75 percent of the workforce will be millennials. So, we try to stay ahead of the pack and we have thought about the urbanization trend back for the last decade," Marcus said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Five Below: "Five Below is like Dollar General, Dollar Tree, TJX and Ross Stores, except for I think it has moved too far. I want to say ring the register. A little profit taking for Five Below wouldn't hurt anybody."
Posco: "Engineering, construction and steel. I say stay away. If you want to own a company in this segment, you might want to own Nucor. That's the one I feel most confident about."