Cramer Remix: Samsung phones might be catching fire, but it's heating up Apple

Of all the calls Jim Cramer has ever made for a stock on "Mad Money," he prides himself the most for his callto own Apple, not trade it.

When Apple broke out to new yearly highs and hit its first 10 percent weekly gain in three years, Cramer knew it was time to share with investors the logic behind his investment method for the stock.

"We have to analyze my Apple call because in all the years I have been in the business, I have rarely ever gotten so much criticism than I did for the decision to stay the course when Apple's shares got hammered after its latest quarter," the "Mad Money" host said.

Meanwhile, Apple's main competitor Samsung has some phones that catch on fire while they charge.

"Apple makes the best products in the world, although admittedly when your competition is an incidental arsonist, you have some easy compares," Cramer said, "As long as the financials are as strong as they are, as long as the stock remains much cheaper than the average name in the S&P 500, my philosophy remains the same: don't trade it, own it."

Tim Cook
Adam Jeffery | CNBC
Tim Cook

Chinese gambling mecca Macau has finally roared back, and Cramer is ready to gamble on casino stocks. After years of growth, Macau suddenly took a nosedive in 2014 when the Chinese government cracked down on corruption, which brought a halt to soft briberies like Macau junkets, which were lucrative for casinos.

From their peaks in 2014 to lows in the beginning of 2016, Las Vegas Sands lost 60 percent of its value, MGM Resorts lost 43 percent and Wynn Resorts shed nearly 80 percent. MGM did not fall as much as the others because it had substantially less Macau exposure.

However, declines finally slowed in Macau this year, and many casino stocks have been on fire. For investors who believe that the industry has finally bottomed, Cramer says not to wait around.

"If you were waiting around for a green light to tell you if was safe to buy, you passed up some enormous gains," Cramer said.

Jerry Jones bought the Dallas Cowboys for $185 million in 1989. It now stands as the most valuable sports team in the world, at $4.2 billion.

As the owner, president and general manager of the Cowboys, Jones has skin in the game. He says it's not the value of the team that impresses him the most — what happens on the field matters more to him.

"I would trade those values for some more first downs, or some more touchdowns," he told Cramer.

When Jones first made the decision to buy the team, he did not look at the purchase from a financial perspective, he said. He bought the Cowboys because he simply loved football.

Owner, Jerry Jones of the Dallas Cowboys
Ronald Martinez | Getty Images
Owner, Jerry Jones of the Dallas Cowboys

Cramer has spent a significant amount of time covering the strength of Amazon and how it has transformed consumers. The site is known for making selecting a product, checking out and paying easy for customers.

But selling products on Amazon could be a different story.

Potoo Marketing is a privately held company that aims to make life easier for third-party vendors who sell products on Amazon. Potoo's proprietary software and analytics platform assists clients with boosting sales. It has an intimate knowledge of selling on Amazon's online marketplace.

Potoo also assists with branding, what products should be sold and how to list them on the site. It will also aggressively go after unauthorized sellers who undercut its clients by selling sham merchandise. It will actually order the product that looks suspicious and then report the bogus seller to Amazon to have them removed.

In exchange for Potoo's assistance with taking market share and boosting sales, the company either gets a cut of the sales or a steady subscription fee from larger clients. Cramer spoke with Potoo's co-founder and CEO, Fred Dimyan.

"Potoo is a bird that is indigenous to the Amazon, and it's a camouflage bird that is integral to the ecosystem but hides out in the background," Dimyan said. "And that is what we do for our clients."

With Amazon in mind, Cramer could not help but ask what happened to the consumer in August. The Commerce Department reported a 0.3 percent decline in sales from the previous month, and the first drop in retail sales in five months.

Cramer explained the drop by highlighting that it has become a lot easier to stay at home. Food prices have dropped, thanks to lower commodity prices and intense supermarket competition. Additionally, spending patterns have changed, as millennials spend on experiences.

"No matter what, demand is not as strong as stocks need to stay up in the air if the Fed hikes rates. Then again, looking at this number, you have to ask, why would they bother?" Cramer said.

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

Kinder Morgan: "It's coming back. I prefer Enterprise and Magellan Midstream Partners, but I have to admit that KMI can come back. Oil I think can rage to $40 to $50 ... and when it goes down around the $40 level and you get KMI at $20 I'm OK with it now."

BofI Holding: "This thing is just a giant short squeeze and I don't want to play it. If you want a bank stock, we like Citigroup for my charitable trust. That's the one that I find is the cheapest, Mike Corbat [CEO] doing a good job."