Cramer focused on Snap-On as a once red-hot stock that lost its momentum, and could be ready to roar again. After spending years climbing higher, Snap-On's stock fell hard, down 9 percent for the year.
Snap-On is the maker of high quality tools and diagnostic equipment for auto repair and other industries. Last week it reported a strong quarter, and Cramer suspects that the stock could be ready to go higher.
After management provided bullish commentary on the conference call, Cramer thought the organic growth of the company could signal good things for the stock. He spoke with Snap-On's chairman and CEO Nick Pinchuk on why organic growth is important.
"For us, organic growth is rolling out products that people really want … What we like to say is that we have runways for growth. One of those for growth for us is to expand with repair shop owners and managers," Pinchuk said.
Alkermes also made an incredible comeback when the stock recently surged 30 percent in one day after the company announced positive clinical trial data for an anti-depressant drug that previously failed to meet its targets.
Alkermes is a drug delivery company that also develops proprietary medications for mental illness, addiction, diabetes, Alzheimer's and multiple sclerosis. Cramer spoke with Alkermes' CEO Richard Pops, who explained that part of the difficulty in doing clinical research on depression is that enrolled patients in a trial often get better by participating in the trial itself, called the placebo effect.
"So, when the study failed in January, we looked at the data, and the data always tells you the truth. And in the data we saw a clear signal of activity of 5461. We just hadn't designed the trial exactly the right way," Pops said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Dollar Tree: "This stock has been in free-fall, along with Dollar General. I'm beginning to wonder if they aren't ready to bottom. But if you think they are, the better one to do is buy a stock called TJX, which my charitable trust owns ... It's a discounter that I think has a better stream of revenue, particularly with Macy's closing some stores soon."
Owens-Illinois: "They had a good quarter. I've been waiting for that. I love the glass business because it's recycling. Do you know that in certain parts of Latin America they use jars from Owens-Illinois 30 times. Glass should be more sustainably viewed in this country. I like the story here."