With talks between Chipotle Mexican Grill and hedge fund billionaire Bill Ackman intensifying recently, Chipotle's CFO Jack Hartung shed light on the discussions to Cramer on Wednesday.
"The dialogue we have had with Pershing has talked about driving long-term shareholder value. Talks about recovering the business model and from what they have said so far, they believe that Chipotle is a special brand we are going through a tough time right now," Hartung told the "Mad Money" host.
Ackman took a nearly 10 percent stake in the company two months ago, but did not disclose his strategy. Chipotle also recently hired a law firm, investment banks and public relations company to help engage with the billionaire.
Carrizo Oil & Gas recently joined the club of oil companies on Cramer's favored list that sell their own stock to make smart acquisitions to take advantage of lucrative drilling real estate.
Carrizo is a $2.2 billion independent exploration and production company with operations in the Eagle Ford shale, the Permian Delaware Basin in Texas, Utica shale in Ohio, Marcellus shale in Pennsylvania and Niobrara formation in Colorado.
In late October, Carrizo bought 15,000 acres in the Eagle Ford shale from Sanchez Energy for $181 million in cash. In order to pay for the deal, it priced a 6 million share secondary offering at $37.50. While the stock pulled back initially, it bounced back to close at $37.35 on Wednesday, and recently reported a strong quarter.
Cramer spoke with Carrizo's CEO Chip Johnson, who commented on the positive nature of Republicans for business.
"I think the Republicans are always going to be a little bit more business friendly than the Democrats, so that can work out to our advantage and maybe some of these pipelines will get built that will reduce rail traffic," Johnson said.
In the lightning round, Cramer gave his take on a few caller favorite stocks:
Extra Space Storage: "No, rates are going higher. That's that whole point of what happened today with the 10-year bond. So no, we are going to stay away from that stock right now until we get a little bit higher yield by having the stock go lower."
HCP Inc: "Right now I'm a little down on medical buildings. There is some weakness in the sector. We are going to just stay away."