Retail has been all over the map lately, and Cramer found it almost unbelievable.
"We have too many retailers. Some are hanging on by a thread. Some simply aren't needed. Some seem atavistic and antediluvian and they are just waiting to be destroyed by Amazon. Then we have other retailers that could be saved by the, well, Trump," Cramer said..
With the drastic difference in retail options ahead of Black Friday, Cramer reviewed the trends and how the market has reacted to them.
The new winner of the mall was Children's Place, which reported an amazing quarter. The stock rallied in response.
"Children's Place … has cracked the code and is winning both online and off. It's pure execution: the right styles and the right sizes. The Childrens Place is the NVIDIA of retail and a reminder that not only is the mall not dead, but you can make a ton of money in it if you have the right stuff," Cramer said.
When Cramer listened to the conference calls of Salesforce, Children's Place, NVIDIA and Netflix, he didn't hear management even talk about macro issues.
In recent years, Cramer has gotten used to the term "macro" being thrown around on calls. Before the Great Recession, he considered it to be some sort of alibi management gave for when it didn't execute.
"The sheer lack of companies that didn't fall back on something or complain or wring their hands this quarter tells me that it is the macro. And when you have a company that doesn't complain, it is part of a rare breed," Cramer said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Abbott Laboratories: "I'm so not crazy about health care under this new leadership. But I do like Miles White [CEO]. Longer term it's fine, but I've got to tell you that short term I just think that there is not a lot of upside."
Headwaters: "No. We are going to stick with Home Depot. Let's not get fancy."