Jim Cramer is worried about the oil patch, and warned investors that what you see is what you get when it comes to crude.
"At a certain point all of this drilling could be sowing the seeds of the oil market's own destruction. This is basic economics 101," the "Mad Money" host said.
Cramer calculated that one of the main reasons why the price of crude has been stuck in the low-$50s is because companies like Pioneer are selling as much oil forward as they can.
Meaning, they are drilling and locking in gains for future production right now. So, if companies are selling into the futures markets, it could mean investors should think twice about buying.
Apologies to investors that thought they were suddenly a stock picking genius overnight, but Cramer says there's a stronger force at work.
Stocks have been going up because of the positive backdrop created by President-elect Donald Trump, Cramer said. Trump is the most pro-business President-elect he has seen in ages. The results of his victory are unfolding in the market every day.
"It's not that we have all become a bunch of genius stock pickers overnight. It is that we are in the right place at the right time, the stock market in this post-election era of good feelings," Cramer said.
Cramer compared the stock market to a game of leapfrog. When one stock moves up, it causes others in the sector to be revalued higher, almost instantly.
Maker of commodity computing components have struggled in the past few years as investors assumed that the PC had peaked and was in a secular decline. However, stocks like Western Digital have suddenly caught fire in the past six months.
And it wasn't a sudden recovery in PCs that fueled Western Digital's run, Cramer said. It was the transformation the company has undergone to transition beyond hard drives. Seven months ago the company closed on its acquisition SanDisk for $16 billion. This allowed the company to offer semiconductor based flash storage in areas where its disk drive technology was slowing.
Cramer spoke with Western Digital's CEO Steve Milligan, who said the entire platform for the company was based on the premise of capitalizing on the substantial amount of growth in people's personal and professional lives.
"It's really about the ability of a company and a set of individuals, which I am proud to be the CEO of, to be able to transform from a technology, from a product perspective, from a capability perspective to enable us to grow and thrive into the future," Milligan said.
If you're an unhappy millennial looking for a little holiday cheer, IDEXX Laboratories CEO Jonathan Ayers says buying a pet could be the answer.
Turns out 50 percent of dog owners buy a pet during the holidays, according to Ayers, and millennials are even crazier about animals, clocking in at over 60 percent.
"I think the baby boomers passed on something stronger to the millennials. Eighty-seven percent of millennials say that pets make them happier than almost anything else," Ayers told "Mad Money" host Jim Cramer.
Even better, Ayers says in the pro-growth environment in the United States, he expects millennials to form more households and acquire more pets.
In the Lightning Round, Cramer gave his take on a few stocks for callers:
Viacom: "It's kind of just neither here nor there. I'm not crazy about it. I am crazy about CBS, that's the channel 2 kind — not CVS — that guy is doing a good job over there, Les Moonves [CEO]."
Bristol-Myers Squibb: "Bristol-Myers is good. I think the stock's gotten a little too far north, frankly, after that Opdivo didn't work so well, so be careful. We do need to see some sort of charge or restructure I think for how much money they spent on that drug."