Few "Mad Money" followers would be surprised that Cramer-fave Apple took first place in his ranking. Now that Amazon's stock has slipped from its highs, Apple is the world's only trillion-dollar company by market cap.
Reiterating his motif that Apple should be valued like a consumer products company rather than a tech company, Cramer applauded the iPhone maker for creating "the most popular consumer product on earth."
"But here's the thing: Apple trades at less than 16 times next year's earnings estimates," Cramer said. "It's cheaper than the average stock in the S&P 500. More important, it's cheaper than the consumer product stocks — cheaper than Procter, cheaper than Clorox, cheaper than Kimberly-Clark — they're all more expensive, even though they have much slower growth."
The "Mad Money" host added that whenever Apple's stock is down, like it was on Thursday, it's "safe to assume" that the company is buying back its shares via its $100 billion buyback, the largest in history.
"Most importantly, Apple's become a play on the subscription economy," Cramer said. "I think expansion here will only continue to accelerate because the value proposition on this stuff is impossible to deny."
All in all, his mantra remains: own Apple; don't trade it.