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Everything Jim Cramer said about the stock market on 'Mad Money,' including momentum rally, Tyson Foods' potential, Bed Bath & Beyond opportunity

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Cramer Remix: I'm not worried about a slowdown thanks to Lennar

CNBC's Jim Cramer advised investors be careful about their stock picks as Wall Street sets new highs. The "Mad Money" host predicted that Tyson Foods has a lot to gain from a phase one trade deal between the U.S. and China. Later in the show he suggested Bed Bath & Beyond as a buying opportunity, though investors dumped the stock off its latest earnings report.

Don't chase stock momentum, chase earnings

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 9, 2020.
Brendan McDermid | Reuters

CNBC's on Thursday advised that investors proceed with caution in buying stocks at current levels.

The major U.S. stock averages all made record closes during the session, moving up as much as 0.81% on the day.

"After another terrific day, you want to stick with stocks that are running on genuine good news, and not just because of late-to-the-party momentum buyers," the "Mad Money" host said.

Tyson Foods takes to China

Andrew Harrer | Bloomberg | Getty Images

shares rallied hard in 2019 and the stock has more in the tank thanks to a boost from trade, Cramer said.

"Thanks to the African swine fever epidemic in China, I think Tyson Foods is poised to be the biggest winner from the phase one trade deal, or at least in the wake of it," the host said of a breakthrough in U.S.-China trade relations.

"This is the mother of all catalysts, people, and while the stock had a big move last year, I'm betting it's still got a lot more room to run," he said.

Bed Bath & Beyond: One investor's trash, another investor's potential treasure

Getty Images

Buy low, sell high is the old investor adage that pays dividends.

shares have tumbled near bear territory, reporting a disappointing third quarter Wednesday night. On Thursday, Cramer said the 19% plunge is warranted, but he deemed it a prime opportunity for investors to "hold your nose and buy" the stock.

"Bed Bath & Beyond had a terrible quarter, but it's a new CEO and he's already made some bold moves to turn things around," the host said. "Many of those initiatives are already working, despite the stock price decline."

"This quarter was the last gasp of the old, incompetent management team. Do not let it scare you away from what I think could be a fabulous comeback story," he said.

Cramer's lightning round

In Cramer's lighting round, the "Mad Money" host ran through his thoughts about callers' favorite stock picks in rapid speed.

: "We spoke yesterday with Constellation Brands and David Kline, the excellent CFO, went over there to run Canopy. So if you're going to have to buy one it's going to be Canopy, 'cause that guy has got horse sense."

: "'I am quite confident ... that EPR is a good buy here."

: "No. We have things like . Why do we need Teva when they created Bristol-Myers?"

Disclosure: Cramer's charitable trust owns shares of Tyson Foods.

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