Cramer's Wall St. Confidential: Oil Might Be Well

Task asked whether Venezuela taking itself off the grid has ramifications for emerging-market stocks in South America and Latin America, to which Cramer replied, "It has to."

He urged investors to take gains in Latin American stocks every time they have one, whether it be with a stock like American Movil (AMX Quote) or AES (AES Quote).

Discussing Apple (AAPL Quote), Cramer said an Apple bear has been coming into the market and knocking it down every day. He told viewers it is "always a mistake" buying Apple up $1.50. There is a lot of leaning going on by hedge funds on the market, on the futures and on individual stocks, and both Google (GOOG Quote) and Apple are being targeted, Cramer explained.

"Wait for them to overshoot and then buy," he advised.

When Task asked if there is risk that expectations are too high for Apple's iPhone, Cramer said Apple should be given credit for the fact that "its execution is masterful."

"Its upside comes from its own realization that its brands are great," he said. Cramer said he's never scared about expectations getting too high with Apple.

At the same timem he believes "it never pays" to buy Apple when it is up because the "bears are leaning all over it," and eventually he expects the stock will come down on rumors.