Wall St. Confidential: Cramer Says Bet on Chips

"I'm betting that what this did is solve the next two quarters for Whole Foods," he said. "If they can make the quarter twice, you have to be in [Whole Foods], even up $5."

When Greenberg asked if it's a trend for companies to get into deals to negate the effects of a bad quarter, Cramer agreed that for a long time we have had deals that mask problems, but said he hoped this deal wasn't done with the intention of masking anything.

Soup and Ketchup

On a separate note, he urged viewers to take a look at Campbell Soup (CPB Quote) and Heinz (HNZ Quote), particularly because Nestle (NSRGY Quote) reported a "blowout quarter" Wednesday and is on the "acquisition prowl."