Beyond the numbers, Cramer noted Diageo also has the least exposure to Europe, just 21% of sales, while having the largest exposure to emerging markets at 40%. With 58% gross margins, Cramer said Diageo would be his way to play this red-hot sector.
Despite this, Cramer said that while Diageo has had a great run he would wait for a pullback before pulling the trigger.
Here's what Cramer had to say about callers' stocks during the "Lightning Round":
Wells Fargo (WFC): "It's time for more Wells Fargo!"Magnum Hunter Resources (MHR): "It's a great spec on oil. Oil needs to hit $110 before it'll really kick in though." First Solar (FSLR): "Come on. That was the first good quarter that you could sell off of. I'm a seller, not a buyer. " Roundy's Supermarket (RNDY): "Very disappointing. I'll be revisiting this one." American Capital Agency (AGNC): "That yield is good. I like AGNC. It's done a good job." Liquidity Services (LQDT): "I like this model and I think it's OK. I would dip my toe in it here." Oracle (ORCL): "I am not going to go against Oracle in the fourth quarter when it's seasonally strong." Ellington Financial (EFC): "I think it's fine. This is a residential REIT." Westar Energy (WR): "That is a terrific company with a great yield. Safety never takes a vacation."