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Cramer's 'Mad Money' Recap: Accentuating the Negative

Coty's IPO is a different animal, said Cramer. The deal is much larger and, unlike Gigamon, Coty has flat revenue growth thanks to continued weakness in Europe. Expected to price between $16.50 and $18.50 a share, Cramer said he's only willing to pay up to $19 a share for Coty, although shares may be worth holding onto after the IPO as the company is expected to offer a modest dividend.

A Slam Dunk

In honor of the basketball finals, Cramer pitted Miami versus San Antonio, "Mad Money" style, by facing off Miami's Burger King (BKW) against San Antonio's Valero (VLO).

Cramer said that when it comes to oil refining, gross margins are the metrics that matter. That's why owning Valero will take patience because the infrastructure is being built to take more of our cheap crude out of the shale fields and get it to the refineries to the south of our nation. That infrastructure is coming, which is why shares of Valero have doubled over the past year before trading sideways over the past few months, Cramer said.

Burger King is a turnaround story. The company is improving its operations across the board, sending its share up 36% over the past 12 months. Cramer said Burger King is doing it all, from revamping its menu to remodeling its stores to expanding more aggressively in emerging markets. He said while rival McDonald's (MCD) is a better company, Burger King is cheap at 22 times earnings with a 16.8% growth rate.

But forced to decide between the two, Cramer said that Valero is winner -- that stock offers more upside trading at just 6.9 times earnings with a 9% growth rate going forward.

Lightning Round

In the Lightning Round, Cramer was bullish on Costco (COST), Wolverine World Wide (WWW), Suburban Propane (SPH), AbbVie (ABBV), Abbott Laboratories (ABT), Six Flags (SIX), Cedar Fair (FUN) and Hain Celestial Group (HAIN).

Cramer was bearish on SeaWorld Entertainment (SEAS) and Fortinet (FTNT).

Executive Decision: Phil Fernandez

In the "Executive Decision" segment, Cramer spoke with Phil Fernandez, president and CEO of Marketo (MKTO), the cloud-computing stock that soared 77% on its IPO on May 16 as interest in the space continues to grow.

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