TJX also has other things investors should crave: consistent earnings, a stock buyback and a dividend raised 15 years in a row. Valuation remains the only concern for this stock, which sits just off its 52-week high. At 19 times earnings, Cramer said he'd use any market weakness to buy, buy, buy.
Cramer was bearish on Petrobras (PBR).
Executive Decision: Marty Mucci
For his "Executive Decision" segment, Cramer spoke with Marty Mucci, president and CEO of Paychex (PAYX - Get Report), the payroll processor that delivered a penny-a-share earnings beat on a 7.2% rise in revenue on Wednesday. Shares of Paychex are up 13% since Cramer last checked in at the beginning of October.
Mucci said he's happy with the progress the economy is making, with growth accelerating, consumer confidence coming back, lending opening up and housing recovering. He said Paychex has been able to get in front of a lot of new clients and all of his company's offerings, including 401(k) plans and human resources outsourcing, are showing improvement.
Paychex also benefits as interest rates rise, something Mucci said is going "nowhere but up" for the foreseeable future.
When asked about the company's cloud offerings, Mucci said many of Paychex' clients are already in the cloud, using their software as a service, or SaaS, offerings. The key to Paychex, he said, is innovative technology combined with great service.
Cramer said the run in Paychex is only getting started as this company continues to drive value for investors.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer reminded viewers that the stock market is all about managing expectations. That's how a stock like Nike (NKE), an Action Alerts PLUS holding, could deliver a terrific quarter but still see its shares slide. Investors were looking for the company to shoot the lights out, but that didn't happen.
Meanwhile, Red Hat (RHT), another Action Alerts PLUS name, was able to surprise analysts and saw its shares rise. Then there was Tibco Software (TIBX), which saw its shares fall 10% as investors looked for consistency, but didn't quite get it.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.
-- Written by Scott Rutt in Washington, D.C.
To email Scott about this article, click here: Scott Rutt