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On the show's "Know Your IPO" segment, Cramer took a closer look at Schneider National (SNDR) - Get Report to see if the stock is worth investors' time. The company went public at $19 per share, which is almost exactly where it finished on Friday.

The shipping company has a trucking, intermodal and logistics business. While Schneider is a classic cyclical company, meaning its business closely follows how the economy is doing, it does have secular growth themes. For instance, e-commerce growth benefits shipping companies, and as supply chains become more complex, the companies that own them are leaving them to the logistics pros like Schneider to handle.

The company has made investments and acquisitions to boost its bottom line and cut its costs. The fact that revenues have had sluggish growth, just 2.2% last year, but net income expanded more than 11%, shows that management is executing.

Schneider has good businesses and if the economy starts to boom, it will really take off. Throw in the potential for deregulation from the White House and Schneider's bottom line could see another big boost.

There are negatives, though. The lack of deregulation and a slowing economy will really hurt Schneider. A border tax, while unlikely in Cramer's view, would also hurt the business.

Deregulation could really juice the stock higher, Cramer says. If you believe that will happen, along with a stronger economy, you can justify buying Schneider, which has a middle-of-the-road, OK valuation. But if you think the economy will slow and deregulation won't be a catalyst, you should opt out.

Cramer said that, personally, he'd wait to see how things play out.

Meanwhile, on Real Money, Peter Tchir said the jobs report wasn't all that bad, and he anticipated Treasury yields would be buoyed. He was right. Get more of this kind of insight with a free trial subscription to Real Money.

Cramer and the AAP team say Magellan Midstream Partners (MMP) - Get Report is getting another leg up. Find out what they're telling their investment club members. Get a free trial subscription to Action Alerts PLUS.

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At the time of publication, Cramer's Action Alerts PLUS had a position in MMP.