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NEW YORK (

TheStreet

) -- "The binary nature of this market was on full display today," Jim Cramer told his

"Mad Money"

TV show viewers Thursday, as just the possibility of leadership in Europe magically turned the focus back onto U.S. companies that are performing well.

Cramer said that Europe is still clearly in control, but it's worth at least acknowledging some of the companies that headed higher today.

Cramer said that

Cisco

(CSCO) - Get Cisco Systems, Inc. Report

has regained some of its former luster, as has the oil and gas patch, which now includes three of the top 10 best performing stocks in the

S&P 500

.

He said that

EOG Resources

(EOG) - Get EOG Resources, Inc. (EOG) Report

TheStreet Recommends

remains the cheapest of the bunch, but

Schlumberger

(SLB) - Get Schlumberger NV Report

and

National Oilwell Varco

(NOV) - Get National Oilwell Varco, Inc. (NOV) Report

are also favorites.

In retail, Cramer tipped hit hat to

Kohl's

(KSS) - Get Kohl's Corporation (KSS) Report

, a stock he's thrilled to see doing well once again. Cramer also was bullish on truck maker

Cummins

(CMI) - Get Cummins Inc. Report

, a stock which he owns for his charitable trust,

Action Alerts PLUS, along with

Viacom

(VIA) - Get Viacom Inc. Class A Report

for its sizable stock buyback program.

Cramer also noted that

Merck

(MRK) - Get Merck & Co., Inc. (MRK) Report

was able to boost its dividend by 11%, the first such boost in ages. Cramer said he likes

Sanofi-Aventis

(SNY) - Get Sanofi Sponsored ADR Report

more and is warming up to

Celgene

(CELG) - Get Celgene Corporation Report

as well.

Finally, Cramer offered words of caution on the high-flying stocks in the market after

Green Mountain Coffee Roasters

(GMCR)

imploded today. He said that all of the high-growth names, like

Wynn Resorts

(WYNN) - Get Wynn Resorts, Limited (WYNN) Report

,

Google

(GOOG) - Get Alphabet Inc. Class C Report

and

Apple

(AAPL) - Get Apple Inc. (AAPL) Report

, another Action Alerts PLUS name, all took a hit today.

Oil-and-Gas MLP Play

In the "Executive Decision" segment, Cramer sat down with Donald Sinclair, president and CEO of

Western Gas Partners

(WES) - Get Western Midstream Partners LP Report

, and oil and gas pipeline master limited partnership with a 4.7% yield.

Cramer said while Western has a lower dividend than some of the other MLPs he recommends, this company also has a high percentage of fee-based business with fixed prices.

Sinclair explained that Western is a traditional MLP and has a structure that has stood the test of time. He said the company's sponsor,

Anadarko Petroleum

(APC) - Get Anadarko Petroleum Corporation Report

provides most of the assets that Western acquires, allowing both companies to unlock value in those assets.

When asked how non-Anadarko unit-holders have a say in the company's decisions, Sinclair explained that Western has a committee of non-Anadarko directors who oversee the company's decisions and acquisitions. He said everyone assesses the risk and the quality of every asset it acquires.

The relationship between Anadarko and Western has been a positive one for Western, with many of Anadarko's assets and growth coming from many of this country's hot oil shale areas, Western is also in a prime spot to see more rapid growth. Sinclair said that Western has $1 billion in liquidity at the moment, so it will not be visiting the equity markets for additional funding anytime soon.

Cramer said that while Western is more conservative than

Kinder Morgan Energy Partners

(KMP)

or

Energy Transfer Partners

(ETP)

, the company is still a great investment.

Sensible Split

In a special "reverse" Sell Block segment, Cramer gave

Kraft

( KFT) CEO Irene Rosenfeld a reprieve and removed her from his "Wall of Shame" list of the worst CEOs. Cramer said Rosenfeld's decision to split the company into two is the smartest thing to come out of Kraft in over a decade.

Cramer said the decision to split Kraft into a high-growth snack company and a high-yielding grocery company makes perfect sense and will unlock a lot of value, as each of these two businesses has different needs.

The snack business will include brands like Oreo cookies, Ritz crackers and a host of candies from Kraft's acquisition of Cadbury. Meanwhile, the grocery business will include Mac & Cheese, Velveeta and Oscar Mayer hot dogs.

While the grocery business will be primarily a U.S. play with high margins and likely a 5% dividend, the snack business will be mainly an international story with near 40% of sales coming from emerging markets. Cramer called the breakup an amicable divorce where everyone is better off.

Cramer said the split alone could be worth $7 a share to current shareholders, but the real value comes in the company's execution. Kraft just delivered a three-cent-a-share earnings beat on an 11% rise in revenues, proving that the company can once again execute and grow.

Mad Mail

Cramer followed up on

Yandex

(YNDX) - Get Yandex NV Class A Report

which recently delivered a strong quarter. Cramer advised staying on the sidelines under after the Nov. 21 deadline on insider selling has passed.

Cramer said that the Indian

MakeMyTrip

(MMYT) - Get MakeMyTrip Ltd. Report

is too pricey at 62 times earnings, while the 16% rise in

Digital Realty Trust

(DLR) - Get Digital Realty Trust, Inc. Report

makes that stock too expensivel.

When asked about

Kinder Morgan

(KMI) - Get Kinder Morgan Inc (KMI) Report

, Cramer advised buying

Kinder Morgan Energy Partners

(KMP)

, its subsidiary, for the better yield.

When asked about the

AT&T

(T) - Get AT&T Inc. Report

takeover of T-Mobile, Cramer said that he's a buyer of AT&T, an Action Alerts PLUS holding, but would not be a buyer of

Sprint

(S) - Get SENTINELONE, INC. Report

, which is being held hostage by its bondholders.

Cramer was bearish when asked about

Acme Packet

( APKT) , but was bullish on

Edwards Lifesciences

(EW) - Get Edwards Lifesciences Corporation Report

.

Finally, when asked to choose between

Baker Hughes

(BHI)

and

Halliburton

(HAL) - Get Halliburton Company (HAL) Report

, Cramer chose

Ensco

(ESV)

, another Action Alerts PLUS holding.

Lightning Round

Cramer was bullish on

Whole Foods Markets

(WFM)

,

McMoran Exploration

(MMR)

,

DaVita

(DVA) - Get DaVita Inc. Report

,

Apache

(APA) - Get Apache Corporation Report

and

ConocoPhillips

(COP) - Get ConocoPhillips Report

.

He was bearish on

Activision Blizzard

(ATVI) - Get Activision Blizzard, Inc. Report

,

Research In Motion

( RIMM),

World Wrestling Entertainment

(WWE) - Get World Wrestling Entertainment, Inc. Class A Report

,

Nokia

(NOK) - Get Nokia Oyj Sponsored ADR Report

,

Interoil

(IOC)

and

GT Advanced Technologies

(GTAT)

.

Post-Debate Reflections

In his "No Huddle Offense" segment, Cramer said he left last night's Republican debate longing for something big, something bold. He said that none of the candidates had any plans for large scale infrastructure projects, the kind the country desperately needs.

He said while the Republicans favor a hands-off approach to government, sometimes the country needs government intervention. "The private sector has included a lot of bad actors as of late," he noted.

Cramer said those with money invested in the markets also deserve regulations that level the playing field for the little guys. They deserve honesty and support from their government so that they will always be protected, he said.

--Written by Scott Rutt in Washington, D.C.

To contact the writer of this article, click here:

Scott Rutt

.

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.

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.

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.

At the time of publication, Cramer was long Cummins, Apple, AT&T and Ensco.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.