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Cramer explained that today's huge 9.6% jump in the price of crude gave investors hope that oil companies with debt-laden balance sheets may be able to live another day. This hope is warranted, he said, because most oil companies only need oil to be slightly higher from where it is now to survive.
Beyond oil, the restaurant and retail stocks were also able to post gains because investors finally began to acknowledge that cheap gas gives consumers extra cash. Then there are the industrials, led by 3M (MMM) - Get 3M Company Report , up 3.1%, and Eaton (ETN) - Get Eaton Corp. Plc Report , up 7.1%, which proved that things might not be as bad as many had feared.
It wasn't all roses on Wall Street, however, as worried about European banks cause more selling of the financials, and many of the high-growth stocks fell as investors moved to safer consumer packaged goods stocks like Clorox (CLX) - Get Clorox Company Report .
Executive Decision: Marc Benioff
For his "Executive Decision" segment, Cramer spoke with Marc Benioff, chairman and CEO of Salesforce.com (CRM) - Get salesforce.com, inc. Report , the cloud computing giant with shares that are near a 52-week low.
Benioff touted Salesforce's partnership with Accenture (ACN) - Get Accenture Plc Class A Report as a big win for his company. Accenture now has 25,000 of its employees using Salesforce, with many more expected to join the platform soon.
Benioff was upbeat about Salesforce's latest software, Lightning, which runs on phones, tablets and wearables and will extend the Salesforce platform to even more devices over time. He said that Salesforce is all about innovation, which is why the company has seen 50 software releases over the past 17 years, offering customers more than 150 new features every year.
Benioff also dismissed recent reports of Salesforce losing a big customer, saying the rumors were not true, but even if they were, no customer represents more that 0.5% of his company's revenue. Salesforce, he said, has a deep and powerful revenue portfolio and has weathered two recessions without missing a beat.
Executive Decision: Brian Krzanich
In his second "Executive Decision" segment, Cramer sat down with Brian Krzanich, CEO of Intel (INTC) - Get Intel Corporation (INTC) Report , the semiconductor giant that now trades at just 12 times earnings with a 3.5% yield.
Krzanich explained that while Intel is still largely a PC company, it is transitioning rapidly to other areas. He said by the end of this decade, for example, Intel's data center business will be the same size as its PC business.
That doesn't mean PCs are dead, however. Krzanich noted that while unit volumes may be in decline, thanks to its many innovations Intel is getting more margin out of every PC sold.
Intel is betting big on both data centers and the cloud as well as on the coming Internet of Things. Even today, 60% of the company's revenue stem from outside of PCs. Intel's recent acquisition of Altera will only expedite this transition.
Cramer said with its 3.5% yield, Intel is paying investors to wait for its transition to continue.
Executive Decision: Dan Schulman
In a third exclusive "Executive Decision" segment, Cramer sat down with Dan Schulman, president and COO of PayPal (PYPL) - Get PayPal Holdings Inc Report , a stock Cramer owns for his charitable trust, Action Alerts PLUS.
Schulman said there are a lot of secular tailwinds that are helping PayPal at the moment, all of which have led to a record number of net new subscribers this quarter, 6.6 million of them. Additionally, the average revenue per subscriber is also up as PayPal continues to take share from its rivals.
Schulman explained that with so many new payment platforms and technologies coming online, consumers are more and more turning to brands they trust, and that's PayPal. He noted PayPal now has over 180 million users around the globe.
PayPal is also benefiting from Venmo, its peer-to-peer digital wallet that is a favorite among Millennials. Schulman said that Venmo is expanding into new categories and is seeing strong growth. Schulman also touted his company's $2 billion stock buyback as a sign of confidence in the business.
In the Lightning Round, Cramer was bullish on McCormick (MKC) - Get McCormick & Company, Incorporated (MKC) Report , Duke Energy (DUK) - Get Duke Energy Corporation (DUK) Report , Dominion Resources (D) - Get Dominion Energy Inc Report , Celgene (CELG) - Get Celgene Corporation Report and Generac Holdings (GNRC) - Get Generac Holdings Inc. Report .
Cramer was bearish on Sysco (SYY) - Get Sysco Corporation Report , McKesson (MCK) - Get McKesson Corporation (MCK) Report , Alexion Pharmaceuticals (ALXN) - Get Alexion Pharmaceuticals, Inc. Report , Ferrellgas Partners (FGP) - Get Ferrellgas Partners, L.P. Report and BP (BP) - Get BP p.l.c. Sponsored ADR Report .
Executive Decision: James Park
For his final "Executive Decision" segment, Cramer sat down with James Park, chairman and CEO of Fitbit (FIT) - Get Fitbit, Inc. Class A Report , a stock that has been in free fall since its IPO last year.
Park said Fitbit is building a company to help people get healthier. That mission starts by building devices that people love to wear, but the magic, he said, is in the software and how the two work together.
Park said Fitbit is making a real difference in people's lives and shared a story of a customer in the UK who discovered a heart condition after noticing an elevated heart rate with her Fitbit. Park reminded viewers that Fitbit is not a medical device, but tracking health data can be vitally important.
Fitbit is also making a big push into corporate wellness, with 70 of the Fortune 500 companies now offering Fitbit to their employees to help increase wellness while lowering healthcare costs.
Finally, when asked about Fitbit's shareholder base, Park noted that all of their big investors are long-term holders of the stock.
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At the time of publication, Cramer's Action Alerts PLUS had a position in PYPL.