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NEW YORK (TheStreet) -- Nobody knows whom to trust in this market, Jim Cramer told his "Mad Money"  viewers Wednesday after a roller-coaster session on Wall Street. Cramer said there are two sides to every earnings report, and the ugly side is where investors are focusing.

In a market dominated by traders, Cramer said it's no wonder stocks like Buffalo Wild Wings (BWLD) , which posted beat earnings expectations by 3 cents a share, rose 3% on the news only to change course in a nanosecond, falling 10% on what analysts perceived as "limited visibility."

The same was true for Ralph Lauren (RL) - Get Report, which saw its shares pop on earnings only to do an about-face, down $15 on less-than-expected gross margins.

Cramer said it doesn't matter whether you're Estee Lauder (EL) - Get Report or Wynn Resorts (WYNN) - Get Report, one of the 3-D printing stocks or Twitter (TWTR) - Get Report, the market is siding with the bears.

It's not yet time to write off all of 2014, however, Cramer concluded. It's only February, but it's also not time to be aggressive, especially with a poor unemployment number expected on Friday.

Executive Decision: Irwin Simon

For his "Executive Decision" segment, Cramer once again sat down with Irwin Simon, chairman, president and CEO of Hain Celestial (HAIN) - Get Report, a stock that slid 6.1% after the company reported and failed to meet exceedingly high market expectations.

Simon said Hain is celebrating its 20-year anniversary this year. Now that it's the world's largest organic food company, it's time to stop looking at the company one quarter at a time. Look at Hain for the long term, Simon continued.

When asked about the perceived weakness this quarter, Simon noted sales in the U.S. grew by 8%. But as retailers shift promotions from quarter to quarter, that growth will be lumpy. Consumption isn't falling, he indicated, so if supermarkets load up on baby food one quarter, for example, they may order less the following quarter. Sales will eventually catch up.

Turning to concerns over "organic" growth at the organic food maker, Simon said that, yes, the company does buy great brands. But Earth's Best, for instance, was a $14 million company when Hain acquired it, and it's now a $200+ million brand. Hain continues to be about building great brands, he said, and not about leaving them on a shelf to wither and die.

Looking ahead towards continued growth, Simon noted that Whole Foods Markets (WFM) plans to open 1,200 locations. That translates to $400 million to $500 million in sales for Hain, just from that one retailer.

Cramer said he remains a believer in Hain.

More on Apple

What's the one stock investors are always asking Cramer about? It's Apple (AAPL) - Get Report, a stock Cramer owns for his charitable trust, Action Alerts PLUS.

Cramer said inevitably, when asked why they own Apple, investors often say they love Apple's products. That's a problem for Apple's stock, Cramer continued, because high-flying stocks need to have lots of people who don't own the products and are able to be converted. Apple, on the other hand, has now gone mainstream.

Thus, Apple's worst enemies are its own shareholders, the ones who still pine for the high-growth years of the late 2000s. Investors in Apple today need to accept it for what it is, a slow-growing tech giant with lots of cash, a fabulous balance sheet, a terrific dividend and products that everyone loves but most likely already own, Cramer concluded.

Lightning Round

In the Lightning Round, Cramer was bullish on Palo Alto Networks (PANW) - Get Report, Linn Energy (LINE) , Navigator Holdings (NVGS) - Get Report, Gilead Sciences (GILD) - Get Report, Take-Two Interactive (TTWO) - Get Report and Gogo (GOGO) - Get Report.

Cramer was bearish on FireEye (FEYE) - Get Report, Walter Industries (WLT) , Breitburn Energy Partners (BBEP) , Andersons (ANDE) - Get Report, Ariad Pharmaceuticals (ARIA) , InvenSense (INVN) , Acuity Brands (AYI) - Get Report and Molycorp (MCP) .

Executive Decision: Gary Heminger

For his second "Executive Decision" segment, Cramer sat down with Gary Heminger, president and CEO of Marathon Petroleum (MPC) - Get Report, which surprised Wall Street with a 95-cents-a-share earnings beat thanks to soaring gross margins.

Heminger attributed Marathon's success to its unparalleled access to crude oil. He said Marathon is perfectly balanced between midwest and gulf coast markets, with the gulf producing one million barrels of gasoline a day and the midwest approaching 700,000 barrels a day.

When asked about what's holding his business back, Heminger said Marathon supports free markets but our nation's laws, like the Jones Act and the renewable fuel standards, are crippling the refining business.

Heminger also favors the Keystone pipeline, saying that building that line to Canada is a win-win for our continent and could dramatically reduce the amount of oil imported from hostile nations around the globe.

Marathon also remains committed to shareholders, Heminger said, noting that dividend increases and other initiatives to bring out value are all in the works.

Cramer said it's easy to see how Marathon could deliver such spectacular results.

Am I Diversified?

In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's tough markets.

The first portfolio included Bank of America (BAC) - Get Report, Swift Energy (SFY) - Get Report, (AMZN) - Get Report, Johnson & Johnson (JNJ) - Get Report and Magic Software (MGIC) - Get Report.

Cramer said he'd sell Magic and add an industrial stock like United Technologies in order to be better diversified.

The second portfolio's top holdings included Google (GOOG) - Get Report, (AMZN) - Get Report, Facebook (FB) - Get Report, Janus (JNS) and Kimco Realty (KIM) - Get Report.

Cramer said this portfolio was too tech-heavy and needed to shed Amazon and Facebook in order to add a drug stock like Bristol-Myers Squibb (BMY) - Get Report and the aforementioned United Technologies.

The third portfolio had Apple, Berkshire Hathaway (BRK.B) - Get Report, EOG Resources (EOG) - Get Report, Union Pacific (UNP) - Get Report and MasterCard (MA) - Get Report as its top five stocks.

Cramer blessed this portfolio are properly diversified, calling it "perfection."

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, BAC, GOOG, JNJ and LINE.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 is related to the specific opinions expressed by him on "Mad Money."

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