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NEW YORK (

TheStreet

) -- Investors can fuss over the high-flying stocks making headlines, Jim Cramer told his

Mad Money

TV show viewers Wednesday, but he'd rather own a nice quiet stock that just goes up slow and steady.

Among the stocks in the news again today was Alibaba (BABA) - Get Report , Cramer continued, a stock that rallied another 8.8% this week, but is still valued at less than Facebook (FB) - Get Report , a stock which Cramer owns for his charitable trust, Action Alerts PLUS.

Then there are the continued calls for the ouster of Yahoo! (YHOO) CEO Marissa Mayer. Cramer said this notion is simply "idiotic," as Yahoo! shares are up 25% on the year and Mayer is an incredible CEO.

Other newsmakers included Twitter (TWTR) - Get Report , a company that still hasn't realized the gem of an opportunity before them, and Macy's (M) - Get Report , a company that continues to under-promise and over-deliver.

But while the bulls and bears battle it out over Alibaba and Twitter, Cramer said he'd rather just own Apple (AAPL) - Get Report , a company which he does indeed own for Action Alerts PLUS. Cramer said Apple doesn't make waves, it just makes money, and that's why investors just need to own Apple for the long-term.

Executive Decision

For his "Executive Decision" segment, Cramer spoke with Andrew Liveris, president, chairman and CEO of Dow Chemical (DOW) - Get Report , which hosted an investor forum today and announced a 14% boost in the company's dividend and a new share repurchase program that will eventually retire 17% of the company's stock. Shares of Dow were up just 38 cents on the news.

Liveris said that investors often mistakenly look at Dow's 118 year history rather than its prospects over the next five to 10 years. The old Dow, he said, was negatively affected by lower oil prices, but the Dow of today actually benefits from falling crude prices.

Dow is also investing heavily in its future, Liveris noted, with the company's new $5.5 billion facility in Freeport, Texas, as just one example.

Finally, when asked about Dow's stock buyback program, Liveris said that they've already purchased $3.1 billion worth of stock so far this year and they buy more aggressively as the stock falls.

Cramer said that Dow remains a great core holding that provides both growth and yield, which is why it remains an Action Alerts PLUS staple.

Investors must view the decline in oil prices as a positive for stocks, not a negative, Cramer told viewers. He said while the "moronic" programmatic traders sell everything when oil prices plummet, the smart money should be buying.

Need proof that oil prices and stocks aren't correlated? It's right in front of you, Cramer continued. Crude just fell to three-year lows, yet all the averages are just off their highs.

Consumers benefit with cheaper gas prices, Cramer said, and spend more. Meanwhile corporations benefit from cheaper input costs, cheaper transportation costs and yes, a boost in sales from consumers spending more.

That's why Cramer continues to like the airline stocks, with Spirit Airlines (SAVE) - Get Report and American Airlines (AAL) - Get Report topping the list. He also likes the restaurants, mainly Panera Bread (PNRA) and Chipotle Mexican Grill (CMG) - Get Report .

Cheap oil helps offset some of the true negatives in the market, Cramer concluded and investors need to see it that way.

Executive Decision

In his second "Executive Decision" segment, Cramer went on location in Manhattan with Kip Tindell, chairman and CEO of The Container Store (TCS) - Get Report , a stock that doubled on its IPO last year, but as since fallen 51% so far in 2014.

Tindell said he's not overly focused on each and every quarterly number, but he is focused building long term initiatives that will reap rewards for years to some. Some of those new initiatives include "Contain Home" and "TCS Closets," two services where The Container Store comes right to your home and helps with your storage needs. While only in the Dallas area at the moment, Tindell said these services have been big winners.

Tindell also said he's mildly optimistic for holiday season and is hoping the tough winter weather from last year doesn't repeat. He said that The Container Store isn't likely to replicate the 21% growth it has as a smaller company, but could approach those levels as its new services roll out nationwide.

After their huge decline, Cramer said the bottom might finally be at hand for this stock, as January and February are historically their best months.

Lightning Round

In the Lightning Round, Cramer was bullish on VeriFone (PAY) , Federal Realty Investment Trust (FRT) - Get Report , Bank of America (BAC) - Get Report and Isis Pharmaceuticals (ISIS) .

Cramer was bearish on Hertz Global Holdings (HTZ) - Get Report , DDR Corp (DDR) , Peabody Energy (BTU) - Get Report and Investors Bancorp (ISBC) - Get Report .

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 markets. The first portfolio included EOG Resources (EOG) - Get Report , Halliburton (HAL) - Get Report , Baker Hughes (BHI) , Citigroup (C) - Get Report and Yahoo! (YHOO) .

Cramer identified three-of-a-kind in the oil group and suggested swapping Baker Hughes and Halliburton with Bristol-Myers Squibb (BMY) - Get Report and Honeywell (HON) - Get Report to be properly diversified.

The second portfolio's top holdings included Celgene (CELG) - Get Report , Apple (AAPL) - Get Report , Alibaba (BABA) - Get Report , Boeing (BA) - Get Report and Yahoo! (YHOO) .

Cramer said to sell Alibaba and add Dow Chemical.

The third portfolio had Gilead Sciences (GILD) - Get Report , Apple (AAPL) - Get Report , Alibaba (BABA) - Get Report , Lockheed Martin (LMT) - Get Report and Mobileye (MBLY) as its top five stocks.

Cramer said he's bless this portfolio as properly diversified.

The fourth portfolio's top stocks were Blackrock (BLK) - Get Report , Leggett and Platt (LEG) - Get Report , International Paper (IP) - Get Report , Gannett (GCI) - Get Report and Bemis (BMS) - Get Report .

Cramer found two-of-a-kind with Bemis and International Paper. He advised selling Bemis and adding Bristol-Myers.

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

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At the time of publication, Cramer's Action Alerts PLUS held positions in AAPL, DOW and FB.