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NEW YORK (TheStreet) -- The market is throwing a sale, Jim Cramer announced to his Mad Money viewers Tuesday. Investors need to stop panicking and start buying the long-term winners.

Cramer has often said that it's not the direction of a move that scares the markets, it's the velocity. That's why today's sharp spike in oil prices is having such an impact, as investors struggle to comprehend what higher oil prices actual means.

It wasn't too long ago that low oil prices were the worry, with rampant bankruptcies forecast in the oil patch. But just as cooler heads predicted, oil prices not only stabilized but are returning to the levels they probably should've been at all along.

But for many money managers, today's spike in oil seemed to be a surprise, sparking the logic that higher oil prices means a stronger economy, which will surely lead to higher interest rates, making so-called long dated assets worth less. Thus the selling commenced.

For a stock like Walt Disney(DIS) - Get Report however, today's selling was a blessing. The company reported an amazing quarter, yet shares ended the day down 22 cents a share. The long-term story for Disney is still intact, so why not use today's weakness as an opportunity to buy, buy, buy?

Executive Decision: Brad Jacobs

For his "Executive Decision" segment, Cramer sat down with Brad Jacobs, chairman and CEO of XPO Logistics(XPO) - Get Report, our nation's largest "last mile" logistics provider, which last week announced the acquisition of a major European logistics provider, its first foray outside of the U.S.

Jacobs explained that XPO is a big player in a number of areas, including being number three in intermodal transportation in the U.S. and a major player in moving goods from Mexico under the Nafta treaty to the U.S. While XPO doesn't own many of its trucks, it does touch about a third of all appliance and furniture deliveries in the U.S.

When asked about the opportunities for more acquisitions, Jacobs said the transportation industry is very fragmented and there are still thousands of companies out there. Not all acquisitions are large, however, and he said many are small but still strategically important.

Cramer on Cult Stocks

It's official, America loves a TAN, or in Cramer's world the stocks of Tesla Motors(TSLA) - Get Report, - Get Report and Netflix(NFLX) - Get Report.

Cramer's long dubbed these companies "cult stocks" because their customers have evolved into voracious shareholders, sending valuations to levels not warranted by any traditional metric. That was clearly apparent today when an analyst was forced to upgrade Netflix from a sell directly to a buy, capitulating that he's been dead wrong for over 100 points.

Amazon, too, has been red-hot since the company offered a rare moment of clarity on its conference call, telling shareholders just how profitable its Web services division is. Then there's Tesla, which reports Wednesday. After a big run going into the quarter, this stock is also receiving upgrades ahead of its announcement.

Where does Cramer stand on these three beloved stocks? He said Netflix still represents value while Amazon could be a value if it wanted to be. As for Tesla, Cramer said drive the car, stay away from the stock.

Off the Tape

In his "Off the Tape" segment, Cramer celebrated Cinco de Mayo by sitting down with Ken Austin, chairman and co-founder of the privately held Tequila Avion, the high-end spirits maker that's received multiple awards and a majority investment from Pernod Ricard (PDRDY) .

While Austin wouldn't provide all the details, he said the Ricard deal was well over $100 million and did not represent the entire company. He said Avion is still being run with full autonomy and the company is not cutting any corners as it continues to grow.

When asked about that growth, Austin said that while tequila as a category is growing by 6% a year, Avion is about double that. Tequila is still primarily a North American drink, but Austin is confident that will change over time.

Lightning Round

In the Lightning Round, Cramer was bullish on AT&T(T) - Get Report, Ventas(VTR) - Get Report, Cisco Systems(CSCO) - Get Report, LAM Research(LRCX) - Get Report, Cypress Semiconductor(CY) - Get Report and Mallinckrodt(MNK) - Get Report.

Cramer was bearish on Qorvo(QRVO) - Get Report, Vodafone Group(VOD) - Get Report, New Senior Investment Group(SNR) - Get Report, EMC (EMC) , Applied Materials(AMAT) - Get Report, Teva Pharmaceuticals(TEVA) - Get Report, Home Depot(HD) - Get Report, Ligand Pharmaceuticals(LGND) - Get Report and Textainer Group Holdings(TGH) - Get Report.

Executive Decision: Farooq Kathwari

In his second "Executive Decision" segment, Cramer sat down with Farooq Kathwari, chairman, president and CEO of Ethan Allen Interiors(ETH) - Get Report, a stock that's declined over 20% so far in 2015 despite trading at just 14 times earnings and sporting a 2.3% dividend yield.

Kathwari explained that Ethan Allen is a classic American brand and one that still promotes personal service at all 300 of its design centers around the country. The company has been hard at work transforming itself, investing over $750 million to bring its manufacturing back to the U.S.

In addition to streamlining its operations, Ethan Allen has also been paying down its debts and buying back more of its own stock.

Cramer took a wait-and-see stance on Ethan Allen because sales of the company's new American made goods have been sluggish thus far.

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

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