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Cramer explained that a slowing global economy means that interest rates are going to say low, which in turn makes housing more affordable. While some investors are waiting for the Federal Reserve to start raising rates before investing in housing, the smart investors are already there.
That's also why the stocks of anything that goes into a home, such as Amazon.com(AMZN) - Get Report and Wayfair(W) - Get Report, are on the rise, as are the usual home-related suspects of Home Depot(HD) - Get Report and Lowe's(LOW) - Get Report.
Then there are the momentum names, like Netflix(NFLX) - Get Report and Tesla Motors(TSLA) - Get Report and also Walt Disney(DIS) - Get Report, which will rebound on any mention of the phrase Star Wars.
Executive Decision: Udi Mokady
For his "Executive Decision" segment, Cramer sat down with Udi Mokady, president and CEO of CyberArk Software(CYBR) - Get Report, the cyber security company that just posted a 13-cent-a-share earnings beat with upside guidance. Shares of CyberArk currently trade at a hefty 77 times earnings.
Mokady explained that security used to be an afterthought for many companies, something to keep their auditors happy. But now after many high-profile attacks, security is now a must-have for all companies.
Mokady said CyberArk monitors and protects privileged accounts, making it harder for attackers to both gain entry and move around if they do gain entry. CyberArk doesn't compete directly with Palo Alto Networks(PANW) - Get Report or FireEye(FEYE) - Get Report, but acts as yet another layer of the security picture.
Some hackers attack for profit while others attack for damage, Mokady noted. Not only are credit cards vulnerable but also health care and tax information and even utilities, which is critical infrastructure.
J.C. Penney's Mojo
Yes, it's true, this left-for-dead retailer not only has a new CEO but also the ambition to once again be a great place to shop, something that was clearly evident in its 4.7% rise in same-store sales.
Cramer said there's a lot to like about Penney, not the least of which is that Wall Street expects so little from the company that any improvement at all can send shares roaring.
Penney is making a lot of positive changes, including giving customers the promotions they've been seeking. It's also focused on its omni-channel operations that allow customers to buy online and pickup in stores and in growing its private label brands, which carry higher margins.
Retail is a fickle business, Cramer admitted, but there's certainly room for Penney to take share from its competition that have all but forgotten it.
Executive Decision: Bill Tauscher
In his second "Executive Decision" segment, Cramer sat down with Bill Tauscher, chairman and CEO of Blackhawk Network (HAWK) , the prepaid gift card provider that reported strong earnings last month. Shares of Blackhawk are up 59% since Cramer first recommended the company just 11 months ago.
Tauscher explained that Blackhawk has worked to simplify its reporting to help make its business more understandable to analysts. So far that effort is paying off. Analysts are now able to see just how well all the parts of the business are faring.
Tauscher also spoke highly of Blackhawk's acquisition of Achievers.com, a service he said could become the next big HR platform. Achievers offers companies the ability to frequently reward employees with gift cards and recognition, all within a defined budget on a platform that manages all of the details, including taxes.
Cramer said the Blackhawk story remains a good one that just keeps getting better.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer pondered whether it's time to start picking at the rubble that was once the energy-related master limited partnerships. His conclusion? Only if you're picking at the right MLPs.
Plains All American missed revenue by a stunning $1.3 billion when it reported on Aug. 4 and slashed its growth forecast while at the same time announcing that it only has the cash to cover 93% of the distributions it plans to pay. That news sent the stock plummeting 10.8%.
Meanwhile, Energy Transfer posted good results on Aug 5, boosting its distribution by 8% and announcing that it has enough cash to pay 103% of its distributions, making its 8.2% yield more than safe.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL and ETP.