When you own a stock, you need to understand a lot more than just what the company is, Jim Cramer reminded his Mad Money viewers Tuesday. Investors need to also consider who their fellow shareholders are, Cramer said, because in a fickle market, a company's shareholder base could make all the difference.

Consider the two faces of FANG (Cramer's acronym for Facebook (FB) , Amazon (AMZN) , Netflix (NFLX) and Alphabet (GOOGL)  ).

Tuesday, Facebook received an analyst downgrade as the company struggles to contain costs associated with policing its user-generated content, while users continue to flee to the less-profitable Instagram. Cramer said Facebook is a broken stock, not a broken company, as it's making the painful transition from a growth-oriented investor base to a value-based one. That transition will take time, he said. But in the end, value investors will prevail.

But then there's Amazon, which today was the second company -- behind Apple (AAPL) -- to hit a $1 trillion market cap. Unlike Facebook, which is earnings driven, Amazon is instead driven by its total addressable market, or TAM, which includes retail, the cloud and advertising. Amazon's investor based has always been valuing the company based on long-term value, Cramer concluded, which is why it's in the right place, second to Apple's trillion-dollar valuation.

Cramer and the AAP team discuss in depth Facebook's challenges and risks. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

Retail Rises, But No Surprises

The stunning rise of the retail stocks should not come as a surprise, Cramer told viewers, even if the move has blindsided many analysts.

The analyst community has been burned before by retailers that fail to deliver, Cramer explained. But this quarter, earnings were so strong, almost across the board, that the analysts couldn't come up with the words to describe them. Everyone from Lululemon Athletica (LULU)  and Signet Jewelers (SIG) to Walmart (WMT) saw terrific earnings this quarter. Even those who fell on their release, like Dicks Sporting Goods (DKS) and Children's Place (PLCE) couldn't be contained for long as investors swooped in to buy, buy, buy.

The real risk in retail, Cramer concluded, is not getting burned. It's missing the move.

Over on Real Money, Cramer talks more about analysts and the outlook for retailers. Get more of his insights with a free trial subscription to Real Money.

September Forecast: Clouds 

Looking for a sector that's strong enough to buck the seasonal September sell-off trend? Cramer said to look no further than his "cloud kings," which are riding a strong secular growth wave that can be bought on any market-induced weakness.

Cramer said the cloud stocks are immune to fears about trade and tariffs, which makes them typically the first group to bounce on a selloff. He said there was nothing wrong with the Workday (WDAY) quarter, and he also liked Adobe Systems (ADBE) and Red Hat (RHT) , which is the laggard of the group, up just 24% for the year.

Salesforce.com (CRM) is always a win ahead of the company's annual Dreamforce conference, which commences in just three weeks. Splunk (SPLK) is also a favorite, but with shares up 55%, it may need to cool off a bit.

Finally, Cramer said he'd be a buyer of VMWare (VMW) right now, as this company is among the hottest of the cloud kings and perfect for this market.

Executive Decision: Clean Harbors

For his "Executive Decision" segment, Cramer checked in with Alan McKim, chairman and CEO of Clean Harbors Inc.  (CLH) , the environmental cleanup company associated with the oil industry.

McKim said that Clean Harbors continues to focus on sustainability with services like Safety Clean, which has refined and reused over 250 million gallons of waste oil in what is a total market of 1.2 billion gallons a year.

Clean Harbors also operates seven incinerators, which McKim said is the most environmentally-friendly way to dispose of certain materials, like those generated by the chemical industry. His company invested over $120 million in its newest facility, which was the first one brought online in the U.S. in 20 years.

McKim said Clean Harbors is always ready for emergencies and handles over 7,000 calls a year from its 450 locations around the country. The company's workforce of 15,000 people are ready to go where they're needed, McKim added, especially for natural disasters like hurricanes.

Read: Oil Hits $70 as Tropical Storm Gordon Aims for Gulf Coast

Revisiting Autodesk

In his final segment, Cramer issued a mea culpa for losing faith in Autodesk (ADSK) earlier this year and not sticking to his thesis.

Throughout most of 2017, Cramer had recommended the design software maker as "the best cloud software company you've probably never heard of." Autodesk had just begun switching from selling packaged software to subscriptions in the cloud, thereby eliminating it No. 1 competitor -- pirated copies of itself. Subscriptions were up and everything was looking great, until November of 2017.

In November, shares plunged from $130 to $106 after the company reported what seemed like slowing subscriptions along with a restructuring that reduced its workforce by 13%. Cramer admittedly lost faith in Autodesk, telling viewers the company was in the penalty box for at least another quarter.

But in hindsight, selling Autodesk at those low levels was a mistake, and shares have rallied 43% from those lows. Cramer said the number of subscriptions was the wrong metric to look at with Autodesk, as the company was selling more software to fewer clients as companies got on the subscription train and bought more copies for their employees.

Lightning Round

In the Lightning Round, Cramer was bullish on Schlumberger (SLB) , Cisco Systems (CSCO) , ConAgra Foods (CAG) , Sprouts Farmers Market (SFM) , Vail Resorts (MTN) , Activision Blizzard (ATVI) , Take-Two Interactive (TTWO) and Citigroup (C) .

Cramer was bearish on CommScope (COMM) , Tyson Foods (TSN) and Kinder Morgan (KMI) .

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At the time of publication, Cramer's Action Alerts PLUS had a position in FB, AMZN, GOOGL, AAPL, CRM, SLB, C.

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