There comes a point when everyone just becomes too negative, Jim Cramer told his Mad Money viewers Thursday, and that's the time to take the other side of the trade.

The market has been negative on the same three things -- President Trump, tariffs and trade -- for what seems like forever, Cramer said, but when everyone gets negative, the only thing left to do is buy.

No investor wants to wake up every morning and have to check Twitter (TWTR) for the latest presidential rant, but that seems to be the new normal. The Russian investigation is not going away any time soon, Cramer said, so this story will have to be one we live with for awhile.

Then there are tariffs. Many on Wall Street feel tariffs are always bad and always lead to trade wars, which are bad for business. But while this opinion isn't popular on Wall Street, it is popular in the Rust Belt, which helped get Trump elected.

That brings us to the third "T" in our terrible trio -- trade. Last year we saw the beginnings of a synchronized global expansion, but this year that expansion has slowed. Trump may be aiming to forge better trade deals with Europe, China and our NAFTA partners quickly, but in the case of China, the administration may be taking a longer-term approach.

All of these worries aren't going to vanish overnight, Cramer concluded, so with stocks typically falling going into the weekend, that might be the perfect time to buy.

Cramer and the AAP are taking a close look at the earnings report from DowDuPont (DWDP) , and they like what they see. 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.

Talking About Tesla

In his "No-Huddle Offense" segment, Cramer applauded Tesla (TSLA) CEO Elon Musk for what he called "the best conference call ever."

On the call, Musk told analysts point blank that he has no interest in satisfying the whims of day traders. He also added that investors should not buy Tesla's stock if they think "volatility is scary."

At one point during the call, Musk told analysts their questions were boring and "killing him," after which he took questions from a shareholder on YouTube.

Cramer congratulated Musk for finally saying what's been on everybody's mind. Investing in Tesla is not for the faint of heart, he said. If you like the car, buy the car, but don't buy the stock unless you can handle the volatility.

If you can't take the heat, get out of the Gigafactory, Cramer concluded.

Over on Real Money, Cramer breaks down Musk's comments and looks at what the analysts are saying, too. Get more of his insights with a free trial subscription to Real Money. 

Broken Stock or a Broken Company?

What should investors do when a stock they really love gets mauled by the market? Cramer said you first need to determine whether you're dealing with a broken stock or a broken company.

Take MGM Resorts (MGM) , a stock that's soared 58% since Cramer got behind the company nearly two years ago. Shares of MGM rallied from the low $20s to a high of $38 in January, before getting slammed after the company reported earnings last Thursday.

While MGM reported a three-cents-a-share earnings beat with good revenues, the company also lowered their guidance for revenue per available room, citing weakness at their Monte Carlo and Mandalay Bay resorts. That guidance sent shares plunging 11%.

But Cramer said the long-term thesis at MGM remains in tact. Attendance in Las Vegas is forecast to improve and the company's new resort at National Harbor outside of Washington, DC continues to gain momentum, as do the company's properties in Macau.

Shares are cheap versus their historic levels, Cramer concluded, which is why he's sticking with MGM Resorts.

Executive Decision: Norwegian Cruise Line

For his "Executive Decision" segment, Cramer sat down with Frank Del Rio, president and CEO of Norwegian Cruise Line Holdings  (NCLH) , aboard the company's newest ship, Norwegian Bliss.

NCL just reported a six-cents-a-share earnings beat with a 12% rise in revenues, and will hold its annual investor day aboard Norwegian Bliss on Friday. 

Del Rio said that while Norwegian's stock price is "ridiculously low," he manages the company for the long term and is focused on delivering higher profits and returning capital to shareholders. The company actively manages their pricing to maximize revenue and ships like the Bliss will see 110% occupancy. 

Norwegian Bliss is the third of four Breakaway Plus-class vessels for NCL and reportedly cost an estimated $920 million. It carries about 4,000 passengers.

Despite already having the youngest fleet of ships, Del Rio said he could easily identify 12 underserved markets, which is why Norwegian is adding one new ship per year through 2025 to meet that demand.

Norwegian has excellent earnings visibility, Del Rio added, and with high barriers to entry, they know what the competitive landscape will look like years in advance. Fuel accounts for 6% of revenues, but Del Rio said he's not worried about costs as they can charge more for their experiences year after year.

Executive Decision: Proofpoint

In his second "Executive Decision" segment, Cramer also sat down with Gary Steele, CEO of Proofpoint Inc.  (PFPT) , which recently posted a 15-cents-a-share earnings beat with 40% sales growth. Shares of Proofpoint are up 35% for the year.

Steele said that Proofpoint continues to deliver both great growth and cash flow. While they focus on the largest Global 2000 companies, their most recent Human Factor report noted that 80% of companies have reported email fraud attacks.

Steele added that their recent acquisition of Wombat, a service that simulates phishing attacks, is in high demand with their clients.

When asked what everybody should do to protect themselves, Steele said that everyone must be mindful of everything they click on and every attachment they open in their email. 

Lightning Round

In the Lightning Round, Cramer was bullish on The Blackstone Group (BX) , Nvidia  (NVDA) , Amgen (AMGN) , Regeneron Pharmaceuticals (REGN) , Hasbro (HAS) and Waste Management (WM) .

Cramer was bearish on Xilinx (XLNX) , Celgene (CELG) , Exelixis (EXEL) , Moneygram (MGI) , Monster Beverage (MNST) , SunCoke Energy Partners (SXCP) and Mattel (MAT) .

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

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