For as much as you might be inclined to bet against the stock market, Jim Cramer told his Mad Money viewers Wednesday that they must remember that the indices are made up of individual companies with real reasons to head higher.

On one hand, it might seem ridiculous that stocks have been rallying since November, Cramer admitted. We are due for a sell off at some point, he said. But then you look at the earnings of company after company that are beating the estimates and making their stocks look a lot less expensive.

Cramer called out Home Depot (HD) - Get Home Depot, Inc. (HD) Report , Walmart (WMT) - Get Walmart Inc. Report and 3M (MMM) - Get 3M Company Report as stocks that looked expensive going into earnings, but came out looking very cheap. The same applies to Cisco Systems (CSCO) - Get Cisco Systems, Inc. Report , an Action Alerts PLUS holding that also now looks cheap at 14 times earnings given all the company has planned for 2017.

Visa (V) - Get Visa Inc. Class A Report , saw acceleration in just about every area, Cramer said, while Procter & Gamble (PG) - Get Procter & Gamble Company Report now has activist investor Nelson Peltz taking an interest in cutting costs.

Even Apple (AAPL) - Get Apple Inc. (AAPL) Report , another Action Alerts PLUS name and long-time Cramer favorite has seemingly transformed itself in just a quarter, giving shareholders all sorts of reasons to love it as well.

So before investors count the entire stock market out, Cramer said, they need to look at the individual companies -- companies which have been given them real reasons to buy.

Meanwhile, on Real Money, Cramer asks if the future price-to-earnings multiple is lower than we think. It's all about earnings. Check out Cramer's strategies with a free trial subscription to Real Money.

Executive Decision: Six Flags

For his "Executive Decision" segment, Cramer sat down with John Duffey, president and CEO of Six Flags (SIX) - Get Six Flags Entertainment Corporation Report , the regional theme park operator with 19 parks and shares that are up 19% over the past 12 months. Shares of Six Flags fell 3% on seemingly strong earnings today, however.

Duffey said that Six Flags continues to execute on the strategy they put into place six years ago, which was to grow attendance by providing great value and promoting season passes over daily passes. Six Flags is also expanding their events, like FrightFest in October, and adding new events for this year's Mardi Gras celebration, which will have food, entertainment and parades.

Duffey noted that Six Flags is also a leader in innovation, and was the first to add virtual reality to a roller coaster. They also continue to add new rides, which not only attracts more visitors but also adds capacity within their parks.

When asked about future opportunities, Duffey said the U.S. cannot really support new theme parks, but there are plenty of opportunities overseas.

Cramer said the the stock of Six Flags doesn't often present good opportunities to buy, but today is one of them.

The Buzz out West

After spending a week in Silicon Valley, Cramer said he was surprised to discover that CEOs are really only buzzing about a very few companies -- and the most-loved company isn't even located there.

Cramer said there wasn't a lot of love for Facebook (FB) - Get Facebook, Inc. Class A Report , an Action Alerts PLUS holding, nor for the upcoming IPO of Snap. Many CEOs also seemed to underestimate the potential of Intel's (INTC) - Get Intel Corporation (INTC) Report latest projects.

There was a lot of love for Alphabet (GOOGL) - Get Alphabet Inc. Class A Report however, even though the analysts continue to discount the company's AI and autonomous driving efforts. Cramer said he feels great about the prospects for Cisco and Adobe Systems (ADBE) - Get Adobe Inc. Report and felt that Workday (WDAY) - Get Workday, Inc. (WDAY) Report has put that company's challenges behind them.

Then there's Twitter (TWTR) - Get Twitter, Inc. Report , a company which was loathed by all of the CEOs Cramer spoke with. Twitter is falling behind, they felt, and CEO Jack Dorsey simply cannot run the company part-time.

As for that most-loved company, the honor fell to (AMZN) - Get, Inc. Report , which has rapidly become the benchmark that everyone is trying to keep pace with.

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Whether it's Amazon's voice assistants, data centers or plans for its own airline and drone fleet to deliver packages, Cramer said Amazon is clearly the company everyone aspires to stay one step ahead of.

Executive Decision: Tellurian

In a second "Executive Decision" segment, Cramer spoke with Charif Souki, former head of Cheniere Energy (LNG) - Get Cheniere Energy, Inc. Report and now the co-founder and chairman of Tellurian (TELL) - Get Tellurian Inc. Report , a stock that was up 12.1% today.

Souki was extremely bullish on our country's ability to export more natural gas. He said the U.S. has over 100 years' worth of reserves and is drilling at lower costs every year. The problem, he said, is infrastructure. Even if the U.S. doubled its export capacity, we would still only export a minute fraction of the gas the world needs.

When asked about competition, Souki said that Tellurian will move at their own pace and is not worried about what others are doing. He said this time around, his company has no debt, a clean slate, an experienced team and a track record of getting things done.

Finally, when asked about the price of oil, Souki said he feels oil prices are about where they should be, and the sky-high prices of years past was a strategy that came back to bite OPEC.

The Lightning Round

In the Lightning Round, Cramer was bullish on Western Digital (WDC) - Get Western Digital Corporation Report , MetLife (MET) - Get MetLife, Inc. (MET) Report , KeyCorp (KEY) - Get KeyCorp (KEY) Report , Incyte (INCY) - Get Incyte Corporation (INCY) Report , Freeport-McMoRan (FCX) - Get Freeport-McMoRan, Inc. (FCX) Report , Skyworks Solutions (SWKS) - Get Skyworks Solutions, Inc. Report , Constellation Brands (STZ) - Get Constellation Brands, Inc. Class A Report , Advanced Micro Devices (AMD) - Get Advanced Micro Devices, Inc. Report and Micron Technology (MU) - Get Micron Technology, Inc. (MU) Report .

Cramer was bearish on Huntington Bancshares (HBAN) - Get Huntington Bancshares Incorporated (HBAN) Report , Exelixis (EXEL) - Get Exelixis, Inc. Report , Boston Beer (SAM) - Get Boston Beer Company, Inc. Class A Report and Gilead Sciences (GILD) - Get Gilead Sciences, Inc. (GILD) Report .

Read all of Cramer's comments on the stocks in the Lightning Round.

No-Huddle Offense

In his "No-Huddle Offense" segment, Cramer expounded on the many things going right at Home Depot, which saw a 7.1% boost in same-store sales this quarter, as well as announcing a stock buyback program.

The company saw broad growth in all categories in all regions of the country and continues to take appliance marketshare from the ailing Sears Holdings (SHLD) .

But beyond increased employment, Home Depot management saw the strength in housing as a driving factor, as well as little impact from the Federal Reserve getting ready to raise interest rates.

That gives the company a long runway of growth ahead, Cramer said. And let's not forget: Home Depot doesn't sell apparel or fashion items and is often not located at the mall.

Positive signs: Cramer and the AAP team say the Dow (DOW) - Get Dow, Inc. Report  -- DuPont (DD) - Get DuPont de Nemours, Inc. Report merger looks more likely. Find out what they are telling their investment club members with a free trial subscription to Action Alerts PLUS.

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At the time of publication, Cramer's Action Alerts PLUS had positions in DOW, CSCO, AAPL, FB, GOOGL and ADBE.