Promising Drug

For his second "Executive Decision" segment, Cramer spoke with Don Bailey, president and CEO of Questcor Pharmaceuticals ( QCOR), a small biotech company whose primary drug, Acthar, has a lot of promise. Shares of Questcor trade at 23 times earnings and the company has a 42% growth rate.

Bailey explained that Acthar is used to treat autoimmune diseases such as muscular sclerosis. He said the drug costs $24,000 a vile and is only prescribed a few thousand times a year so far. Bailey said that his company has a safety net in place to see that all eligible patients can receive the treatment and in some cases the government pays for it, while in others insurance will.

Bailey also noted that Acthar has a complicated extraction and manufacturing process, so it's unlikely that the drug will ever face generic competition. He was also upbeat on finding new indications for the drug and said it's already being used for spasms in children and also for some kidney ailments.

Cramer said that Questcor remains a promising company and its drugs could be used by hundreds of thousands of patients.

Lightning Round

Cramer was bullish on Colfax ( CFX), Verizon ( VZ) and AT&T ( T).

Cramer was bearish on NII Holdings ( NIHD), Frontier Communications ( FTR), Akamai Technologies ( AKAM) and VirnetX ( VHC).

Trading Natural Gas

In his "No Huddle Offense" segment, Cramer opined on the difficulty in picking stocks that fit a "green" thesis. He said that everyone loves wind and solar plays, but those need subsidies to survive. THe same applies to ethanol stocks. Cramer said that recycling is interesting, but that tends to be too volatile. He likes energy conservation plays, but those are also economically sensitive.

That's why Cramer has been focused on natural gas this week, as it's a cleaner, if not a totally clean, fuel. But even there Cramer said there are problems. He said if President Obama is re-elected, it's unlikely that natural gas will be adopted for surface vehicles, but if Republicans win, it likely will. So what's an investor to do?

Cramer said they should split the difference and buy Chart Industries ( GTLS), which makes equipment to liquify natural gas. He explained that if we use natural gas for vehicles, we'll need to liquify it, and if we export it, we'll still need liquifying equipment. Chart Industries, he said, wins both ways.

--Written by Scott Rutt in Washington, D.C.

To contact the writer of this article, click here: Scott Rutt.

Follow TheStreet on Twitter and become a fan on Facebook.

To submit a news tip, send an email to: tips@thestreet.com.

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

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

If you liked this article you might like

Analysts' Actions -- Comcast, Netflix, Nokia, Zillow and More

Insider Trading Alert - VOXX, NTCT And CFX Traded By Insiders

Finding Inspiration in Transition

Finding Inspiration in Transition

Colfax Corp.'s New CFO Has a Winning Record

Colfax Corp.'s New CFO Has a Winning Record

Analysts' Actions -- Applied Materials, Best Buy, Alphabet, Noble Energy and More