In the "Executive Decision" segment, Cramer sat down with Michael Minogue, chairman and CEO of Abiomed ( ABMD), a medical device maker that recently surprised Wall Street with a seven-cent-a-share earnings beat vs. estimates of a penny-a-share loss. Minogue displayed his company's Symphony product, which is the world's smallest heart pump and is able to provide between 2.5 and five liters of blood per minute. He said that for patients who have suffered a heart attack, a minimally invasive procedure can install the pump into the heart and help it rest and recover. This compares to the costlier, more invasive procedures on the market today which often lead to the need for a later heart transplant. Minogue went on further to noted that Abiomed is now in 605 hospitals, has over 7,000 patients and 72 patents, along with $70 million in cash and no debt. He said new clinical data on Abiomed's devices will be coming soon and the company is still in the early phases of a major rollout of its devices. Cramer said that Abiomed is a compelling story, but cautioned investors that the company is small and should be viewed as a speculative investment.
Cramer was bullish on Cedar Fair ( FUN), Paychex ( PAYX), Oneok ( OKE), Carrizo Oil & Gas ( CRZO), EOG Resources ( EOG) and Take-Two Interactive ( TTWO). Cramer was bearish on IntraLinks Holdings ( IL).
In his "No Huddle Offense" segment, Cramer said "buyer beware" when it comes to the pending IPO for Caesar's Entertainment. He said the details of this IPO have shown that only a tiny sliver of the available shares are being offering in this IPO, leaving investors at risk as a flood of secondary offerings are likely to follow. Cramer said the regulators can do little to protect investors from this kind of misleading deal. He said the IPO is sure to generate excitement and the sliver of shares likely to pop and draw in investors. But Cramer said it seems wrong to offer stock in this manner, knowing they will be devalued in the future as the bulk of remaining shares comes to market. "Stick with clean companies that have crystal clean balance sheets," Cramer concluded. --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: email@example.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. For more of Cramer's insights during the Lightning Round, click here .