Smith clarified that while it's always nice to have the tailwind of a robust housing market, Pier 1 doesn't need strong housing in order to prosper. Its remarkable turnaround began during the worst of the housing collapse and it's been nothing but success ever since. Smith noted that it only takes fractional gains in marketshare for Pier 1 to do extremely well.

Among the other positives at the company, its new customer loyalty and rewards program, which has been attracting tons of new customers, and Pier 1's new three-story flagship store in Manhattan.

Cramer said that he loves shopping at Pier 1 as well as investing in it.

Speculation Friday

For "Speculation Friday," Cramer highlighted Radware ( RDWR), a company he said is one of the few bright spots in technology during what would normally be a great time for the sector.

Cramer said shares of Radware received an 11% haircut when it last reported in July, thanks to in-line sales but cautious guidance. But that's to be expected, he said, as the company gets 32% of its sales from Europe, and we all know how things have been over there.

But at its core, Cramer said, Radware has a solid business. Nearly 75% of the company's sales come from what are known as application delivery controllers, in essence the hardware that takes data from server farms and parlays it out to millions of users.

Chief rival Cisco ( CSCO) has decided to exit this business, said Cramer, allowing Radware to pick up market share. The remaining portion of Radware's business is in cybersecurity, particularly attack mitigation systems that help companies recover from cyberattacks.

Cramer said with shares trading at 16.8 times earnings with a 16.5% growth rate, shares of Radware are inexpensive and its future is most certainly better than its past. The company has solid partners and a balance sheet with lots of cash on hand.

Lightning Round

Here's what Cramer had to say about callers' stocks during the "Lightning Round":

Franco-Nevada ( FNV): "This company has a very simply model and I think it's a winner."

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