Cramer said he's also not giving up on two other Action Alerts PLUS names, Xilinx (XLNX) and Celgene (CELG), both of which were down sharply in the day's session as investors were looking for perfection but didn't get everything on their wish lists.

Executive Decision: Martin Anstice

For his "Executive Decision" segment, Cramer dove into the amazing quarter posted by Lam Research by speaking to Martin Anstice, the company's president and CEO. Lam just posted an eight-cents-a-share earnings beat on record revenue and offering analysts bullish guidance to boot, sending shares up over 11.5%.

Anstice said he's very pleased with the results just posted because they stem from three years of hard work and planning. He said Lam's goal has been to outperform the industry and that's what it is now able to do.

When asked how the company achieves its success, Anstice explained that in order to take share in their business a company must integrate both hardware and software to deliver solutions that are far better than everyone else. We all want cheaper products with better performance and better battery life, he continued, and that comes from better chips for both memory and logic. Lam offers the equipment and solutions to make that happen.

Cramer said even with the huge move in Lam shares today, he still feels the stock is far too cheap.

Executive Decision: Frank Slootman

In his second "Executive Decision" segment, Cramer also spoke with Frank Slootman, president and CEO of ServiceNow (NOW), the cloud-based software-as-a-service provider that just posted an eight-cents-a-share loss on better than expected revenue that were up 64% year over year. That news sent shares down over 6%. ServiceNow is also an Action Alerts PLUS holding.

Slootman explained that ServiceNow provides enterprises with modern service management systems that replace legacy systems that are often 10 to 15 years old. He said every IT department has a need for the types of systems that ServiceNow offers.

When asked about the poor investor reaction to its earnings, Slootman said that when the company had its IPO two years ago it laid out a plan to build a multibillion-dollar company, which is why it remains focused on top-line growth and not bottom-line earnings. He said in the end the share price will "work itself out" over time.

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