TheStreet is providing FREE access to Jim Cramer’s charitable trust (Action Alerts PLUS) and his premium articles on Real Money this weekend. Please register here.

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

NEW YORK ( TheStreet) -- The markets have been struggling to find their footing in 2015, Jim Cramer told his Mad Money viewers Wednesday. But for those investors willing to take a longer-term view, things have never looked better.

Admittedly, the markets are still spooked over falling oil prices, Cramer told viewers, but while the high-frequency traders are selling the entire S&P 500, as an individual investor you don't have to follow suit.

Cramer said the oil drillers deserve to go lower as oil prices fall and the banks deserve to go lower as they make less money in an ultra-low environment -- but those sectors only make up 25% of the overall market.

What about the other 75%? Cramer said if it's domestic, it's a winner, and that means everything from restaurants to retail to rails to supermarkets and a whole lot more. Procter & Gamble (PG - Get Report) shares have fallen far enough where they're now attractive, Cramer said. Same with Boeing (BA - Get Report) , which continues to sell every plane it can make.

Sure, it's tough to remain positive when the averages are plummeting, Cramer concluded, but with everything from gasoline to heating bills to mortgage rates falling weekly, how can you not be positive?

A Tale of Two Tech Stocks

When you're shopping for tech stocks, you want something that's proprietary, not a commodity, Cramer told viewers. To illustrate, he compared component makers SanDisk (SNDK) and Skyworks Solutions (SWKS - Get Report) .

On the surface these two stocks may look the same -- after all, both companies have parts in the iPhone. However, SanDisk shares plummeted 14% after the company pre-anonunced a weak quarter, then fell again when the company reported.

Cramer explained that SanDisk makes commodity memory chips. Despite its recent weakness, there are still 26 analysts rating it a buy, 10 rating it a hold and only one with a sell recommendation. Not only is SanDisk getting crushed on sales and margins, the company is also falling behind on the next generation of memory chips from the likes of Micron Technology (MU - Get Report) and Samsung (SSNLF) .

Compare that to Skyworks, a company that make proprietary communications chips. Skyworks is not only growing, it's taking market share and expanding its margins. The company last reported a double-digit rise in revenue, yet shares still trade at just 16.9 times earnings while SanDisk trades just below it at 15 times earnings.

Cramer said it's clear to see why Skyworks is the company to own and SanDisk is a company to avoid.

In Apple Cramer Trusts

Cramer said he's sick and tired of defending what has undoubtedly become the greatest company of all time, Apple (AAPL - Get Report) , a stock Cramer owns for his charitable trust, Action Alerts PLUS.

As if a record-shattering quarter where the company sold 74 million iPhones wasn't enough, the haters, doubters and skeptics continue to question Apple. These people doubted the iPod, then the iPhone, panned the iPad, then ApplePay and now the Apple Watch.

Why can't investors just give Apple the benefit of the doubt? If CEO Tim Cook says 2015 will be the "year of ApplePay," you better believe him, Cramer said. If he says that he can't live without his Apple Watch, there's a good chance you won't be able to either.

Have some faith, Cramer concluded. "Own, don't trade. Period. End of story."

Executive Decision: Nick Akins

For his "Executive Decision" segment, Cramer spoke with Nick Akins, chairman, president and CEO of American Electric Power (AEP) , a utility with a 3.3% yield and shares that have risen 24% since Cramer last spoke to Akin eight months ago.

Despite posting earnings that did not beat expectations, Akins painted a positive picture for his company, saying it operates in areas with a diversified industrial base that acts as a natural hedge against any sluggishness in the oil and energy sectors.

Overall, AEP saw usage growth of 3.1% in the most recent quarter in a health, robust mix of areas, Akins said. Construction is up, job creation is up and things are only getting stronger, he added. All this at a time when fuel costs continue to decline.

With coal and natural gas competing to be the lowest cost fuel, it's a great time to be a utility, he added.

Cramer said AEP continues to do a great job delivering both safety and yield. He expects they will only continue to deliver.

Lightning Round

In the Lightning Round, Cramer was bullish on General Mills (GIS - Get Report) , M&T Bank (MTB - Get Report) , Isis Pharmaceuticals (ISIS) , Nordstrom (JWN - Get Report) and McDonald's (MCD - Get Report) .

Cramer was bearish on Zulily (ZU) .

Am I Diversified?

In the "Am I Diversified?" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets.

The first portfolio included Public Storage (PSA - Get Report) , Public Service Enterprise Group (PEG - Get Report) , Discover Financial (DFS - Get Report) , Phillip Morris International (PM - Get Report) and BP (BP - Get Report) .

Cramer said he's not a fan of BP or Discover and prefers Chevron (CVX - Get Report) and KeyCorp (KEY - Get Report) , but otherwise this portfolio is diversified.

The second portfolio's top holdings included Apple, Under Armour (UA - Get Report) , Gilead Sciences (GILD - Get Report) , Facebook (FB - Get Report) and Starbucks (SBUX - Get Report) .

Cramer said this portfolio needs an industrial stock like Boeing to replace one of its two tech names.

The third portfolio had 3M (MMM - Get Report) , Microsoft (MSFT - Get Report) , Alibaba (BABA - Get Report) , MGM Resorts (MGM - Get Report) and Celgene (CELG - Get Report) as its top five stocks.

Cramer blessed this portfolio as properly diversified.

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

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

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

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, FB, MCD, MSFT and SBUX.