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NEW YORK ( TheStreet) -- Lots of investors are worried about Europe, Jim Cramer told his Mad Money viewers Wednesday. But that's a good thing -- if they're worried, you don't have to be.

There are only two outcomes in the standoff between Greece and Germany, Cramer explained. Either the two nations work out their differences or they don't. If they do, stocks will rally. If they don't, the worst-case scenario would be a quick 3% to 5% pullback in the markets, followed by a gigantic relief rally.

Why isn't Cramer worried about this so-called "disaster scenario?" He said it's because Greece is a "known event," something that's already largely priced into the markets. When it gets resolved, good or bad, a relief rally will almost certainly follow.

When that occurs, Cramer said investors will be clamoring for the stocks of well-run companies including Pepsico (PEP - Get Report) , which rallied over 2.4% today on strong sales. They'll also look towards Zoetis (ZTS - Get Report) , up 4.2% today, because people care for their animals no matter what happens in Greece.

Things will continue to look bright for Charles River Labs (CRL - Get Report) and Rite Aid (RAD - Get Report) , two more names that closed higher. Cramer said it's no accident that Apple (AAPL - Get Report) , a stock he owns for his charitable trust, Action Alerts PLUS, crossed above a $700 billion market cap, or that Chipotle Mexican Grill (CMG - Get Report) is coming back to life.

There are plenty of opportunities out there, Cramer concluded. Investors just need to be ready to snap them up on any European-induced weakness.

Executive Decision: John Chambers

For his "Executive Decision" segment, Cramer spoke with John Chambers, chairman and CEO of Action Alerts PLUS holding Cisco Systems (CSCO - Get Report) , the networking equipment maker that today posted a 2-cents-a-share earnings beat on a 7% rise in revenue and a dividend boost, all news that sent shares higher by 5%.

Chambers said that Cisco is no longer in the business of just selling routers and switches -- it sells "business outcomes" that companies are embracing around the globe. He said sales in Europe are rebounding as countries there are moving faster than the U.S. to embrace new technologies.

Chambers said Europe, China and India all "get it" and understand that digitizing their world creates jobs, growth and opportunities. Meanwhile, the U.S. has fallen behind and is now lagging the rest of the world.

In nearly every segment Cisco is seeing gains, from routing and switching to data centers, wireless and collaboration, Chambers continued. Companies today want mobility, video and cloud, and Cisco offers solutions for all three.

Cramer said Cisco is a stock that's clearly heading higher.

What the CEO Knows

"Sometimes, a stock is worth a lot more than you think," Cramer told viewers. Sometimes a company's CEO knows it but other times they don't.

In the case of Apple, Cramer said CEO Tim Cook clearly know it because Apple is borrowing huge sums of money to buy back a ton of their own shares. Skeptics argue that Apple's market cap, which now bigger than Google (GOOGL - Get Report) and Microsoft (MSFT - Get Report) , two more Action Alerts PLUS names, combined is simply too high. But Cramer argued Apple is clearly doing better than Google and Microsoft combined.

But then there's a company like General Motors (GM - Get Report) , also in the Action Alerts PLUS portfolio. Cramer said that CEO Mary Barra isn't being aggressive enough with GM's capital and should be following Apple's lead and buying back shares as fast as she can. GM has a lot of positives going for it, Cramer concluded, and GM shares are clearly worth a lot more than they trade for today.

Executive Decision: Stanley Bergman

In his second "Executive Decision" segment, Cramer sat down with Stanley Bergman, chairman and CEO of Henry Schein (HSIC - Get Report) , which today posted a 6-cents-a-share earnings beat while reaffirming its full-year guidance. Shares of Henry Schein are up 9.5% since Cramer last checked in just three months ago.

Bergman called the initial dip in his company's shares after the company reported an overreaction to just one part of the dental supply business. He reiterated that every segment of his company is growing better than expected.

Bergman noted that Schein's animal health business continues to be driven by the growing middle class around the globe having more pets, while vaccines continue to be extremely important in keeping people safe against diseases like polio, measles and the flu.

When asked about the importance of protection against diseases, Bergman said the U.S. is not ready for a true pandemic and got lucky when it came to Ebola and SARS. He said our country needs a better plan, with government and the private sector working together to stop such outbreaks at the border.

Cramer called Henry Schein a "must own" stock for every portfolio.

Lightning Round

In the Lightning Round, Cramer was bullish on HomeAway (AWAY) , BB&T Bank (BBT - Get Report) , KeyCorp (KEY - Get Report) , SunTrust Banks (STI - Get Report) , Acadia Healthcare (ACHC - Get Report) , Time Warner (TWX) , Boeing (BA - Get Report) , Energy Transfer Partners (ETP) , Kinder Morgan (KMI - Get Report) , Skyworks Solutions (SWKS - Get Report) , Cypress Semiconductor (CY - Get Report) , Amgen (AMGN - Get Report) , Celgene (CELG - Get Report) , Regeneron Pharmaceuticals (REGN - Get Report) and Affymetrix (AFFX) .

Cramer was bearish on Quanta Services (PWR - Get Report) , Viacom (VIAB - Get Report) and Freescale Semiconductor (FSL) .

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 Bank of America (BAC - Get Report) , Under Armour (UA - Get Report) , Halliburton (HAL - Get Report) , Gilead Sciences (GILD - Get Report) and Facebook (FB - Get Report) .

Cramer called this portfolio "perfection."

The second portfolio's top holdings included Alcoa (AA - Get Report) , General Electric (GE - Get Report) , Flextronics (FLEX - Get Report) , Agios Pharmaceuticals (AGIO - Get Report) and Xilinx (XLYX) .

Cramer said this portfolio can't have two semiconductors and advised selling Xilinx and adding American Electric Power (AEP - Get Report) to get some yield.

The third portfolio had General Electric, Amgen (AMGN - Get Report) , Hewlett-Packard (HPQ - Get Report) , Pfizer (PFE - Get Report) and Qualys (QLYS - Get Report) as its top five stocks.

Cramer advised selling Qualys and once again adding American Electric for some yield.

The fourth portfolio's top stocks were Pepsico, Colgate-Palmolive (CL - Get Report) , Intel (INTC - Get Report) , Apple and Exxon Mobil (XOM - Get Report) .

Cramer said this portfolio can't have both Apple and Intel. He suggested selling Intel in favor of Bristol-Myers Squibb (BMY - Get Report) .

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

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

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

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, CSCO, FB, KMI and STI.