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NEW YORK ( TheStreet) -- You can't deny the evidence: Things are looking pretty positive for the markets, Jim Cramer told his Mad Money viewers Thursday. Cramer said just about everything he's seeing coming out of Europe and the U.S. is positive, and that makes him a happy camper.

Staying negative in this market is getting tough, Cramer told viewers. Even in Europe, bond rates are amazingly low, Cramer said, and that makes U.S. stocks that pay dividends all the more attractive. Consumer confidence is also up in the EuroZone and with with today's two big mergers, things are starting to look up for European investors.

Back here in the U.S., there's also a lot to like, with Salesforce.com (CRM - Get Report) receiving numerous upgrades after its strong quarter. Other growth names like Zillow (Z - Get Report) , Yelp (YELP - Get Report) and LinkedIn (LNKD) also ended the day higher.

Cramer was also impressed by the results from Splunk (SPLK - Get Report) , Ross Stores (ROST - Get Report) and Monster Beverage (MNST - Get Report) .

There were certainly some disappoints on the day, mainly Popeye's Louisiana Kitchen (PLKI) , down 9%, and Blackhawk (HAWK) , down 10%, but Cramer said even these stocks won't likely stay down for long.

Executive Decision: Alan McKim

For his "Executive Decision" segment, Cramer welcomed back Alan McKim, chairman and CEO of Clean Harbors (CLH - Get Report) , the environmental cleanup company that posted a 14-cents-a-share earnings beat, sending share higher by 1.7%.

McKim attributed Clean Harbors' strong results to both improvements in the U.S. economy and his company's continued penetration into the oil and gas industry. He said even with drilling activity slowing down, Clean Harbors is still seeing good volumes from existing rigs.

When asked about the oil and gas side of its business, which Clean Harbors plans to spin off later this year, McKim said that segment has great growth potential and solid margins and will have a great future as a separate entity.

Cramer said he's still behind McKim and the new Clean Harbors because the company's business remains on track.

Oil Companies Still Make Money

Wasn't the dramatic decline in oil prices supposed to destroy the U.S. oil industry, taking a big chunk of the U.S. economy with it? That's what the "experts" have warned. But with oil entering its fifth month of declines, the oil industry still seems to be doing OK, and we haven't seen any negative ripple effects.

Cramer said the fact of the matter is that while oil company profits are down, many of them are still making money and still have the borrowing capacity to weather the storm for a good while longer. Sure, if oil prices stay dramatically low though 2016 there will be some fallout, Cramer admitted, but until then it really hasn't been that bad.

Cramer said that drillers like Noble Energy (NBL - Get Report) , down 5% today, and Newfield Exploration (NFX) , down 6.6%, are bad stocks, they certainly are not bankrupt companies.

In fact, the worst that has happened has been Ensco (ESV) , which was forced to cut its dividend by 80%, sending shares down a quick 8%.

Cramer said maybe, just maybe, things won't be as bad as many have predicted.

Executive Decision: Faheem Hasnain

In his second "Executive Decision" segment, Cramer sat down with Faheem Hasnain, president and CEO of Receptos (RCPT) , a stock that has soared in recent months on the promise of its inflammatory bowel disease (IBD) and multiple sclerosis (MS) treatment, currently under development.

Hasnain said Receptos has seen a very strong reception from key opinion leaders about its IBD treatment, which is shaping up to have "best in class" potential. He noted that the data thus far have been very positive, far better than the long-term use of steroids, which has many safety concerns.

Hasnain continued that while Receptos is best known for its MS drug, currently in Phase III testing, the market is just as large, if not larger, for IBD, which includes ulcerative colitis and Crohn's disease.

Cramer said Receptos is one of the greatest-performing stocks of his lifetime and certainly one of the most exciting speculative companies out there.

Lightning Round

In the Lightning Round, Cramer was bullish on Cypress Semiconductor (CY) , Restoration Hardware (RH) , VeriFone (PAY) , Kroger (KR) , Whole Foods Markets (WFM) , Qorvo (QRVO) , Triquint Semiconductor (TQNT) , Skyworks Solutions (SWKS) , TriNet Group (TNET) and 3M (MMM) .

Cramer was bearish on Arrowhead Research (ARWR) , EPAM Systems (EPAM) , GoPro (GPRO) and Encana (ECA) .

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 Walt Disney (DIS - Get Report) , Apple (AAPL - Get Report) , Starbucks (SBUX - Get Report) , Whole Foods Market (WFM) and Facebook (FB - Get Report) .

Cramer said this portfolio was perfect as it was.

The second portfolio's top holdings included JPMorgan Chase (JPM - Get Report) , Verizon (VZ - Get Report) , Merck (MRK - Get Report) , Duke Energy (DUK - Get Report) and Applied Materials (AMAT - Get Report) .

Cramer also blessed this portfolio as properly diversified.

The third portfolio had BP (BP - Get Report) , Bristol-Myers Squibb (BMY - Get Report) , Chevron (CVX - Get Report) , Integrys Energy (TEG) and Johnson & Johnson (JNJ - Get Report) as its top five stocks.

Cramer identified two pairs and suggested selling Bristol and BP and adding United Technologies (UTX - Get Report) and Unitedhealth Group (UNH - 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.

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