He believes the deal will work and that Charter is a very smart company. At this level, Cramer says, investors would be buying Charter underneath where some hedge funds are getting it, so he believes it's a buy.
On the other hand, he says he recommends ringing the register and taking some profits in Time Warner Cable. Even though he believes Time Warner Cable will likely go higher as well, Cramer's method is to take profits in the company that's being acquired and own the acquirer itself.
On the retail front, Cramer said both Michael Kors (KORS) and Abercrombie & Fitch (ANF) have been in downtrends. He maintains that the only apparel company he's currently interested in is VF Corp. (VFC).
On airlines, Cramer thinks additional cuts are likely American Airlines (AAL), and as long as that's the case, he won't call a low. As for 3-D printing stocks, he's staying away from the group altogether.