NEW YORK (TheStreet) -- Viewers wanted to know if the deal with Iran would have an impact on the price of oil. According to Jim Cramer, "The Iran deal is built in" to the price of oil and "the issue here is demand," which he believes will pick up.
"Those that think that Iran is just going to be able to start pumping like mad don't understand the infrastructure," he said. "Iran is not going to be able to turn the spigot on."
He adds the price of oil is bottoming here and that supply will be down, although not dramatically.
On Netflix (NFLX - Get Report), Cramer said, said the company is "about subscriber sign-ups and no longer earnings." He thinks the sign-ups will remain robust but "more importantly, they have a terrific movie slate and that will drive people to sign up. This is a content play and people love their content."
As for Johnson & Johnson (JNJ - Get Report), Cramer said that his charitable portfolio, Action Alerts PLUS, owns it because the stock is inexpensive. "If they get the rest of the company right, it can go much higher," he said. He called the company's recent earnings report was a disappointment but won't be dumping the stock.
As for another long-term AAP holding, Apple (AAPL - Get Report) Cramer said that analysts were concerned about China, and "the same people who would be hurt by a bear market in China are the people who would not buy cellphones." He said if the Chinese market starts inching up and stabilizing, "Apple will be back." Cramer reiterated that you "own Apple, you don't trade it."