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Normally, when interest rates fall, that's a good thing. When gas prices are low, that's also usually a good thing. When the U.S. dollar is strong, that, too, is a good thing, at least for those traveling overseas. But in the current market environment, all of these things and more are cause for alarm.
Cramer explained that when interest rates fall too quickly, as they did Tuesday for U.S. Treasuries, that means investors are worried and there's a flight to safety. When oil prices fall, investors mistakenly think demand is weak and our economy is faltering. In the case of the strong U.S. dollar, it's only causing problems for companies like Royal Caribbean Cruises (RCL) , which fell over 15% after the company offered weak guidance due to currency pressures.
Add all of these negative undercurrents to the political uncertainty of a wild election year and Cramer said it's time to sit on the sidelines and wait for calmer seas.
Executive Decision: Shantanu Narayen
Narayen said Adobe is comprised of two businesses. It's best known for its creative software suite with applications including Photoshop and Premiere, but Adobe also has a big digital marketing business that is helping bring customers such as Under Armour (UA) , MasterCard (MA) and Starwood Hotels (HOT) into the digital age.
Narayen continued that after helping create the desktop publishing industry, Adobe has now successfully evolved into the mobile and cloud era. Everyone can be a creator on their mobile devices, he said, while the cloud helps make it all happen.
Cramer reiterated his support for owning Adobe, saying the stock should be bought on any weakness.
When the markets are in a panic, what's one stock that should be on everyone's shopping list to buy on the way down? Alphabet (GOOGL) , a stock Cramer owns for his charitable trust, Action Alerts PLUS.
The problem with growth stocks, Cramer explained, is they always seem expensive. Last July, Alphabet seemed expensive, trading at 17 times earnings. But since then, shares have rallied nearly 45% as the company proved the naysayers wrong once again. Alphabet delivered the perfect quarter, with accelerating revenue growth and lowered expenses.
Sometimes it's hard to champion growth stocks like Alphabet and Facebook (FB) , another Action Alerts PLUS holding, Cramer said, especially in an environment where other once-high-flying stocks like 3D Systems (DDD) and GoPro (GPRO) are dropping like stones. But in the case of Facebook and Alphabet, the companies have proven themselves worthy and their dominance is assured thanks to high barriers of entry for competitors.
Cramer said Alphabet is a stock investors can confidently buy into any market-induced weakness.
Off the Tape
In his "Off the Tape" segment, Cramer sat down with John Zimmer, president and co-founder of the privately held Lyft, the second-largest ride-sharing service behind Uber. Lyft currently operates in 190 cities across the nation.
Zimmer said for the first time ever, the percentage of 19 year olds with a driver's license has dipped below 70%. For this younger generation, he said, owning a car is seen as a burden, which is why services like Lyft are so valuable.
The cost of car ownership in America is over $2 trillion a year, Zimmer continued, yet most cars are utilized less than 4% of the time.
When asked about whether autonomous vehicles are in our future, Zimmer said it makes sense for autonomous cars to be owned and operated by services like Lyft, since they'll be utilized more than if they were owned by individuals.
Finally, when asked about the differences between Lyft and Uber, Zimmer said Lyft is focused only in the U.S. and has a culture that treats drivers better with features like tips and express payments.
Talking Apparel and Football
In a special interview, Cramer sat down with Chip Bergh, president and CEO of the privately held Levi Strauss, to talk about apparel, but also about Super Bowl 50, which will be held at Levi's Stadium in Santa Clara, Calif.
Bergh said the Super Bowl planning has been two years in the making and Levi's goal is to bring the experience to life for the 1.5 million visitors who will visit the city. He said Levi's is offering everything from free concerts to special National Football League merchandise all week to help engage fans.
Levi's Stadium is about a lot more than just naming rights, Bergh explained. He has been personally involved in the $220 million deal that will span 20 years. Being a part of the stadium and community has opened a lot of doors for Levi's, he said.
Turning to the apparel business, Bergh said the American consumer is not dead, and after a few difficult years Levi's is making its brands, which also includes Docker's, great again.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
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