Political risk is not the same as systemic risk, Jim Cramer reminded his Mad Money viewers Thursday, as he sought to ease the fears of some investors who can't take the market's volatility.

Sure, President Trump is a stock-market wild card, Cramer admitted, but that doesn't mean that there aren't stocks that can trump Trump.

Cramer said back in 2008 that there was, then, real systemic risk to the market -- and that's why he urged investors to get out of stocks.

But today, the economy is not on the brink of collapse; it's doing fine. A few tweets from Trump may derail stocks momentarily, but overall, the trend is still positive.

Investors can still make money buying the stocks of high quality companies when the market makes them cheaper than they should be.

Cramer said trends like the Internet of things and the humanization of pets are alive and well, and days like today are the perfect time to buy the likes of Facebook (FB) , an Action Alerts PLUS holding, and Amazon.com (AMZN)  -- both of which closed lower today.

Executive Decision: Snap-On

In his first "Executive Decision" segment, Cramer again sat down with Nick Pinchuk, chairman and CEO of Snap-On (SNA) , the toolmaker that just posted a six-cents-a-share earnings beat on a 4.5% increase in revenue and expanding gross margins. Shares fell by by 7.3%, but Cramer said not to worry, as this stock has a history of profit-taking after earnings.

Pinchuk said he was encouraged by Snap-On's results this quarter, noting that his company's diagnostic business saw double-digit growth and its new thermal imager remains sold out.

While Snap-On saw growth in its military and power generation markets, it saw declines in aerospace and oil, but on balance was higher for the quarter. Pinchuk noted that their earnings per share grew despite five cents a share in currency headwinds.

When asked what the Trump administration could do to help Snap-On, Pinchuk said that Snap-On is 100% American made and any deregulation could help small repair shops thrive again.

Cramer said the market just gave investors an opportunity in Snap-On and they should take it.

Facebook: Good model, cheap stock 

There are very few companies with terrific business models that have cheap stocks, Cramer told viewers, and Facebook is one of them.

Cramer said Facebook has perhaps the best business model he's ever seen, one that's beloved by customers, practically addictive, cheap to produce and has no competition.

Producing content is a tough business, but at Facebook, the users provide the content, for free, and advertisers can't get enough.

Yet Facebook trades at just 19 times earnings. If shares traded at just half the company's growth rate, that would put it at $175 a share.

Why isn't Facebook getting a premium valuation? Cramer said it's because some fear that the business model is not sustainable, or costs are too high or they simply don't trust management. But Cramer argued that Facebook's management includes some of the smartest people around and spending for the future is exactly how you create a sustainable model.

Executive Decision: International Paper 

In his second "Executive Decision" segment, Cramer spoke with Mark Sutton, chairman and CEO of International Paper (IP) , which just posted a two-cents-a-share earnings beat.

Sutton admitted that they had to reset expectations this quarter, due in part to rising costs and price increases that are only just now taking effect. He said overall, International Paper does well when the U.S. economy does well and it looks like the economy is beginning to grow.

When asked about those rising costs, Sutton explained that they saw an uptick in natural gas prices but also an increase in recovered fibers. He noted that 90% of all boxes in the U.S. get recycled and the cost for that material rose due to increased demand from China.

As for his company's overall business, Sutton said that fiber materials offer a lot of convenience and are a renewable product that helps generate some of its own energy. Cramer called today's weakness another opportunity for investors.

Lightning Round

In the Lightning Round, Cramer was bullish on Dominion Resources (D) , Xilinx (XLNX) and Titan International (TWI) .

Cramer was bearish on California Resources (CRC) .

Read Cramer's comments on all the stocks in the Lightning Round.

Executive Decision: Wingstop 

In his third and final "Executive Decision" segment, Cramer also checked in with Charlie Morrison, president and CEO of Wingstop (WING) , the restaurant chain with more than 1,000 locations.

Morrison said Wingstop's success stems from its terrific unit-level economics. The company is 98% franchised and franchisees are seeing a great return on their investment for stores that average just 1,700 square feet. That's why the company now aims for 2,500 locations across the nation.

With 75% of Wingstop's business being takeout, Morrison said that they're also embracing new technology, like Amazon's Echo for voice ordering. He said customers can order from the entire Wingstop menu by talking to Alexa, which is considerably more powerful than just repeating a previous order.

Wingstop also caters to shareholders, averaging a special dividend every five quarters.

So what's the Fed worried about? Cramer is telling his investment club members about the likelihood of the Fed raising short-term interest rates in March. And, Cramer is taking a close look at Magellan Midstream (MMP) earnings. You need a free subscription to Action Alerts PLUS.

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At the time of publication, Cramer's Action Alerts PLUS had positions in MMP and FB.

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