Sometimes, investors get it wrong, Jim Cramer told his Mad Money viewers Thursday. Fortunately, as long as investors keep getting it wrong, there will be opportunities for the rest of us.

Today's session was full of breathtaking moves caused by fundamental misunderstanding about what's really going on. Case in point, Best Buy (BBY) , which rocketed up 21.4% on a monster 20-cent-a-share earnings beat that no one saw coming. Cramer said Best Buy has always been about new product cycles, and this quarter saw a new gaming cycle with release of the Nintendo Switch, along with the growth of competitive video gaming and advances in the connected home. He continued to recommend Nvidia (NVDA) and Take-Two Interactive (TTWO) as well.

Then there's oil, where the OPEC cartel acts less and less like a cartel every day. As OPEC struggled to sustain oil prices, crude saw a massive sell off.

Investors also continue to miss shoppers' insatiable appetite for bargains, with Dollar Tree (DLTR) , Burlington Stores (BURL) , and Costco (COST) all rising today. The same holds true for Netflix (NFLX) , a stock investors always underestimate, and the defense stocks, which also continue to roar higher.

On a call with his AAP investment club members, Cramer spotlighted four oil plays he says are his favorites. Get in on the conversation with a free trial subscription to Action Alerts PLUS.

Executive Decision: Logitech

For his "Executive Decision" segment, Cramer once again welcomed Bracken Darrell, president and CEO of Logitech Int'l (LOGI) , the computer and video game accessory maker with shares that are up 50% since Cramer last spoke to Darrell in November 2016.

Darrell said that Logitech is an active participant in the eSports and competitive gaming movement that is becoming a global phenomenon. He said the numbers are staggering for eSports and Logitech is well placed to take advantage, providing gaming keyboards, headsets and other accessories

Video conferencing is another area where Logitech is seeing growth. Darrell said people are increasingly working from wherever they are and video calls are just as prominent as audio ones, especially for younger workers.

Darrell showed off some of Logitech's newest video conferencing cameras as well as a new floating Bluetooth speaker that's also waterproof, making it perfect for pools and other water activities.

H-P Getting Its Groove Back

Is there a pulse at H-P (HPQ) , the computer and printer component of the old Hewlett-Packard? Cramer said its been years since H-P was spun off, but the company may finally be getting its groove back.

Indeed, H-P reported solid 7% growth this quarter, citing strong momentum in PCs in every region they serve. H-P was even able to reclaim the crown of the world's largest computer maker this quarter with over 21% marketshare.

H-P is about a lot more than just PCs however, as Cramer noted the company's new Sprocket photo printer helps a whole new generation liberate their photos from their smartphones and enjoy them the old-fashioned way, on paper.

Add to all of that the company's solid reputation of returning capital to shareholders via dividends and share repurchases and it's clear H-P deserves a second look, according to Cramer. The company was supposed to be saved by the 3D printing revolution, Cramer concluded, but instead, the company saved itself.

Executive Decision 2: New Relic

In his second "Executive Decision" segment, Cramer sat down with Lew Cirne, founder and CEO of New Relic (NEWR) , a cloud computing purveyor with shares that are up 55% so far this year.

Cirne said with more and more businesses moving to the cloud, the ability to be able to monitor that infrastructure is becoming increasingly important. He said an outage can cost millions of dollars and New Relic helps companies spot problems before they even become an outage.

When asked about growth, Cirne said the economy is still in the early stages of the digital transformation. He said smaller companies adopted the cloud first, but now enterprises are joining in. They can take years to make the journey. New Relic currently has over 15,000 customers in 101 countries.

New Relic is about more than just monitoring however, as Cirne noted that airlines like Ryanair (RYAAY) can watch their bookings in realtime to gain insights and analysis that they didn't have before.

Lightning Round 

In the Lightning Round, Cramer was bullish on:

Dover Corp (DOV) , PVH Corp (PVH) , Twilio (TWLO) and Berkshire Hathaway (BRK.B) .

Cramer was bearish on:

Ionis Pharmaceuticals (IONS) , G-III Apparel Group (GIII) , CVR Energy (CVI) and VF Corp (VFC) .

Off The Tape: Ziosk

In his "Off The Tape" segment, Cramer sat down with Austen Mulinder, president and CEO of the privately-held Ziosk, makers of on-table devices for restaurants that allow diners to order, pay their bill and most importantly, entertain their children while they eat.

Mulinder said that Ziosk continues to grow and now has over 3,000 locations using their technology including Darden Restaurants (DRI) and Brinker (EAT) .

Ziosk acts as a partner for servers, Mulinder said, and helps them give the best possible experience. Guests can place orders that are more accurate and when they want to leave, they don't need to wait around, they can pay at the table and go. On average tips are higher with Ziosk, especially given that volume and throughput is increased when guests order themselves.

Ziosk is now going big, Mulinder added, introducing new terminals that support chip credit and debit cards and also supports non-dining experiences. 

This article is being updated. Please refresh for the latest version.

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.

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