If you own stocks, you need to be worried every single day, Jim Cramer told his Mad Money viewers Thursday. In fact, if you're not at least a little worried, you can't call yourself a professional. But while preparing for the worst should always be a part of the game, it should certainly not be the entire game, even in an uncertain market.

Cramer admitted that there's a lot he's worried about in today's market. He's worried that the rising tensions with North Korea will have to get solved one way or another, and none of the options are positive for stocks. He's also worried about too much competition everywhere. When even Costco (COST) sinks on great numbers, that's worrisome.

Cramer said he's also worried about July 11th, which is Amazon (AMZN) Prime Day, a day that will likely rattle the retail sector… again. There's also reason to be concerned about the decline in dividend stocks like General Electric (GE) and Verizon (VZ) , as well as the slowdown in mergers and acquisitions.

Finally, Cramer said he's worried about Washington. With only 60 working days left for Congress this year, we're barely likely to have a budget, let alone real reforms or economic stimulus.

But Cramer was reminded that even when he started trading stocks, back when the Dow Jones Industrial Average sat at just 1,100 points, there was also a long list of worries. Since then, the market's done pretty well for itself.

What's In a Label?

This market's rally isn't just about flashy tech stocks, Cramer told viewers, as he highlighted Avery Dennison (AVY) the little known label and coatings maker with shares that are up 27% so far this year.

Not many people have ever heard of Avery Dennison, Cramer admitted, but the company derives 42% of its revenues from non-durable consumer goods, like the labels, tags and packaging. Avery also has lots of exciting businesses in the industrial and healthcare space, making everything from tamper-proof containers to heat resistant films and even wraps for buildings, autos and other places you might like to advertise products.

Avery is a slow and steady company, Cramer noted, delivering 4% to 5% sales growth and a solid 17% rise in earnings. The company is also hot on the acquisition trail, purchasing six companies recently, and it's shareholder friendly with a 2% divided yield and buyback program.

Despite all these positives, Avery shares still trade at just 17.7 times earnings, far less than rival 3M (MMM) at 22 times earnings. Cramer's bottom line, Avery Dennison has lots of upside.

Blue Apron Blues 

What the heck happened to the stock of Blue Apron (APRN) , the meal delivery disruptor that seemingly had everything going for it? Plenty, Cramer said.

For those not familiar with Blue Apron, the company offers a meal delivery subscription service that cuts out the grocery middleman and sends ready-to-cook ingredients and recipes right to your door. The IPO was eagerly anticipated between $15 and $17 a share, Cramer said, but then the price was slashed to an embarrassing $10 a share, only to see shares plummet 20% post-IPO to $8.06 today.

Cramer said the Blue Apron has a terrific concept, but the company waited too long to come public. It was only able to deliver 42% revenue growth last quarter, down from 133% a year ago. The company is also seeing declining gross margins as the law of large numbers slows its growth.

Making matters worse, Blue Apron now has a ton of competitors, not the least of which is Amazon, which bought Whole Foods Market (WFM) last month. With Amazon entering the grocery game in a big way, it's hard to justify paying up for Blue Apron.

That doesn't mean it's too late for all tech-related IPOs, Cramer concluded, but it is too late for anything grocery related.

Off The Tape 

In his "Off The Tape" segment, Cramer sat down with Jason Frishman, founder and CEO of the privately-held Netcapital, a company helping entrepreneurs raise capital and investors to invest in privately-held companies.

Frishman said that Netcapital allows anyone to invest in early-stage companies with as little as $100 or as much as $100,000. He said his company solves two problems, providing assess to early-stage companies and lowering the minimum investment.

Early-stage, privately-held companies are a risky asset class, Frishman admitted, but Netcapital allows investors to spread their money amongst multiple entities, helping to diversify that risk. Much of the return in companies like Uber will be made pre-IPO, Frishman said, and that's the market that Netcapital provides access to. 

Lightning Round

In the Lightning Round, Cramer was bullish on II-VI (IIVI) , AT&T (T) and Pepsico (PEP) .

Cramer was bearish on Halliburton (HAL) , JM Smucker (SJM) and Chicago Bridge & Iron (CBI) . 

No Huddle Offense 

In his "No Huddle Offense" segment, Cramer opined on this week's G-20 summit. By all accounts, it looks like Europe's economy is doing better than the U.S., and is about to take a sharp turn for the better.

That's because Europe's banks are finally on a solid footing. Sick banks can't make loans, Cramer said, and without loans, your economies can't grow. But now that Europe's banks are back, good things can begin to happen.

That's why Cramer said he's bullish on the euro and on European stock markets.

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At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long GE and PEP.

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