Cramer's 'Mad Money' Recap: Don't Give Up on the Market

But while Mattel is the better investment, Cramer said the stock has also had a big run and currently trades just off its 52-week high. He told viewers that Mattel should only be bought on a pullback.

Lightning Round

Here's what Cramer had to say about callers' stocks during the "Lightning Round":

Ford Motor(F) : "This is one tough stock to own."

Pitney Bowes(PBI) : "There's just nothing good happening there."

Costco(COST) : "It's had an amazing run. I don't mind taking it off the table."

Kirby(KEX) : "It was a great trade but it's similar to many oil and gas stocks. The turn hasn't happened yet."

Tesla Motors(TSLA) : "No. It's very expensive. I have enough problems with blue-chip stocks. I can't afford to speculate."

Travelzoo(TZOO) : "No. All these stocks are really high and this is the last one of the group I'd like to own."

Executive Decision

In the "Executive Decision" segment, Cramer sat down with David Wenner, president and CEO of B&G Foods(BGS) , a company that delivered an earnings beat of 2 cents a share on lighter than expected revenue. Shares of B&G currently yield 3.9%.

Wenner said B&G's conservative guidance during its conference call came from the fact that no one is really sure what's going on with the American consumer. He said the packaged-food business has been soft for three quarters in a row, leaving the industry to ask, "Where are the consumers and what are they eating?"

However, given the overall weakness, Wenner said he's humbled that B&G is seeing half the declines of other competitors, and the company continues to innovate and build its business. "I'm happy with what we've done," said Wenner.

Part of B&G's success has been its Ortega line of Mexican food products. Wenner noted that making tacos at home is a better value than going out and it's something that kids like to eat. Consumers took full advantage of a recent coupon offer, confirming that they're looking for value at every turn.

Finally, when asked about acquisitions, Wenner said that B&G is ready for another acquisition, both financially and organizationally. He said B&G's recent acquisition of Mrs. Dash and the Static Guard brands are now fully integrated and he's looking forward to what comes next.

Cramer said B&G has an excellent track record, a great dividend and some growth, everything he's looking for in a tough market.

No Huddle Offense