Cramer Remix: Starbucks' loss is your gain

Starbucks (NASDAQ: SBUX) was downgraded on Tuesday, but that doesn't mean Jim Cramer is ready to take a break from the stock.

Deutsche Bank downgraded the stock over concerns about challenging comparable sales numbers. Cramer interpreted that as meaning the company did really well this time last year, and it could now have a stretched valuation versus the growth rate.

Cramer never likes to see a downgrade of a stock, especially one like Starbucks that has a position in his charitable trust. However, he understood the downgrade. The stock had run up to $61 in the past year, and it just changed the parameters of its loyalty program, which could create negative backlash.

"Just like Facebook (NASDAQ: FB) and Apple (NASDAQ: AAPL), I think Starbucks represents a terrific long-term opportunity," Cramer said.

Cramer refused to be negative about the stock market. On Monday, he went down the list of companies creating leadership in various sectors, and noted that it would soon spread to others.

He just didn't count on it happening so soon.

Oil broke above $40 on Tuesday in anticipation of an OPEC meeting on the weekend, which lifted averages.

"That just might spell the end of the downward spiral in the group, something that could lift all boats, even if that idea seems counterintuitive," the "Mad Money" host said.

Read More Cramer: This could end oil's downward spiral

Big internet stocks also took a nasty dip earlier in the year and have come roaring back. Many investors have asked Cramer if they have missed the move in Facebook and Alphabet.

To gain further insight on the technical, Cramer spoke with Suz Smith of Strategic Portfolio Solutions, who is also the co-founder of ExplosiveOptions.bet and Cramer's colleague at RealMoney.com.

Looking at the charts, Smith found that both Facebook and Alphabet are in good shape, while Baidu (NASDAQ: BIDU) and Expedia (NASDAQ: EXPE) need to move up a bit more.

"I am attracted to them all, but the trust only owns Facebook and Alphabet, and I'll stick with those recommendations for the long-term, not short-term, capital appreciation," Cramer said.

After a year and a half of being in the doghouse, the American steel industry has finally bounced back. With stocks like Nucor (NYSE: NUE) and Steel Dynamics (NASDAQ: STLD) on fire, Jim Cramer decided to take a closer look to determine if the rebound in steel is real.

The steel group reached a multi-year high in 2014, but then quickly fell off a cliff until the end of last year. The declines stemmed from many marginal buyers of steel — namely emerging market countries such as Brazil and China — suffering from an economic slowdown.

A major game changer came forward about a month and a half ago when the Obama administration attempted to stop the flood of cheap Chinese steel. In early February, Congress passed the new customs and trade enforcement bill, which gave the president authority to take action against China's dumping of state-subsidized goods.

On March 1, the commerce department announced it would add import duties on cold-rolled steel from seven countries, including China.

"Call that protectionist if you want to, I say it is smart policy and one of the most pro-business things President Obama has done since taking office," Cramer said.

Read More Cramer: Obama just changed the game for steel

For those investors looking to beat the S&P 500 (INDEX: .SPX), Glassdoor could have the answer.

Glassdoor is the rapidly growing privately held online job and recruiting marketplace. Its goal is to help people find jobs they love, while creating transparency surrounding topics like salaries.

On National Equal Pay day Tuesday, Jim Cramer spoke with Glassdoor's co-founder and CEO Robert Hohman.

"I think where you go to work is probably one of the most important decisions that you will make. When people make a bad decision, it is bad for them. When companies make a bad decision, it is really expensive for companies," Hohman said, "People make bad decisions all the time because there is not enough information and data to help make better decisions."

Read More Satisfied employees help to beat the S&P: CEO

In the Lightning Round, Cramer gave his take on a few caller favorite stocks:

Sirius XM: "I've liked this because it's a play on both new and used cars. That's how you have to look at it. It's on car sales. That's why Sirius satellite is a buy."

Walgreens Boots Alliance: "Yes, I think that Walgreens is such a buy at $81 ... I figure if the Rite-Aid deal goes away, the stock goes up. If they close the deal, the stock goes up. I like those situations."

Read More Lightning Round: It's a win-win situation for you

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