Cramer Remix: Why anyone would want to buy Twitter

Move over FANG, Jim Cramer has officially crowned FAAA as the new acronym for red-hot growth plays in the market.

Cramer created the acronym FANG for Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google, now under the parent name of Alphabet (GOOGL). The new abbreviation of FAAA represents Facebook, Alibaba (BABA), Alphabet and Amazon.

"We have to talk about how these FAAA stocks got their groove back in order to figure out what it means for them going forward as we head into the fourth quarter," the " Mad Money " host said.

On Tuesday, JPMorgan (JPM) raised its 2017 year-end price targets for FANG stocks, noting that investors have returned to the group in search of growth. While many investors may question why they should care about 2017 year-end targets when it's not even the end of 2016 yet, Cramer clarified why it's important for those seeking growth.

"Real growth investors don't particularly care about this year's numbers because classic high-growth stocks always look expensive on the near-term estimates. But if things go right, they will turn out to be very cheap once we get to the out-years," Cramer said.

With the exception of Alphabet's rumored interest in acquiring Twitter (TWTR), FAAA to Cramer represents the complete package. Some investors speculated that it was an act of desperation for Alphabet, but Cramer disagreed.

"If you're looking at Twitter as it is now, a funny place to tweet and try to sound clever, then you're right, it's too expensive already at $23," Cramer said, "But if you look at Twitter as the ultimate customer retention weapon and predictor of consumer behavior, it might actually be cheap to some of these suitors even half a dozen points higher."

Facebook already knows more about its customers than any other website, but if Twitter cleaned its act up, Cramer thinks it could be a reasonable stand-in.

Cramer found Donald Trump 's talks of keeping jobs in America a noble goal, but the argument has a flipside that both Trump and Hillary Clinton have failed to address.

"These trade deals that ship American jobs overseas also have an upside for the American consumer: lower prices on just about everything. It's a bargain, some would say an unholy bargain, but this tradeoff is very real and it needs to be explored," he said.

At the same time, the countries that have taken jobs from the U.S., like Mexico and China, have created a large amount of pollution and have gotten away with it.

Should this be allowed? Should there be some sort of pollution tax on those goods?

Those are the economic questions that Cramer would like answered. Unfortunately, he does not have faith that the current political campaign will produce answers.

"It's our loss — I just wish American politics allowed for this kind of rational discussion," Cramer said.

Cramer also turned his attention to the pharmaceutical industry, particularly Bristol-Myers Squibb (BMY). To him, Bristol-Myers is a classic example of a stock that is immunized from the Fed, economy or the price of oil.

After reporting disappointing lung cancer data on its flagship oncology drug in August, Bristol-Myers was crushed, falling 16 percent in a single session. It has since trended lower, with investors losing faith in its anti-cancer franchise.

To gain further insight on where the stock could be headed, Cramer decided to take a closer look at the charts with the help of Tim Collins, a technician and colleague of Cramer's at RealMoney.com.

Collins found that Bristol-Myers could be ready to bottom. While there is no guarantee that it's done going down, he liked the risk-reward of betting on the rebound.

The IPO market finally had traction last week with eight new deals hitting the tape, and e.l.f. Beauty (ELF) came public with a bang, roaring up 55 percent in the first day of trading. It has since pulled back, leading Cramer to question if this is a perilous stock or one to buy.

Cramer found that while e.l.f. has a great cosmetics concept and more room to expand, he was concerned that it skyrocketed so fast out of the gate.

"ELF's intriguing, but I would rather wait for a lower level. And while you wait, why not pick up some Ulta Salon, which has pulled back nicely in recent weeks and remains the ultimate non-Amazonable beauty investment," Cramer said.

Thor Industries (THO) solidified its position as the No. 1 maker of recreational vehicles (RVs) and motor homes on Tuesday when it posted a record year for RV sales in its fourth-quarter fiscal 2016 results.

In an interview with Thor's CEO Bob Martin on Tuesday, the " Mad Money " host noted that while housing levels are nowhere near where they were in 2006, RVs have surpassed levels achieved then. Martin attributed the rapid growth of RVs to consumer confidence and more wholesale and retail lenders in the RV space.

"That, along with just watching the younger buyers flock to the RV lifestyle, it really has helped to give our dealers the confidence to buy more inventory and to sell more at the shows. It has been definitely a positive for us," Martin said.

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

Panera Bread (PNRA): "On actionalertsplus.com we put out a very special bulletin today including Panera, and why the stock has been weak. We're talking about the idea, sadly, that the whole restaurant group is under fire. That's what we think it is, more about the group."

Cyberark (CYBR): "Cyberark is my second favorite. My favorite is Fortinet."