Cramer Says This Company Is In A 'Business That Is In A Serious Recession Right Now'

When asked about Costamare Inc (NASDAQ:CMRE), Cramer said he doesn’t like the container ship business. "The rates are falling. I’m not going to say, buy that,” he added.

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The "Mad Money" host said Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) is a very, very good company. "You just let that one run," he added.

When asked about Torm PLC (NASDAQ:TRMD), he said, "People love the tankers because they look so compelling. That one’s moved. The train has left."

Cramer said he is "betting with, not against, Splunk Inc (NASDAQ:SPLK)."

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