Everything Jim Cramer said on ‘Mad Money,’ including stock picks, Fed and China chatter, Smarties

CNBC’s Jim Cramer reveals stocks worth buying after Thursday’s market decline. The “Mad Money” host chats with top brass of Columbia Sportswear, Smarties and Eurazeo. He explains why investors shouldn’t stress the new speculations about future interest rate cuts and ramblings about U.S.-China trade uncertainties.

Thursday’s pull back is a treat to investors

Bristol-Myers Squibb Co. brand medication at a pharmacy in Princeton, Illinois, U.S.

Daniel Acker | Bloomberg | Getty Images

CNBC’s on Thursday identified a number of food and drug stocks that are worth buying after the major indexes pulled back during the trading day.

The “Mad Money” host recommended drug stocks , , , and as buys on the way down. He added and to the shopping list, before suggesting that , and are approaching oversold levels.

“When we get these sell-offs we tend to hear broad sweeping predictions, often of dire proportions,” Cramer said, arguing that investors should “view this pullback as a gift.”

Columbia Sportswear on shifting sourcing out of China

Columbia Sportswear CEO Tim Boyle

Anthony Pidgeon | Redferns | Getty Images

beat sales and profit estimates in its third-quarter report and raised its earnings guidance for the current quarter, but shares failed to rally in Thursday’s session.

The stock was weighed down by doubts that Chinese officials reportedly have about the prospects of reaching a trade deal with U.S. negotiators. Longtime CEO Tim Boyle on Thursday told Cramer that the apparel company has been shifting sourcing away from China.

“We’ve, over the last several years, been moving product out of China, not because we don’t like China, but frankly because there’s been better opportunities in other sourcing countries,” he said in a one-on-one interview.

Don’t fret Fed, China chatter that is a weight on the market

Traders work on the floor of the New York Stock Exchange.

Brendan McDermid | Reuters

The Federal Reserve on Wednesday cut interest rates for the third time this year and talking heads on Thursday began speculating what the central bank would do about monetary policy in the future.

Chinese officials on Thursday reportedly cast doubts about trade talks with U.S. negotiators, and more questions were abound about the trade dispute between the world’s largest economies. Both events triggered a sell-off during the session, which Cramer said should be taken with a grain of salt.

“You need to ignore these parlor games that the commentators love to play. I want you to keep your eyes on the prize, and that’s owning high-quality stocks of high-quality companies and riding them through periods of idle chatter,” the host said. “I know it is hard believe, but let me tell you: after 40 years of doing this, I can tell you that most of this speculation about the Fed or China trade talks is absolutely meaningless. Do yourself a favor and tune it out.”

Smarties co-president talks adapting to changing consumer tastes

Liz Dee, Co-President, Smarties

Scott Mlyn | CNBC

Smarties, the privately held tablet candy producer now in its fifth generation of family ownership, is an iconic candy brand that is working to keep with the modern consumer and finding success. Co-President Liz Dee paid Cramer a visit to discus the host’s favorite treat, which Dee explained is free of fat, gluten and top allergens, while also marketable to vegan consumers.

“While we are still a nostalgic and iconic candy, we continue to stay fresh and current for today’s consumers,” she said. “So we’re really working for today’s sensibilities while still staying classic and true to our roots with the candy.”

Eurazeo’s Adrianne Shapira on emerging consumer trends

Adrianne Shapira, Eurazeo

Scott Mlyn | CNBC

Eurazeo Managing Director Adrianne Shapira sits down with Jim Cramer to explain how the French private equity firm evaluates investment opportunities and breaks down changing consumer tastes she sees in the market. The company’s portfolio includes Nest Fragrances, cosmetics company Pat McGrath Labs and fashion curator Bandier, among others.

“I think what we found is our founders — all of our five investments are founder led — they are unbelievable soulful people,” Shapira said in the one-on-one, “and they’ve got great stories to tell and as a result you know consumers really resonate with that.”

Cramer’s lighting round

In Cramer’s lightning round, the “Mad Money” host takes calls and delivers his thoughts about callers’ favorite stock picks in rapid speed.

: “Xilinx has got too much China.”

: “No, we’re not going to buy more oils. … The oils are just a bummer.”

: “It’s a REIT for cannabis, and I’m going to say nothing cannabis is working, including a REIT. So no way, no how.”

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