Cramer stated on the August 20th episode of "Mad Money" that he prefers to hold Coca-Cola (KO), calling it a "winner," and no longer recommends Celsius Holdings (CELH). Previously, he had recommended Celsius in November 2023 and May 2024. This change in stance occurred after the energy drink company's second-quarter earnings fell short of expectations, with core brand sales declining 11.7% year-over-year and gross margins also slipping. Cramer's latest comments contrast with the recent approximately 16% rise in Celsius's stock price, driven by news of activist investors pushing for a change in leadership.