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Jim Cramer's 'Mad Money' Recap: 3 Stocks With Very Different Risks, Rewards

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After a gigantic move in the markets, investors need to reassess their risk-reward profile, Jim Cramer told his Mad Money viewers Wednesday. As the market goes higher, so, too, will your risk. Cramer highlighted three stocks with very different risk-reward profiles.

First is Microsoft (MSFT) , which just reported a terrific quarter that sent shares up 5.3%. The company saw 100% growth in its cloud offerings and has over $100 billion in cash. Yet, the stock trades at just 19 times earnings and only 16 times its projected 2018 earnings. Cramer said Microsoft is an outstanding bargain.

Next is Facebook (FB) , an Action Alerts PLUS holding that Cramer called...