Cramer's 'Mad Money' Recap: Money Managers 101

That is why the mutual funds picked Exxon, Cramer said. Moreover, for the aerospace sector the anointed stock is Boeing (BA Quote), Bank of America (BAC Quote) is the anointed financial and Cisco (CSCO Quote) and Apple (AAPL Quote) are the anointed techs, he added.

The anointed stocks are usually good, but even the bad ones get a boost and allow people an opportunity to make money, Cramer said.

"Stocks don't go up or down based on fundamentals," he said. "Mutual funds decide where stocks go in the short term, not you, and if you know how they think, you will have a major edge."

Gushing

Exxon Mobil may be the "worst oil company out of the bunch," but it is still a stock people must own, Cramer said.

Cramer is "absolutely nauseated" by the fact that Exxon is leading the oil rally, especially because the company spends more money buying back stock than it does on drilling for oil. In fact, when he talks about all of Exxon's untapped reserves that it could be drilling on, it becomes clear to Cramer that Exxon should not be leading the oils.

In addition, he considers the company's exposure to Venezuela and Indonesia as another reason Exxon should not be bought.