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In a wild market, you need to be willing to invest against the grain, Jim Cramer told his Mad Money viewers Monday. Sometimes, the sellers have it wrong and you need to buy, while other times, you need to sell the very things others are going gaga over.

Case in point: Friday's selloff of the financials. Despite solid earnings from JPMorgan Chase (JPM) , Citigroup (C) and Wells Fargo (WFC) , the banks sold off hard Friday, only to rebound hard today after Bank of America (BAC) surged 4.3% on its own strong results. Cramer said after scouring the results line by line, there was simply no justification for Friday's decline.

Then there are the oil stocks, which fell in lieu of rumblings that perhaps Russia would start pumping more oil or the U.S. may release some excess crude from the strategic reserve to help curb prices. Given the 1.5% increase in oil demand this year, Cramer said selling the oil stocks is a mistake.

And what should investors make of the 14.2% plunge in Netflix (NFLX) ? Cramer said opportunities were created in the rest of FANG today.

(FANG is Cramer's acronym for Facebook (FB) , (AMZN) , Netflix (NFLX)  and Alphabet (GOOGL) .)

Make no mistake, not all weakness is a buying opportunity, Cramer warned. President Trump took aim at the drug stocks last week, but only Pfizer (PFE) agreed to roll back some drug prices. That will likely leave the rest of the drugmakers vulnerable once Trump gets back to the White House.

Cramer and the AAP team are looking at how Raytheon (RTN) benefits from Lockheed's (LMT) F-35 deal. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

Executive Decision: Bank of America 

For his "Executive Decision" segment, Cramer sat down with Brian Moynihan, chairman and CEO at Bank of America (BAC) , to discuss his company's six-cents-a-share earnings beat which included robust loan growth.

Moynihan started off by saying that Bank of America's digitization efforts are all about convenience for their customers, helping to produce great results while lowering costs. The bank currently has 35 million customers using digital services, with 25 million actively using their mobile devices. That a lot more than just millennials, he noted.

Digital and mobile is changing the face of banking, Moynihan said. Ten years ago, Bank of America had 6,300 branches. Today, that number is 4,300 branches. But while their branches are performing fewer transactions, their relationship managers are interacting more with customers and providing more value than ever before.

When asked about the U.S. economy, Moynihan said he feels good about where we are. People are employed, they're benefitting from tax reforms and consumer spending continues to be strong. 

Appetite for McCormick

After a year of marking time and trading sideways, spice maker McCormick (MKC) has finally proven the naysayers wrong, Cramer told viewers, and that's excellent news for shareholders.

Cramer explained that ever since McCormick announced the acquisition of such venerable brands as French's Mustard and Frank's Red Hot last year, analysts have been panning the deal, accusing the company of paying too much, while also predicting a slowdown in the company's core spice business.

Despite putting up great quarterly results since the acquisition, McCormick's stock failed to get any traction as the negativity swirled. That was until last month, when the company delivered a nine-cents-a-share earnings beat that could not be ignored. Shares vaulted from $105 to $114 in a single day and now trade north of $118.

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Cramer said the acquisition made a lot of sense, as it gives McCormick more shelf space in the condiment aisle and the company's solid execution, he has no doubt that French's, Frank's and Cattlemen's will be continues success stories. As for the analysts, well, they've been proven wrong every step of the way.

Executive Decision: Enbridge

In his second "Executive Decision" segment, Cramer checked in with Al Monaco, president and CEO of Enbridge (ENB) , the oil and gas pipeline company with a 5.8% yield and shares that are up 22% from their April lows.

It's been nearly a year since Enbridge acquired Spectra Energy, and Monaco said the combined company is well positioned for the future with a focus on being the best natural gas pipeline company and gas utility. He said the company's simplified structure, with one investable entity, is better than having multiple MLPs, a strategy that's fallen out of favor with investors.

As part of the acquisition, Enbridge has been doubling its focus on pipeline and utility operations, selling non-core assets to help bolster their balance sheet to create even more value for shareholders. Monaco said he sees huge opportunities for North American natural gas as it begins to gain market share in the global marketplace.

Cramer said he remains a big fan of Enbridge. 

No-Huddle Offense 

In his "No-Huddle Offense" segment, Cramer said there a ton of very smart people on Wall Street, but that doesn't prevent the herd mentality from clouding their judgement.

For weeks now we've been hearing that the Chinese trade wars could cripple the earnings of Boeing (BA) . But at this week's Farnborough Airshow, both Boeing and rival Airbus are struggling to meet demand.

While it's true that China makes up 13% of Boeing's sales, it's also true that China needs Boeing more than Boeing needs China, especially given that Airbus simply cannot supply China with the planes it needs. Switching orders to Airbus could add years to delivery times.

With oil prices on the rise, the industry needs more fuel efficient planes, so if China doesn't buy them, Cramer said he's confident that someone will.

Over on Real Money, Cramer says the aircraft industry is frantically trying to meet the demand for planes. Get more of his insights with a free trial subscription to Real Money.

Lightning Round 

In the Lightning Round, Cramer was bullish on Children's Place (PLCE) , Dynavax Technologies (DVAX) , Abiomed (ABMD) , Zebra Technologies (ZBRA) and SPDR Gold Shares (GLD) .

Cramer was bearish on Barrick Gold (ABX) and Chesapeake Energy (CHK) .

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At the time of publication, Cramer's Action Alerts PLUS had a position in RTN, JPM, C, FB, AMZN, GOOGL.