Investing can be fun if you know what you own, Jim Cramer told his Mad Money viewers Monday. After a generation of investors were told to just buy and hold using index funds, younger millennial investors are  again getting excited about individual stocks, stocks they've heard of and use every day.

That's why so many recent IPOs have been soaring, Cramer said. Stocks like BeyondMeat (BYND) - Get Report , Pinterest (PINS) - Get Report and last week's Chewy  (CHWY) - Get Report are all companies loved and adored by millennials. Other companies with fabulous brand names have also been heading higher, including Procter & Gamble (PG) - Get Report and Estee Lauder (EL) - Get Report .

Beyond those names, the high-growth FANG stocks have come back to life thanks to the Facebook (FB) - Get Report announcement of its own cryptocurrency. That sent all of the cloud king names higher as well.

Cramer said fun doesn't mean we're in the bubble or that the market is on the brink of collapse. It simply means individual investors are beginning to return to the stock market after a long and notable absence. 

Cramer and the AAP team have an update on Apple (AAPL) - Get Report . 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: International Flavors and Fragrances

For his "Executive Decision" segment, Cramer welcomed back Andreas Fibig, chairman and CEO of International Flavors & Fragrances (IFF) - Get Report , to the show for an update on the business. IFF last reported earnings of $15.7 a share on revenues of $1.3 billion.

In an environment where costs are on the rise, Fibig said it was crucial that IFF turn to their robust research and development pipeline and explore adjacent categories, which they've been doing through acquisitions.

The biggest trend in the market right now, Fibig said, is toward natural ingredients. Consumers no longer want specifically engineered molecules, they want smells and flavors that come from natural and organic sources. Since all tastes are local, IFF relies on local consumer panels to tell them which solutions are the best for their region.

When asked about geopolitical risks, Fibig said they have multiple plans in place for Brexit, and tariffs with China are not a factor for their business.

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Fetching a Good Deal for Pets 

The humanization of pets continues to be a great long-term theme, Cramer told viewers, which means now's the perfect time to check up on Cramer's fictional Pet ETF, created 10 months ago. While the ETF is only up 5% since its inception, Cramer said once you get past the market meltdown at the end of 2018, the group is up 25% for the year.

Most of the stocks in the ETF fared very well, however there were three notable losers. Central Garden & Pet (CENT) - Get Report , PetIQ (PETQ) - Get Report and PetMed Express (PETS) - Get Report plunged 26%, 21% and 50% respectively. Cramer removed PetMed from the index, but felt the other two had stories that were still intact.

Cramer said he'd add the recent IPO Chewy  (CHWY) - Get Report to the index, but investors need to wait for a pullback before starting a position in this red-hot name.

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Other swaps from the index were Henry Schein (HSIC) - Get Report , which spun off its pet division as Covetrus (CVET) - Get Report , which Cramer added to the list.

Off the Tape: HandShake

In his "Off The Tape" segment, Cramer sat down with Garrett Lord, CEO of the privately-held HandShake, a social network for college students and alumni that helps students find jobs after graduation.

Lord said that 43% of graduating students are underemployed, meaning they take jobs that don't require a college degree. Too much of finding a job relies on who you know and where you went to school, he said, and not who's the most qualified. HandShake aims to change that by helping students and companies connect in more efficient ways than setting up tables at the local job fair.

HandShake currently has over 14 million students and all of the Fortune 500 companies on their network.

It's the Fed's Call

In his "No Huddle Offense" segment, Cramer said Federal Reserve chair Jay Powell is in a difficult position when it comes to our economy. The Fed is charged with tamping down inflation, but it's also tasked with lowering interest rates to keep the economy moving.

If President Trump adds more tariffs, it will certainly take a bite out of our economy, but Trump is prepared to accept that collateral damage. For some discretionary items, consumers can simply pay more or wait to make a purchase. But for items essential to our economy, it's unacceptable to rely on another nation to provide them.

That's why Cramer said he's looking to hear words like "monitoring" and "concern" from the Fed when it speaks this week, because cautious words are exactly what the stock market needs to hear. 

Lightning Round

In the Lightning Round, Cramer was bullish on Aqua America (WTR) - Get Report , Insperity (NSP) - Get Report , NovoCure (NVCR) - Get Report and Veeva Systems (VEEV) - Get Report .

Cramer was bearish on Universal Display (OLED) - Get Report , Teva Pharmaceuticals (TEVA) - Get Report , Marathon Petroleum (MPC) - Get Report , Lions Gate Entertainment (LGF.A) and United States Steel (X) - Get Report .

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