It was a day the buyers couldn't be stopped, Jim Cramer announced to his Mad Money viewers Thursday. As the markets extended their rally, Cramer said the most impressive thing about it was the number of sectors participating.

President Trump's trip to Europe provided investors with a brief respite from trade rhetoric, allowing the stocks of Visa (V) - Get Report   and Mastercard (MA) - Get Report to once again rally on the promise of expansion into China without the need for a joint partnership.

As shares of Broadcom (AVGO) - Get Report imploded, down 13.7%, on news of a takeover, investors quickly moved that money into what Cramer calls the "cloud kings," including Adobe Systems (ADBE) - Get Report , Service Now (NOW) - Get Report and Splunk (SPLK) - Get Report . The defense stocks were also on the move, thanks to the promise of more European defense spending, as were medical devices makers and even video game stocks, with Electronic Arts (EA) - Get Report and Take-Two Interactive (TTWO) - Get Report expanding their gains.

Cramer said he only negative on the day was Netflix (NFLX) - Get Report , which plunged on a negative analyst report and subsequent downgrade of the company.

Cramer and the AAP team review China worries, the drop in oil prices and more. 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.

Rolling the Dice

While the big international casino stocks have been under pressure for their exposure to Macau in China, Cramer told viewers that there are other ways to play the gaming industry, especially if you focus domestically. He said that Boyd Gaming (BYD) - Get Report and Penn National Gaming (PENN) - Get Report are two excellent regional players with over two dozens properties each. Both companies will benefit from the recent Supreme Court decision to legalize sports betting.

Then there's Churchill Downs (CHDN) - Get Report , which is a lot more than just the Kentucky Derby. The company also has casinos and online betting to round out its portfolio.

Finally, Cramer offered up VICI Properties (VICI) - Get Report , the real estate investment trust that owns the properties under Caesar's and other entertainment venues. Shares of VICI offer a 5% dividend yield.

Cramer said all of these stocks offer far less headline risk from China and trade and benefit from a strong U.S. consumer that's flush with cash from tax reforms and strong employment. 

Don't Focus on the Market, Focus on the Stocks

Is the market really too expensive? Are the bears and the naysayers right to worry? Cramer told viewers to focus less on "the market" and more on individual stocks. In the case of Facebook (FB) - Get Report , for example, it doesn't matter that the company was just fined for sharing data with Cambridge Analytica. What matters is that shares trade for just 22 times earnings.

Alphabet (GOOGL) - Get Report trades at just 26 times earnings, Apple (AAPL) - Get Report trades at 14 times earnings and Johnson & Johnson (JNJ) - Get Report   sits at 15 times. Cramer said all of these valuations are absurd given the excellent managements and balance sheets at these companies.

That's why when you look at "the market," you may miss the trees among the forest. There are plenty of winners out there if you look closely.

Over on Real Money, Cramer says forget the yield curve. Financials are a buy ahead of earnings. Get more of his insights with a free trial subscription to Real Money.

Executive Decision: Sage Therapeutics

For his "Executive Decision" segment, Cramer sat down with Dr. Jeff Jonas, CEO of Sage Therapeutics (SAGE) - Get Report , the biotech fighting depression with shares that more than tripled last year.

Jonas explained that Sage has big visions for how the world looks at and treats depression. Depression is a disease, not a lifestyle, he explained, and in the case of postpartum depression, more than 400,000 women suffer from it every year, but there are no approved therapies. Sage's treatment, currently in clinical trials, is showing rapid and robust results in 70% of patients in just two and a half days.

Sage is more than a one-hit wonder however, and Jonas explained that his company is working on other molecules for Parkinson's, bipolar disorders, Alzheimer's and even ADHD. 

Executive Decision: Vistra Energy

In his second "Executive Decision" segment, Cramer spoke with Curt Morgan, president and CEO of Vistra Energy (VST) - Get Report , the largest utility in the U.S. and one you've probably never heard of.

Morgan said that Vistra supports over three million customers across the country, concentrating in Texas, the mid-Atlantic and Northeast regions. In those areas, and especially in Texas, he said, manufacturing has been growing and the demand for power has been strong. Vistra is seeing 2% growth in Texas, which is double the national average.

Vistra is also a leader in clean energy, and is currently building what will be the largest battery storage installation in world just south of San Francisco. Morgan explained that California has so much solar energy that they actually ramp down generation during the day and bring more power online at night, the opposite of everywhere else in the world.

Cramer said he remains a believer in Vistra Energy for both growth and hopefully soon, yield, as the company plans to offer a dividend in the near future. 

Lightning Round

In the Lightning Round, Cramer was bullish on NextEra Energy (NEE) - Get Report , CIGNA (CI) - Get Report , World Wrestling Entertainment (WWE) - Get Report and VMware (VMW) - Get Report .

Cramer was bearish on Sociedad Quimica (SQM) - Get Report , Lam Research (LRCX) - Get Report , West Pharmaceutical Services (WST) - Get Report and Cloudera (CLDR) - Get Report

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At the time of publication, Cramer's Action Alerts PLUS had a position in FB, GOOGL, AAPL.