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 Visa Inc. Class A Report   and Mastercard (MA) - Get Mastercard Inc. (MA) 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 Broadcom Inc. 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 Adobe Inc. Report , Service Now (NOW) - Get ServiceNow, Inc. Report and Splunk (SPLK) - Get Splunk Inc. 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 Electronic Arts Inc. Report and Take-Two Interactive (TTWO) - Get Take-Two Interactive Software, Inc. Report expanding their gains.

Cramer said he only negative on the day was Netflix (NFLX) - Get Netflix, Inc. (NFLX) 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 Boyd Gaming Corporation Report and Penn National Gaming (PENN) - Get Penn National Gaming, Inc. 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 Churchill Downs Incorporated 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 VICI Properties Inc 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 Facebook, Inc. Class A 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 Alphabet Inc. Class A Report trades at just 26 times earnings, Apple (AAPL) - Get Apple Inc. (AAPL) Report trades at 14 times earnings and Johnson & Johnson (JNJ) - Get Johnson & Johnson (JNJ) 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.

TheStreet Recommends

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 SAGE Therapeutics, Inc. 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 Vistra Energy Corp. 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 NextEra Energy, Inc. Report , CIGNA (CI) - Get Cigna Corporation Report , World Wrestling Entertainment (WWE) - Get World Wrestling Entertainment, Inc. Class A Report and VMware (VMW) - Get VMware, Inc. Class A Report .

Cramer was bearish on Sociedad Quimica (SQM) - Get Sociedad Quimica Y Minera De Chile S.A. Sponsored ADR Pfd Class B Report , Lam Research (LRCX) - Get Lam Research Corporation (LRCX) Report , West Pharmaceutical Services (WST) - Get West Pharmaceutical Services, Inc. Report and Cloudera (CLDR) - Get Cloudera, Inc. Report

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