The stock market rotation has begun, Jim Cramer declared to his Mad Money viewers Monday. After Federal Reserve chairman indicated last week that an interest rate cut is coming soon, money managers have begun repositioning, Cramer said, and investors need to jump on the opportunity to buy high quality stocks on the cheap.

The business economy is slowing, Cramer said, and the Fed has finally realized its mistakes of last December. Now it's ready to cut rates to help out the auto, industrial and manufacturing companies. That's why shares of Caterpillar (CAT) - Get Report  have bounced from their post-earnings lows, taking many other industrial stocks along for the ride. The money manager playbook says to buy the industrials, he said, and that's exactly what's begun.

But the markets are a zero-sum game, Cramer reminded viewers, which means money is flowing out of high-growth cloud and tech names, like ServiceNOW (NOW) - Get Report and Paypal (PYPL) - Get Report .

That doesn't mean individual investors should sell these stocks, however. Cramer said the cloud kings and other tech names very rarely give investors a good entry point, but that's exactly what they're doing now. This is one pullback, he said, that should be bought.

Find high quality stocks and stick with them, Cramer concluded. Now is not the time to try and outthink the money managers or fight the Fed. 

Cramer and the AAP team are looking ahead to Tuesday's quarterly reports from Mastercard (MA) - Get Report , BP (BP) - Get Report , Apple (AAPL) - Get Report 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.

Executive Decision: Exact Science

For his "Executive Decision" segment, Cramer spoke with Kevin Conroy, chairman and CEO of Exact Sciences (EXAS) - Get Report , a stock that's up 80% for the year.

Today, in addition to reporting earnings, Exact Sciences announced a deal to acquire Genomic Health for $2.8 billion. Conroy said he couldn't be prouder of the work being done at Genomic Health and he can't wait to see what the combined companies can accomplish. Genomic Health makes tests to screen for breast and prostate cancers which will pair with Exact Science's colon cancer screening.

Conroy added that Exact Sciences generated $200 million from its colon cancer screening test, Cologuard, but it's only into 6% of the market and there are still millions of Americans who've yet to be screened.

Cancer screen is about a lot more than just results, however, and Conroy was quick to note that a lot of work goes into recommendations for treatment as well. Not every patient will benefit from surgery or chemotherapy and they aim to help doctors determine the best option for individual patients. 

Executive Decision: Agnico Eagle Mines

In his second "Executive Decision" segment, Cramer sat down with Sean Boyd, vice chairman and CEO of Agnico Eagle Mines (AEM) - Get Report , a company Cramer characterized as a growth gold stock.

Boyd said after the cryptocurrency craze of the past few years, investors are once again returning to gold as an asset class. The precious metal has begun a pattern of setting higher lows with each market decline.

Boyd reminded viewers that finding gold is not easy. He said the pipeline of new projects is not full and the industry isn't capable of meeting all of the demand. Fortunately, Agnico Eagle didn't stop investing in the downturn and they are on track for record production this year.

When asked about their success, Boyd noted that Agnico Eagle mitigates their geopolitical risk by simply not operating in countries with lots of risk. They also mitigate risks by using technology, including autonomous technology, to keep their mines running efficiently and safely. That's not to say Mother Nature doesn't throw curveballs, but by managing their portfolio correctly, Boyd said, disruptions should barely be noticed. 

Off the Charts: Tech Stocks 

In the "Off The Charts" segment, Cramer checked in with colleague Carolyn Boroden over the charts of some high-flying tech stocks which have recently come under pressure.

Boroden felt the daily chart of Amazon (AMZN) - Get Report still told a bullish story and the recent weakness was a rare buying opportunity. According to her Fibonacci ratios, the pain should stop this week and if shares hold above the 1,880 to 1,890 level, the next stop could be 2,073 a share.

Boroden also liked Alphabet (GOOGL) - Get Report a lot, noting the pattern on higher highs that stayed above all key moving averages. She felt the stock needed to cool a bit however before resuming higher.

Finally, Boroden looked at the broader Nasdaq 100 index, noting that while the averages are strong, the timing cycles indicate a break in the pattern may come towards the middle or end of August. He felt caution would be in order as we approach those dates.

A Refill of Starbucks

In his "No-Huddle Offense" segment, Cramer posited how a huge company like Starbucks (SBUX) - Get Report was able to rally 9% in a single day last week. A move that large is typically only seen during a takeover, he said, but Starbucks did it with earnings alone.

Just a year ago, Starbucks posted paltry 1% same-store sales growth, numbers that made many investors feel the company's best days were behind them. But in just a year, Starbucks was able to sell its consumer goods business and double down on technology to improve its stores. The result was nothing less than magical, with the coffee chain seeing a 7% rise in same-store sales just a year later.

Cramer said only Starbucks can deliver growth at scale like this and CEO Kevin Johnson deserves a lot of credit for this remarkable turn of events.

On Real Money, Cramer takes a closer look at Johnson's big comeback plan. Get more of his insights with a free trial subscription to Real Money.

Lightning Round

In the Lightning Round, Cramer was bullish on Dollar Tree (DLTR) - Get Report , Valley National Bancorp (VLY) - Get Report , Six Flags (SIX) - Get Report and IBM (IBM) - Get Report .

Cramer was bearish on Newmont Mining (NEM) - Get Report , AbbVie (ABBV) - Get Report and DXC Technology (DXC) - Get Report

Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here.

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

At the time of publication, Cramer's Action Alerts PLUS had a position in MA, BP, AAPL, CAT, AMZN, GOOGL.