In a market with so many sectors struggling, it's remarkable that FANG continues to soar, Jim Cramer announced to his Mad Money viewers Tuesday. Cramer said that the FANG stocks -- his acronym for Facebook (FB) , Amazon.com (AMZN) , Netflix (NFLX) and Alphabet (GOOGL) , formerly Google, are about a lot more than just four terrific companies, however. This cohort casts a wide net.

Today, FANG was led by Netflix, which soared another 9.19%, continuing to baffle analysts who try and value the company using traditional metrics. Netflix is the most powerful force in media and deserves every bit of the stock's 75% rally so far in 2018.

But Netflix signifies more than just great content, it's also a beacon for the rapid adoption of the cloud. Netflix is built on the back of Amazon's web services and also cloud infrastructure from Google. Amazon rallies 4.3% today, while Google was up 3.1%. All of this is good news for a host of other cloud names, Cramer said, including Red Hat (RHT) , ServiceNOW (NOW) , Splunk (SPLK) and Workday (WDAY) .

Sure, Facebook still has headline risk, Cramer admitted, but this Action Alerts PLUS holding should still post great numbers this quarter.

So whether it's Twitter (TWTR) , up 11.4%, or Apple (AAPL) or Nvidia (NVDA) , the FANG stocks have an effect on all of them, Cramer concluded, and best of all, they are all totally unaffected by a looming trade war with China.

Cramer and the AAP team say that the president's moves on behalf of Boeing (BA) signal good times for defense names, including Raytheon (RTN) . 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.

Off the Charts: Defense Sector 

In the "Off The Charts" segment, Cramer checked in with colleague Rob Moreno over the charts of the defense stocks, in light of rising tensions in Syria.

Moreno first looked at daily chart of Boeing, noting that after a 120% rally last year and into the early portion of this year, Boeing has formed a rounded bottom pattern, indicating a possible high of $360 or a low of $285.

Moreno found similar patterns in Northrop Grumman (NOC) and Lockheed Martin (LMT) , both with pullbacks in February that seem to now be at a crossroads.

Moreno was also upbeat on General Dynamics (GD) , which just made a bullish crossover, but felt that Raytheon had the best chart of them all.

Cramer agreed, saying he's bullish on all of these names.

For more of Cramer and Moreno's analysis, and to see the charts, read Key Stocks in the Defense Sector: Cramer's Off the Charts

Oh, Snap! 

With shares of Twitter and Netflix soaring, what should investors do about the other Internet darling, Snap (SNAP) ? It's been 13 months since the stock IPO'd and the company has largely disappointed since then, but is a turnaround close at hand?

Cramer's long held that Snap's valuation at its IPO was simply absurd. The company would have needed over $1 billion in revenues to justify it, and so far it's only delivered $825 million. Not only has Snap not delivered on revenues, it had also increased spending and seemed to not have a clear vision for its future. The redesign of Snapchat in December was met with lackluster results, leading to the resignation of the company's product design chief.

But then Snap delivered glorious quarterly results in February and all was seemingly forgotten as the company beat on every metric in nearly ever region of the globe. Since then however, the stock has given up all of those gains, which led Cramer to proclaim that while Snap's fundamentals are indeed improving, the stock is still too pricey and too risky, at least for right now.

Retail Sector Outlook 

In his "Off The Tape" segment, Cramer sat down with Matthew Boss, Managing Director & Senior Retailing Analyst at JPMorgan Chase (JPM) for an outlook on the retail sector on the heels of the company's annual retail conference.

Boss said that optimism is in the air and many retailers are in the best shape they've been in years. He said on the low end, they just upgraded Dollar General (DG) , which has seen its shares gain 3.2% over the past month. Burlington Stores (BURL) and TJX Companies (TJX) are also attractive.

In the mid-level, Boss said that Urban Outfitters (URBN) is recovering, along with Kohl's Stores (KSS) . He also liked PVH (PVH) and Lululemon Athletica (LULU) .

When it comes to fashion, Nordstrom (JWN) was a surprise pick, along with Macy's (M) which has been investing to fight back against Amazon.

Boss admitted that President Trump and a trade war with China remain a wild card for retailers and that will be something they continue to watch closely.

No-Huddle Offense

In his "No-Huddle Offense" segment, Cramer tried to explain the lofty valuation of Netflix to the non-believers. He said that for many younger people, like his daughter, the issue isn't cutting the cord and leaving cable TV behind, it's that this generation has never had cable in the first place. For millennials, Netflix, and its terrific content, is what they know.

Netflix now makes original content in 17 countries, and Cramer said in his household, subtitles aren't even a problem. His family will watch Netflix content no matter where it's made.

That's why the notion of Netflix someday having 300 million subscribers, all paying more than they do today, has the company's valuations in the stratosphere.

Over on Real Money, Cramer says the Netflix numbers show that cord-cutting is more than palpable. Get more of his insights with a free trial subscription to Real Money.

Lightning Round

In the Lightning Round, Cramer was bullish on Goldman Sachs (GS) , Berkshire Hathaway (BRK.B) , Ecolab (ECL) , PTC (PTC) , Arista Networks (ANET) , U.S. Concrete (USCR) and Masco (MAS) .

Cramer was bearish on BGC Partners (BGCP) , Dr Pepper Snapple (DPS) , Sterling Construction Co. Inc.  (STRL) and B&G Foods (BGS) .

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At the time of publication, Cramer's Action Alerts PLUS had a position in RTN, JPM, FB, AMZN, GOOGL, AAPL, NVDA, KSS, JWN, GS.

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