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"I love reinvention," Jim Cramer announced to his Mad Money viewers Monday. That's how companies take themselves to the next level. But reinvention also takes time and great skill, and that's why most investors shun reinvention when they see it.

Case in point: today's blockbuster deal between Pfizer(PFE) - Get Report and Allergan(AGN) - Get Report , a stock Cramer owns for his charitable trust, Action Alerts PLUS. There's no denying that this powerhouse combination will create tremendous value for shareholders over the long run, but that still wasn't enough to keep shares from sliding 2.6% and 3.4% respectively.

Then there's Alcoa(AA) - Get Report , the veteran aluminum maker that's not only inventing new ways to use it's metal, but is also reinventing its business by splitting itself into two companies.

Still other examples of reinvention include ATM maker Diebold(DBD) - Get Reportbuying its European rivalWincor Nixdorf for $1.8 billion or Deluxe(DLX) - Get Report , the check printer that's reinvented itself several times during its 100-year history.

Even Hormel Foods(HRL) - Get Report , maker of canned meat Spam, is in the process of reinventing itself by moving into more natural and organic foods.

Reinvention is the way forward, Cramer concluded, but it takes patience that sometimes investors just don't have.

5 Stocks IBM Should Buy, Buy, Buy

You can't fix declining businesses by buying back stock, Cramer told viewers. Yet, that's exactly what IBM's(IBM) - Get Report management has been doing for the past two years, sending its shares down by 24% in the process.

Fortunately, Cramer has come to the rescue with a list of five stocks he feels IBM should buy to reinvigorate its growth and regain the excitement it once enjoyed. He said IBM generates enough cash to breathe new life into its business, if only it thought bigger.

First on Cramer's shopping list is Box(BOX) - Get Report , the $1.5 billion cloud-based storage company. He said this dominant company in its space has the growth IBM needs.

Next, Cramer said, IBM should buy both CyberArk(CYBR) - Get Report and Imperva(IMPV) - Get Report in the cyber security space. For just $3.6 billion, IBM could snap up both companies and become a leader in this crucial area.

Finally, Cramer said IBM needs more data analytics mojo, and that means buying Qlik Technologies (QLIK) or Tableau Software(DATA) - Get Report . Sure, IBM is working on Watson, but either of these companies has products generating revenue today.

Why Cramer Loves FANG

Investors looking for an explanation as to why the stocks of "FANG," Cramer's acronym for Facebook(FB) - Get Report , Amazon.com(AMZN) - Get Report , Netflix(NFLX) - Get Report and Alphabet(GOOGL) - Get Report , formerly Google, are rallying to the stratosphere need to take a lesson in psychology, Cramer told viewers.

These stocks don't trade on their fundamentals, Cramer explained, they trade on their scarcity value, the fact that no other company is even coming close to challenging their supremacy and no other company affords investors their level of growth.

Just like a classic painting, Facebook has proven itself to be one of a kind, Cramer noted, which is why he owns shares for Action Alerts PLUS, along with Alphabet, which is the sole winner in the online search and advertising space.

Many have thought Amazon could be challenged, but even Walmart(WMT) - Get Report has all but admitted defeat. As for Netflix, the online movie giant has had many naysayers over the years, all of them dead wrong.

Executive Decision: Andy Mattes

For his "Executive Decision" segment, Cramer sat down with Andy Mattes, president and CEO of Diebold on the heels of its acquisition of European rival Wincor Nixdorf for $1.8 billion. Mattes explained that Diebold's transformation from a hardware company to a software and service company continues, and today's deal will only offer higher gross margins.

Mattes said Wincor's experience in point of sale system and cash automation systems can be applied here in the U.S., while Diebold's expertise in services can be applied in Europe. Additionally, Diebold expects $160 million a year in savings at the combined company.

Beyond the acquisition, Mattes said Diebold continues to innovate with new technologies such as ATMs with iris scanners for additional security. His company continues to look into the technologies behind the virtual currency bitcoin, which he called "fascinating," as it can be applied to just about anything.

Cramer remains a fan of Diebold.

Lightning Round

In the Lightning Round, Cramer was bullish on Synchrony Financial(SYF) - Get Report , Snyders-Lance (LNCE) , AT&T(T) - Get Report , Canadian Solar(CSIQ) - Get Report and United Technologies(UTX) - Get Report .

Cramer was bearish on Royal Dutch Shell (RDS.A) , ConforMIS(CFMS) - Get Report , Molina Healthcare(MOH) - Get Report and Nimble Storage (NMBL) .

Executive Decision: Lee Schram

In his second "Executive Decision" segment, Cramer sat down with Lee Schram, CEO at Deluxe, which marked its 100-year anniversary by ringing Monday's opening bell at the New York Stock Exchange.

Schram said after growing into one of the world's largest printers of checks, Deluxe is now focusing on small businesses with a suite of products and services for the digital age that includes Web sites and marketing as well as traditional printing.

Schram said that Deluxe also continues to manage its declining check printing business, which is falling about 6% a year. Deluxe is actually gaining share in that business, he noted.

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