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NEW YORK (TheStreet) -- There's no reason to panic and sell, Jim Cramer said on Mad Money Monday as the markets continued to process global worries. But there's also no reason to run out and buy either, Cramer continued, as he urged investors to wait for a better time to buy.

So why haven't the markets been crushed by the threat of tougher sanctions on Russia? Cramer rattled off a laundry list of reasons including the fact that Europe, which is far more dependent on energy from Russia, isn't likely to let sanctions get out of hand. That means that some U.S. companies may get hit by a few cents a share in earnings, but nothing that'll really hurt their bottom lines.

But the markets are also holding strong on the continued flight to quality in bonds, Cramer added, which is keeping interest rates low.

Then there's what Cramer called "company self help," where companies like Allergan (AGN) - Get Allergan plc Report are cutting costs to fight off a hostile takeover. Other companies are turning themselves around thanks to activist investors, while still others, like Chipotle Mexican Grill (CMG) - Get Chipotle Mexican Grill, Inc. Report are just delivering stellar earnings that sent their shares up a quick 9%.

Don't forget the initial public offering market has been quiet, Cramer added, which also helps the supply and demand equation and helps keep things in balance.

Add all these reasons together and its easy to see why the markets just aren't that concerned over Russia, at least not yet.

Executive Decision: David Cote

For his "Executive Decision" segment, Cramer sat down with David Cote, chairman and CEO of Honeywell (HON) - Get Honeywell International Inc. (HON) Report, a stock that hit new all-time highs today and is up more than 8% since Cramer last checked in back in January.

Cote once again talked about Honeywell's three-legged stool of success. He said it starts with the company's great portfolio of businesses, then is helped along by solid business processes to get the job done and a corporate culture that sustains and innovates. That's how the company can continue firing on all cylinders, Cote said.

When asked about the Honeywell's portfolio of energy products, Cote explained his company offers a multitude of products that helps get more from every barrel of oil produced and does so in as eco-friendly a way as possible.

But oil isn't even the most exciting part of Honeywell's energy offerings. Cote said his company can extract a drop-in replacement for diesel fuel from oil made with algae and seaweed. He said the cost is equivalent to processing a barrel of transitional oil, but the challenge is investing in the infrastructure to make it happen on a larger scale.

Cramer continued his support for Cote and for Honeywell's shares, which he said still have a lot more room to run.

That Other MMM

It's time to rock and roll with Martin Marietta Materials (MLM) - Get Martin Marietta Materials, Inc. (MLM) Report, makers of the rocks, sand, gravel and aggregates that power our construction industry, Cramer told viewers.

Cramer said Martin Marietta's $2 billion acquisition of Texas Industries closed just three weeks ago but it was a transformational deal for the company. Why? Because it gives the company exposure to the red-hot Texas market. In fact, Martin Marietta will now derive 34% of sales from Texas, which is booming thanks to the oil and gas revolution.

Don't forget that consolidation is always good for gross margins, Cramer continued. Martin Marietta is no exception. The company expects to see healthier margins with the decrease in competition.

Then there's the 2012 highway bill, where the funding is only now flowing into projects. Roads and bridges use a lot of aggregate, Cramer said, and he expects Congress to fully fund the highway bill before the August recess.

TheStreet Recommends

Shares of Martin Marietta trade at a 30% discount to its rival Vulcan Materials (VMC) - Get Vulcan Materials Company Report, Cramer noted, but with the Texas Industries deal complete that should no longer be the case.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said while he's a big fan of GoPro's (GPRO) - Get GoPro, Inc. Class A Report cameras and accessories, he's not exactly sure what the company's stock is ultimately worth.

Cramer said GoPro remains on the cutting edge of content-enabling devices and has proven its market is a lot bigger than just surfers and other action sports enthusiasts. The company is also profitable. But how big can GoPro ultimately get? It's hard to say.

That said, Cramer said he'd be a buyer of GoPro going into its earnings release, which should be stellar. Longer term, however, buyer beware.

Lightning Round

In the Lightning Round, Cramer was bullish on Sunoco Logistics Partners (SXL) , Ambarella (AMBA) - Get Ambarella, Inc. Report, Sanchez Energy (SN) - Get Sanchez Energy Corporation Report, Reynolds American (RAI) , GW Pharmaceuticals (GWPH) - Get GW Pharmaceuticals PLC Sponsored ADR Report, American Airlines (AAL) - Get American Airlines Group, Inc. Report and America Movil (AMX) - Get America Movil SAB de CV Sponsored ADR Class L Report.

Cramer was bearish on Tumi Holdings (TUMI) .

Executive Decision: Daniel Starks

In his second "Executive Decision" segment, Cramer with Daniel Starks, chairman, president and CEO of St. Jude Medical (STJ) , a stock that's up just 8% in 2014 after a stellar run in 2013. St. Jude reported a 2-cents-a-share earnings beat on a 3% rise in revenue while raising full-year guidance.

Starks said that starting in 2015 St. Jude will begin benefiting from a stream of new products stemming from its recent acquisitions. He said some of those products aim to reduce hospital re-admissions for cardiac patients, something Medicare is rewarding providers for doing.

When asked about rival Medtronic's (MDT) - Get Medtronic Plc (MDT) Report decision to re-incorporate outside of the U.S., Starks said that he's both sympathetic and concerned by Medtronic's decision. He said there's no doubt the U.S. tax code is burdensome and puts U.S. companies at a disadvantage. That said, St. Jude have no plans to follow suit and is instead looking to reduce its taxes as much as possible while remaining in the U.S.

Cramer said he thinks St. Jude looks terrific for 2015 and beyond.

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

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-- Written by Scott Rutt in Washington, D.C.

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.