Why are investors flocking to the Nasdaq? Jim Cramer told his Mad Money viewers Monday it's because that's where the money is. In fact, strength in the Nasdaq has been so strong, Cramer said he's going to need a new acronym to replace FANG.

Today saw more strength in Apple (AAPL) , an Action Alerts PLUS holding, as investors received another reminder that Apple not only sells hardware, but also the lucrative services that drive them. Its services segment alone could now be a Fortune 80 company.

But today's strength wasn't just in Apple. It was also the semiconductors, where Nvidia (NVDA) and Intel (INTC) led the charge. We also saw strength in Microsoft (MSFT) , which announced it's buying the developer platform GitHub for $7.5 billion in stock.

Then there's cloud king Adobe Systems (ADBE) , which is up 44.5% for the year, and the payment processors like Square (SQ) and PayPal (PYPL) . Even the biotechs were able to close the day higher, with Regeneron (REGN) and Amgen (AMGN) the notable standouts.

About the only thing not to like in the Nasdaq today was Starbucks (SBUX) , which announced that former CEO Howard Schultz was stepping down from his position as executive chairman.

So it appears the Nasdaq wasn't left for dead, Cramer concluded. It was just resting. Now that's it has awakened, there's likely more room to run.

Cramer and the AAP are talking about the news that Microsoft is planning to buy software developer platform GitHub for $7.5 billion in stock. 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

In the "Off The Charts" segment, Cramer checked in with colleague Bob Lang over the charts of the Mexican casual dining group, particularly the chains of Chipotle Mexican Grill (CMG) , Del Taco (TACO) and El Pollo Loco (LOCO) .

Lang felt the daily chart of Chipotle was the best of the group, after gapping higher on strong earnings in April, the stock has been consolidating every since and is now poised for its next leg upwards.

Lang was also bullish on Del Taco, noting the stocks' 25% move to the upside from its March lows, with strong RSI and MACD momentum indicators.

Lang was even bullish on Pollo Loco, noting that while the stock's rally appears stalled, the RSI is slowly climbing and the stock could take out its 2017 highs by the end of the year.

Cramer said he's a fan of Del Taco and also felt Chipotle was the best of the group. He was not a fan of El Pollo Loco, despite Lang's bullish outlook.

For more analyses and to see the charts, read Mexican Restaurants Are Heating Up: Cramer's 'Off the Charts'.  

Executive Decision: Wyndham Hotels & Resorts

For his "Executive Decision" segment, Cramer sat down with Geoff Ballotti, CEO of Wyndham Hotels & Resorts (WH) , the new spinoff from Wyndham Worldwide (WYND) , which operates 8,400 locations under the Wyndham, Ramada, Super 8, Days Inn, and Howard Johnson brands, among others.

Ballotti said that as an independent company, investors in Wyndham Hotel can expect consistent income that will include a $300 million stock buyback and the $1-a-share dividend that the company announced Monday. It also frees the company to do more transformational deals, such as their purchase of LaQuinta for $1.95 billion announced in January of this year.

When asked about his business, Ballotti explained that they're seeing demand for new hotels around the globe and with 20 different brands, their franchisees are seeing plenty of opportunities to grow with their company like never before. Younger consumers today want upscale properties for economy prices, Ballotti added, and that's what Wyndham provides and part of the reason why they're opening two hotels a day, everyday.

Executive Decision: Henry Schein

In his second "Executive Decision" segment, Cramer also welcomed back Stanley Bergman, chairman and CEO of dental supplier Henry Schein (HSIC) , a stock which has been under pressure over concerns about its growth.

Bergman said that they remain optimistic about Henry Schein's outlook and reiterate their guidance for EPS growth between 12% and 15% this year. He said while some believe that online dental supplies are taking market share, their research suggests that electronic ordering overall has not fared well.

When asked about their business, Bergman said he's very excited about the opportunities on the human side of their business, as research has shown that good dental care is correlated with good healthcare overall. He was also upbeat over the upcoming spinoff of their animal care business, as veterinarians are writing more and more prescriptions for our companion animals.

No-Huddle Offense

In his "No-Huddle Offense" segment, Cramer said it's hard to believe that it was just a week ago that the markets were fretting over a spike in Italian bond yields, an event that was reported as something that could lead the global markets to ruin. Yet here we are a week later and Italian bond yields are right back to where they started.

Cramer explained that there's a whole class of investors that are simply terrified of anything that threatens the status quo and they cannot handle any amount of uncertainty. And since there are no rules for reporting this kind of thing, there are incentives for the media to speculate on the worst, while ignoring any potential positives.

Cramer said the fact is that while the Italian government may be extremist, it would be hard to be worse than the dysfunction that preceded it. Additionally, any weakness in Europe only bolsters the U.S. markets, which are looking stronger than ever.

So the next time you read doom-and-gloom headlines, remember that it's at least possible that a week later, you may never know it even happened.

Over on Real Money, Cramer says European "woe-is-me" stories burst onto the scene, explode and quickly fade. Get more of his insights with a free trial subscription to Real Money. 

Lightning Round

In the Lightning Round, Cramer was bullish on HollyFrontier (HFC) , Marathon Petroleum (MPC) , Valero Energy (VLO) , LAM Research (LRCX) , Diamondback Energy (FANG) , Emerson Electric (EMR) and Progress Software (PRGS) .

Cramer was bearish on Ichor Holdings (ICHR) and Monster Beverage (MNST) .

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At the time of publication, Cramer's Action Alerts PLUS had a position in MSFT, AAPL, NVDA, PYPL, EMR.

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