Tuesday's market action wasn't about a leap of faith, it was about a leap of taste, meaning good tasting stories that money managers are getting behind, Jim Cramer told his Mad Money viewers. Investors were merely being fickle, Cramer said, choosing only the stocks that are working, and avoiding those that might not.

There's a lot to like about many sectors in this market, he added, but it's wise to note that it's subject to trade-war worries.

Overall, Cramer said, there are plenty of great long-term stories that are not going away in this market, including the dominance of Amazon's (AMZN - Get Report) Web Services and the need for more and faster chips from Nvidia (NVDA - Get Report) and Advanced Micro Devices (AMD - Get Report) . But that doesn't mean the rising tide lifts all boats, as Micron Technologies (MU - Get Report) and even Apple (AAPL - Get Report) may be vulnerable after recent advances.

Despite all the rhetoric about changing healthcare, Cramer said both UnitedHealth Group (UNH - Get Report) and CVS Health (CVS - Get Report) are buys, while over the in the retail sector he liked Walmart (WMT - Get Report) , Costco (COST) and Home Depot (HD - Get Report) .

Some things that aren't working include anything linked to trade, along with anything related to falling crude oil prices. Cramer said he'd avoid both of these groups.

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Executive Decision: Norwegian Cruise Line

In an "Executive Decision" segment, Cramer sat down with Frank Del Rio, president and CEO of Norwegian Cruise Line Holdings (NCLH - Get Report) , a stock that's already up 30% for 2019.

Del Rio started off by saying that by the end of last year, everyone feared the worst for the cruise lines. They thought that a recession was coming and additional ship capacity would destroy gross margins. But instead, there was no recession and the new capacity has been absorbed and their ships remain full.

In fact, Del Rio added that he has 11 new ships ordered that will be delivered at a steady pace over the next few years. His company continues to have great visibility and cash flows. He added that most analysts and investors have never been on a modern cruise ship and simply don't know what they're missing.

When asked about the typical cruise goer, Del Rio said while boomers still make up the majority of guests, the millennial segment continues to grow. Millennials put a lot of emphasis on value, he said, and cruise ships offer a ton of value. Overall, Del Rio said guests continue to book further in advance and spend more while on board, two metric that are key for their business. 

Executive Decision: FedEx

In another "Executive Decision" segment, Cramer checked in with Fred Smith, chairman and CEO of FedEx (FDX - Get Report) , which just reported an eight-cents-a-share earnings miss with weak guidance amid a slowing global economy.

Smith explained that while international revenues were light this quarter, FedEx continues to invest in the U.S. market, including two new distribution centers in Pennsylvania and Connecticut. When asked about the slowing global economy, Smith said that both the U.S. trade war with China and the Brexit saga both continue to weigh on commerce and trade.

China remains an important hub of global manufacturing, Smith said, and while some companies have moved some of their production to neighboring regions, China will continue to be a vital hub for years to come.

When asked about domestic competition from Amazon, Smith noted that FedEx handles 14.5 million packages a day globally and no one yet knows if Amazon does indeed have plans to move into transportation or what those plans might be. 

Executive Decision: Nutanix

For another "Executive Decision" segment, Cramer sat down with Dheeraj Pandey, chairman and CEO of Nutanix (NTNX - Get Report) , the enterprise cloud software provider that holds an analyst day tomorrow.

Pandey explained his company's tepid guidance from this quarter, saying that Nutanix scaled back their lead generation activities that created new business so they could focus more on their existing customers. That strategy, he admitted, was flawed, and the company has already course-corrected to adequately manage both functions.

When asked about their business overall, Pandey said he doesn't see cloud virtualization software as being a zero-sum game between Nutanix and rival VMWare (VMW - Get Report) . He said just like smartphones made the mobile market 10 times bigger, so too will cloud computing leaving enough room for all players. Nutanix continues to grow both geographies and the number of workloads they can support on their platform.

Pandey was also bullish on his company's low churn rate for existing customers and for Nutanix' increased presence on Gartner's Magic Quadrant, an annual report that compares software companies in a given market.

Cramer and the AAP team revisit some of the ways their portfolio is exposed to the gaming sector. 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.

Ulta's Looking Good

In his "No-Huddle Offense" segment, Cramer said there's a new winner emerging in retail, and it's Ulta Beauty (ULTA - Get Report) .

While some investors worry that Ulta will be crushed by online competitors and the venerable Sephora, the company has instead knocked it out of the park, delivering 9.4% same-store sales growth. The company now boasts 31.8 million members in its rewards program. For comparison, Starbucks (SBUX - Get Report) , with 30,000 locations worldwide, only has 16 million members in its program.

The key to the company's success? Everything from a plethora of brands from mass market to prestige, personalization with plenty of rewards and deals, and a host of influencers on social media, just to name a few. 

Lightning Round

In the Lightning Round, Cramer was bullish on Guardant Health (GH) , IBM (IBM - Get Report) , Kimberly-Clark (KMB - Get Report) , Procter & Gamble (PG - Get Report) , Alibaba (BABA - Get Report) , Chipotle Mexican Grill (CMG - Get Report) and HCA Healthcare (HCA - Get Report) .

Cramer was bearish on Chesapeake Energy (CHK - Get Report) and Lumentum Holdings (LITE - Get Report) .

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At the time of publication, Cramer's Action Alerts PLUS had a position in AMZN, NVDA, AAPL, UNH, CVS, HD.