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Last week's market selloff played out pretty much as Jim Cramer predicted it would. He hold his Mad Money viewers Tuesday that after three days of declines and sector rotations, the bulls returned today and the bears pretended their doom-and-gloom comments never happened.

Cramer said those bears were just lucking that the "A" in "FANG" stands for Amazon (AMZN) - Get Free Report and not Apple (AAPL) - Get Free Report , which delivered a blowout quarter that sent the likes of Cirrus Logic (CRUS) - Get Free Report , Skyworks Solutions (SWKS) - Get Free Report and Broadcom (AVGO) - Get Free Report soaring.

What should investors do now? It's OK to sell a little into strength and raise cash, Cramer said. That way you'll be prepared for the next big market decline, armed with all the funds you'll need to pick up the bargains.

For those that want to ride the bull a little longer, Cramer provided a shopping list of companies with terrific quarters that still represent value. That list included Constellation Brands (STZ) - Get Free Report , FedEx (FDX) - Get Free Report , Intel (INTC) - Get Free Report , 3M (MMM) - Get Free Report , Oracle (ORCL) - Get Free Report , Stanley Black & Decker (SWK) - Get Free Report and Texas Instruments (TXN) - Get Free Report , along with T-Mobile (TMUS) - Get Free Report , Visa (V) - Get Free Report and Verizon (VZ) - Get Free Report for its terrific yield.

On Real Money, Cramer says that opportunity is still knocking for these survivor stocks. Get his insights with a free trial subscription to Real Money.

Executive Decision: CBRE Group

For his "Executive Decision" segment, Cramer sat down with Bob Sulentic, president and CEO of CBRE Group undefined , the property management company with shares that are up over 30% since Cramer last spoke with Sulentic on May 10. CBRE Group just posted a 12-cents-a-share earnings beat for the quarter.

Sulentic said that CBRE's strength stems from its well-timed acquisitions, its organic growth and its ability to follow customers around the globe. Whether a company needs to buy, sell, lease or manage a building, CBRE has the talent and capability to help. They help streamline operations and control costs.

Sulentic added that the U.K. and London markets in particular were stronger this year than last and real estate in New York City also continues to expand.

Cramer said that unlike owning a small sliver of a single building, investors looking to invest in real estate would do far better by owning CBRE. Sulentic said that their shareholders have the benefits of a well diversified portfolio of services and geographies.

Retail: Revival or Survival?

It looks like the fears about Amazon taking over the world might at last be receding, Cramer told viewers, at least for a little while.

Case in point: Shares of Ulta Beauty (ULTA) - Get Free Report were able to rally after falling hard on a recent downgrade. Cramer said investors need to tread lightly with Ulta, which still trades at 33 times earnings.

Shares of Home Depot (HD) - Get Free Report and Costco (COST) - Get Free Report have also been holding their ground. Cramer said Home Depot's valuation of 20 times earnings may temper the outlook, but he still likes the stock. Costco, however, may have a tougher time, as new grocery competitors may continue to crimp Costco's valuation of 27 times earnings.

Walmart (WMT) - Get Free Report may be another victim of grocery competition, but Cramer said he still likes the company's acquisition. Other retailers, like Best Buy (BBY) - Get Free Report , Macy's (M) - Get Free Report and Kohl's Stores (KSS) - Get Free Report  , may also be able to tack on at least short-term gains while Amazon remains out of the daily news cycle.

Cramer and the AAP team say Illinois Tool Works (ITW) - Get Free Report is a good use of cash. Get in on the conversation with a free trial subscription to Action Alerts PLUS.

Executive Decision: Ellie Mae

In his second "Executive Decision" segment, Cramer spoke with Jonathan Corr, CEO of mortgage originator Ellie Mae (ELLI) , a stock that plummeted over 17% last Friday after the company reported less-than-stellar results.

Corr explained the disappointment as a transition from new home purchasing to refinancing that had a bigger impact than originally projected. He said much of that transition has now been completed and Ellie Mae's business continues to grow quite well.

More important than the volume of residential mortgage activity is the number of originators that uses Ellie Mae's platform, Corr added. He said on that front business continues to be solid and they're quite confident looking towards the second half of 2017.

Lightning Round

In the Lightning Round, Cramer was bullish on Brookfield Infrastructure Partners (BIP) - Get Free Report .

Cramer was bearish on Snap-on (SNA) - Get Free Report , Teekay Shipping (TK) - Get Free Report , Nordic American Tanker (NAT) - Get Free Report , FLIR Systems (FLIR) - Get Free Report and GW Pharmaceuticals (GWPH) - Get Free Report .

Off the Charts

In the "Off The Charts" segment, Cramer checked in with colleague Mark Sebastian over the direction of the market as seen through the eyes of the CBOE Volatility Index, known better by its ticker, the VIX.

Looking at a chart comparing the S&P 500 versus the VIX, Sebastian noted the normal healthy relationship, with the S&P heading higher while the VIX heads lower. Historically speaking, the VIX's current level, below 10, is very low.

Sebastian also noted that both of this year's spikes in the VIX, in April and again in May, were short-lived. With the biggest dip in the S&P this year standing at just 1%, Sebastian didn't see much to worry about.

Cramer said the market is slowly grinding higher and that's what a bull market looks like. Sebastian felt a selloff during the next few weeks is likely, but it will likely be akin to the brief dip we saw in April.

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At the time of publication, Cramer's Action Alerts PLUS had positions in AAPL, AVGO, ITW.