The next time you hear "FANG is dead," your response should be, "Long live FANG," Jim Cramer told his Mad Money viewers Tuesday. Because while the naysayers love to proclaim that Facebook (FB) , Amazon (AMZN) , Netflix (NFLX) and Alphabet (GOOGL) are about to crater, Cramer said nothing could be further from the truth.

Cramer said it always pays to know where the bears are coming from, and in the case of Facebook, this Action Alerts PLUS holding is only now putting its scandals behind them and enjoying the implosion of its chief rival, Snap (SNAP) .

Meanwhile, Amazon continues to find new businesses to enter, and a recent report on Netflix found that the company could easily raise prices without most customers batting an eye.

Finally, there's Alphabet, where the company's annual developers conference sparked tons of interest in Waymo, its self-driving car unit, among others.

Cramer extended FANG to include Apple (AAPL) , another Action Alerts PLUS name that he said should be bough into any weakness, and Nvidia (NVDA) , which despite being down again Tuesday remains very strong.

Today's decline is likely to continue Wednesday, Cramer concluded, but by day three of the decline, just as the industrials and financials are beginning to sell-off, FANG will be recharged and ready to start moving higher again.

Cramer and the AAP team say they're not itching to buy under these conditions, but are keeping an eye on WestRock (WRK) and Textron (TXT) . 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.

Baby, It's Cold Outside 

When a company reports less-than-stellar results, sometimes it's worth giving them the benefit of the doubt and listening to what they have to say before drawing any conclusions, Cramer told viewers, as he examined today's action in Home Depot (HD) .

When Home Depot's earnings were first released, the media immediately assumed that weakness at the home improvement retailer must mean the housing market has slowed. Shares immediately sold off $5. But on the company's conference call, Home Depot had a different explanation, the coldest and snowiest April in almost 20 years.

As company executives put it, customers simply don't shop for patio furniture and gardening supplies while there's still snow on the ground. But now that spring has finally arrived, Home Depot is ready. They added that so far this month, same store sales are up double digits.

Right after those comments were made, shares of Home Depot immediately changed course, reclaiming their losses. If not for the otherwise down day, shares would've closed higher.

Cramer said investors should never rush to judgement until after they hear what a company has to say.

Over on Real Money, Cramer digs into Home Depot's report and the market's response. Get more of his insights with a free trial subscription to Real Money.

Off the Charts: Walt Disney Co. 

In the "Off The Charts" segment, Cramer checked in with colleague Tim Collins over the chart of Walt Disney Co.  (DIS) , a stock that's been getting no respect on Wall Street as of late, no matter how many billions of dollars it makes at the box office.

Collins first looked at a weekly chart of Disney, noting that shares have been stagnant for almost a year, forming a bearish head-and-shoulders pattern. But with the neckline of that pattern at $99, shares of Disney only need to gain $1 to invalidate this pattern, something the stochastics are indicating with a recent bullish crossover.

Turning to the daily chart, Collins felt the weak hands were washed out during last week's selloff and the stock's relative strength indicator is signaling a positive divergence.

Cramer said he's a fan of Disney no matter what the charts say, as this stock only gets cheaper as it goes lower.

To see the charts and read more about Cramer and Collins' analysis, see Stock Wars and Walt Disney Co.: Cramer's 'Off the Charts'.

Executive Decision: Welbilt

For his "Executive Decision" segment, Cramer sat down with Hubertus Muehlhaeuser, CEO of restaurant equipment supplier Welbilt (WBT) , a stock which has fallen 18% for 2018, despite trading at just 18 times earnings with a 20% long-term growth rate.

Muehlhaeuser explained that the restaurant business really isn't as cyclical as many people believe. It's a steady business with a number of positive trends that are helping it grow, such as the need to reduce labor costs and food spoilage, increase automation and the trend toward smaller footprint locations.

Many restaurants have made investments in technology and automation for ordering, Muehlhaeuser added, and they're now finding they need just as many investments in the kitchen to fulfill those orders.

Muehlhaeuser talked about his company's partnership with Zume, a collaboration to put ovens into trucks so your next pizza will be baked while it's on its way to your home. He said the system will be completely automated to provide the freshest pizza you can buy. 

Executive Decision: CBRE Group

In another "Executive Decision" segment, Cramer sat down with Bob Sulentic, president and CEO of CBRE Group (CBRE) , the commercial real estate services company with shares up 8% for 2018 after soaring 40% last year.

Sulentic said that CBRE is entering its eighth year of double-digit earnings growth and they forecast double digits again this year. CBRE currently manages over five billion square feet of office space that is occupied by nine million people.

With all of the data, CBRE is now working on applications to help those people and those buildings run more efficiently.

When asked about the outlook, Sulentic painted a bullish picture, saying that this far into an economic expansion, you wouldn't typically see vacancy as low as it is now, but the trend is continuing. New space is being occupied before it's being built, he added, which is why they're forecasting strong growth for awhile to come. 

Lightning Round

In the Lightning Round, Cramer was bullish on Consolidated Edison (ED) , American Electric Power (AEP) and Clorox (CLX) .

Cramer was bearish on Chesapeake Energy (CHK) , Adaptimmune Therapeutics (ADAP) , Icahn Enterprises (IEP) , Bristol-Myers Squibb (BMY) , Quad/Graphics (QUAD) , Spectra Energy Partners (SEP) and L Brands (LB) .

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At the time of publication, Cramer's Action Alerts PLUS had a position in WRK, TXT, FB, AMZN, GOOGL, AAPL, NVDA.

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