"When OPEC didn't cut, everyone thought oil would open down $10, down $7," said Jim Cramer on CNBC's "Stop Trading!" segment on Monday. "It opened down a couple of bucks, and then reversed. This is a sign of global strength."

Last week, Cramer said that JPMorgan ( JPM) was going higher and that if it broke into the $20s, " the rally might have legs." The stock was recently trading at about $24.20. Cramer said that betting against CEO Jamie Dimon "has always been foolish, always, and it will be foolish again."

"There's just so much excitement about Cisco ( CSCO) vs. Hewlett-Packard ( HPQ)," said Cramer, both of which he owns for his Action Alerts PLUS charitable trust. "A lot of the underlying current is where would VMware ( VMW) be best."

Cramer said that Vmware eventually "has to be a sought-after product for these two" and that investors should keep their eyes on VMware and EMC ( EMC).

"EMC is the class of the field, and they own VMware," he said. "EMC has been $10 for what seems like ages, but maybe this guy is undervalued."
At the time of publication, Cramer was long Cisco, JPMorgan and Hewlett-Packard.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.

If you liked this article you might like

Here the One Business That Could Fit 'Perfectly' Inside Meg Whitman's Overhauled Hewlett Packard

HP Enterprise Could Use an Expected Software Windfall to Make Hardware Acquisitions

7 Stocks Trading on Big Volume -- and What to Do With Them Now

EMC Stock Higher, Dell's $63 Billion Deal Closing Next Week

John Paulson Bought These 5 Stocks -- but the Charts Say Sell