Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
NEW YORK (TheStreet) -- Don't let your guard down after today's rally, Jim Cramer told his Mad Money viewers Monday. Cramer said the markets still have a big problem to contend with, and it's not Argentina or the Federal Reserve.
The pundits have many theories for last week's market decline, Cramer told viewers, but the real reason for the market's turmoil remains Russia. He called Russia the "hidden bear" of the stock market and one that's not talked about enough.
Cramer said the market's troubles all began after the Malaysian Airlines flight 17 was shot down over Ukraine. The tragedy was called a "game-changing event" in one company's conference call as both sanctions and increased tensions in the region could easily send all of Europe back into recession.
Russia could also turn off the natural gas supply to Europe, Cramer explained, and that's something global companies couldn't withstand. The conflict is also taking its toll on the airlines, with a survey pointing out that 36% of travelers are now afraid to fly internationally.
That's why Cramer said investors need to keep a close eye on their stocks. The market could once again turn on a dime if more news from Russia hits the headlines.
Executive Decision: Sandy Cutler
For his "Executive Decision" segment, Cramer spoke with Sandy Cutler, chairman and CEO of Eaton (ETN), a stock which Cramer owns for his charitable trust, Action Alerts PLUS. In mid-July, Eaton lowered earnings estimates, a move that garnered three analyst downgrades in a single day.
Cutler said that Eaton always tries to be transparent for its shareholders but admitted that his company has been involved in some complicated transactions that have been difficult for investors to digest.
For instance, the company did look into the possibility of spinning off its vehicle divisions but discovered it is not allowed to do a tax-free spin off for five years since the acquisition of Cooper Industries. Cramer said Eaton never had any intent to do such a spinoff, but did the homework at the urging of shareholders.
Cutler clarified that Eaton was able to hit its revenue targets, exceeded earnings by 1 cent a share, settled some legal issues and sold two of its aerospace businesses, all while continuing to integrate Cooper Industries. All of those points, he said, made for a complicated quarter.
Read More: Dodge to Tesla: Eat Your Heart Out
Cutler said he sees positive trends for the second half of 2014 and remains confident in the synergies from Cooper.
Cramer, on the other hand, said Eaton remains a company that's difficult to get your arms around.
Pay Attention to Actavis
The world's third-largest generic drug maker reports earnings Tuesday and Cramer told viewers they should be paying attention.
Cramer explained that Actavis (ACT) popped up on his radar after fund manager Leon Cooperman made the company one of his top picks. Shares have already rallied from $80 to $216, but both Cooperman and Cramer think there's still lots more to come.
Unlike the biotechs, which live and die on FDA approvals and rejections, generic drugs are a fairly stable growth-oriented business. Actavis creates value for shareholders through smart acquisitions, but still trades at just 13 times earnings with a 19% growth rate.
With a smart management team and a strong balance sheet, Cramer said he expects good things when the company reports earnings on Tuesday morning. He suggested using any weakness to buy into this terrific growth story.
Chart Week: 'FANG'
Lang said that the daily chart of Facebook, an Action Alerts PLUS name, moved up on its earnings and has been "filling in the gap" even since, getting ready for its next move higher. He was also bullish on Facebook's weekly chart, which showed a flag pattern.
Amazon has been a troubled stock, down 21% for the year, but Lang noted the chart shows it retesting the $207 level, indicating it can begin to recover.
Lang said Netflix needs to cross above its 50-day moving average before it can resume higher, but he thinks it will as the weekly chart's Williams %R oscillator remains strong.
Read More: Exclusive: Target Sizing Up Digital Deals
Finally, Lang noted that Google, another Action Alerts PLUS holding, may look like a double top with its weekly chart, so he's going to wait and see before recommending it.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer commented on his own chart work over the weekend, noting the stocks with the best-looking charts were health care-related, along with technology and the oil stocks.
Cramer said he likes looking for stocks pulling above their 30-week moving averages, and those names included Cardinal Health (CAH) and Baxter International (BAX). In technology, Apple (AAPL), another Action Alerts PLUS core position, still caught Cramer's eye, as did National Oilwell Varco (NOV) in the oil patch.
Read More: The Tekmira Ebola Trade May Already Be Over
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.
-- Written by Scott Rutt in Washington, D.C.
To email Scott about this article, click here: Scott Rutt