Good news: France didn't implode over the weekend. That means positive corporate news still matters on Wall Street, Jim Cramer told his Mad Money viewers Monday, and good news was plentiful today.

Cramer said now that the French election is seemingly a non-issue for investors, we can once again focus on what matters most: earnings and mergers. Case in point, Becton Dickinson (BDX - Get Report) ponying up $24 billion to buy C. R. Bard (BCR) , news that sent shares of Bard up over 19.5% in a single session.

On the earnings front, we saw blowout numbers from Hasbro (HAS - Get Report) that shot shares higher by 5.9%, along with strong results from Illinois Tool Works (ITW - Get Report) , which ended the day up 3.9%.

Cramer noted that Honeywell (HON - Get Report) also delivered and was rewarded with shares up 2.1%, while Action Alerts PLUS holding, KeyCorp (KEY - Get Report) , was up 2.2%.

Beyond earnings, the semiconductor group also continued to roar, and Cramer said he's still a fan of this sector.

As for investors waiting for a big Trump tax announcement, Cramer said he's not holding his breath for any major news. Fortunately the market is strong enough to rise without it.

Meanwhile, over on Real Money, Cramer talks about the best way to make the most of what's happening at home: better-than-expected earnings from a host of companies, as well as continued merger activity. Get his insights with a free trial subscription to Real Money.

Watching for the Next Buying Opportunity

If you missed the buying opportunity last week ahead of the French election, no problem, Cramer told viewers, there will always be another time to buy.

Cramer said that investors must always remember that discipline trumps conviction, and sometimes that means admitting when you missed your chance. It's hard to break from the herd and buy when everyone else is selling, but that's what it takes to make money in the stock market. Fortunately, if you missed last week's pullback, there's another one possibly coming up later this week.

Fears of a looming government shutdown later this week are very real, Cramer noted, and that means investors need to have their shopping list ready for when the weakness hits. He likes Honeywell, Stanley Black & Decker (SWK - Get Report) , any of the banks, LAM Research (LRCX - Get Report) and even railroad CSX (CSX - Get Report) .

Executive Decision: Hasbro

Digging deeper into the stellar results at Hasbro, Cramer used his "Executive Decision" segment to speak with Brian Goldner, Hasbro's chairman, president and CEO to learn more about the company's monster 16-cents-a-share earnings beat.

Goldner said that Hasbro starts with consumer insights to understand their audience, then surrounds them with great storytelling. That's why things like the company's new social media gaming efforts are resonating so well in the mobile gaming space.

Hasbro is also innovating in other ways, and will soon offer a gaming crate subscription service that will provide multiple exclusive games four times a year for just $49.99 per crate. The company also has a star-studded line of toys coming up for its Transformers and My Little Pony franchises, which are hitting the big screen again this year.

Hasbro also is the exclusive maker of Walt Disney (DIS - Get Report) toys, which includes the coming 40th anniversary of "Star Wars" and beyond.

Cramer said the stock of Hasbro is not done going higher.

Executive Decision: T-Mobile

In his second "Executive Decision" segment, Cramer also checked in with John Legere, the outspoken president and CEO of T-Mobile (TMUS - Get Report) , which today posted a four-cents-a-share earnings beat with an 11% rise in revenues and industry-leading growth.

When asked where all of T-Mobile's new customers are coming from, Legere said that "dumb and dumber" continue to donate customers to T-Mobile every quarter, which is why their churn rates are very low and why they still have lots of growth to come.

Legere was not phased by light revenues this quarter, saying that there are big events from both Samsung and Apple (AAPL - Get Report) coming later this year. He was also very bullish on T-Mobile's future, saying that after a very successful spectrum auction, they are well positioned for the coming 5G upgrade cycle.

As for resonating with younger customers, Legere joked that as a "super-cool CEO in his late twenties," he can see eye-to-eye with this most coveted demographic.

Cramer and the AAP team say that while major political events like the French elections can cause volatility, they cannot ignore the strong performances of U.S. corporations. Find out what they're telling their investment club members. Get a free trial subscription to Action Alerts PLUS.

Executive Decision: Illinois Toolworks

In his a third "Executive Decision" segment, Cramer also found time to sit down with Scott Santi, chairman and CEO of Illinois Tool Works, another company that saw strong earnings this quarter, posting a nine-cents-a-share earnings beat with solid 3.5% organic growth.

Santi describer Illinois Tool as a value-added problem solver, one that operates in many niche businesses but also one that has plenty of growth ahead of it. The company recognized long ago that 80% of its revenues stem from just 20% of its product lines, which is why they now have a tight focus on serving those customers and product lines that make a difference to the bottom line.

Illinois Tool is not only generating strong results here in the U.S., Santi said that his company saw a 6% uptick in sales in Europe as well.

Santi said that his company also continues to innovate. As the skilled labor pool for welders has been drying up, Illinois Tool has been making more sophisticated tools that require less skill to operate.

Lightning Round

In the Lightning Round, Cramer was bullish on Berkshire Hathaway (BRK.B - Get Report) , Materion (MTRN - Get Report) , Cara Therapeutics (CARA - Get Report) , Southwest Airlines (LUV - Get Report) , Alaska Air Group (ALK - Get Report) , Delta Air Lines (DAL - Get Report) and Abbott Laboratories (ABT - Get Report) .

Cramer was bearish on Valeant Pharmaceuticals (VRX) , Chesapeake Energy (CHK - Get Report) , Weatherford International (WFT - Get Report) and American Airlines (AAL) .

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