Is President Trump's positive assessment of the stock market right? Jim Cramer took a look at the 10 best-performing stocks in the Dow Jones Industrial Average to give his Mad Money viewers his assessment.

Cramer said that in some cases, like Tesla (TSLA) , the valuation doesn't match the fundamentals. But with Tesla, if you consider the company's potential, even Tesla's valuation might be justified.

As for those 10 top performers in the Dow, Cramer said that Boeing (BA) tops the list and that stock's performance is totally merited. Next is Apple (AAPL) , an Action Alerts PLUS holding. Apple's service business alone is big enough to be in the Fortune 100 and is growing at 22%.

Further down the list is Visa (V) , McDonalds (MCD) and Caterpillar (CAT) , three more names with terrific growth stories. When it comes to healthcare, you can't do better than Unitedhealth Group (UNH) , which also makes the top 10.

Then there's Nike (NKE) , which has struggled as of late, but has plenty of room to run before catching up to its peers. Walmart (WMT) is another name not living up to its potential and is perhaps the only retailer capable of challenging Amazon (AMZN) .

Lastly, there's Microsoft (MSFT) and American Express (AXP) . Cramer said Microsoft should certainly be higher, while American Express is the only one on the list where it's hard to make a case for owning it.

Based on his bottoms-up assessment, Cramer said he thinks the market is justified in its rise and all of these names, sans one, are worth owning.

On Real Money, Cramer says that you have to admit, Trump's getting this market outlook right. Get his insights with a free trial subscription to Real Money.

Executive Decision: Clorox

For his "Executive Decision" segment, Cramer again welcomed Benno Dorer, chairman and CEO of Clorox (CLX) , the household products maker that just posted a strong quarter with a four-cents-a-share earnings beat on a 2.9% rise in revenues.

Dorer started off by saying that employee engagement directly correlates with performance and he's delighted that his team feels empowered to take risks and to innovate. Clorox remains intensely focused on their consumers, providing differentiated brands and products that all offer sharp value.

When asked about online sales, Dorer explained that Clorox continues to invest in online advertising. Digital still only represents 4% of sales, but is growing fast, he noted.

Dorer also sees lots of opportunity in their Renew Life natural health brand, which the company acquired a year ago. He said that segment remains fragmented and has plenty of growth ahead of it.

Shares of Clorox closed up more than 2% today.

Cramer and the AAP team have strong feelings about Apache Corp. (APA)  right now. Find out what they're telling their investment club members now and get in on the conversation with a free trial subscription to Action Alerts PLUS.

A Decade Later and We Still Remember 

It's hard to believe that its been 10 years since Cramer's infamous "They know nothing" rant against the Federal Reserve in the weeks and months leading up to the financial crisis. Cramer admitted that his passion got the better of him that day and by television standards he "lost it."

What was so frustrating, Cramer said, was the disconnect between what the Fed said it saw (rising inflation) versus what he was being told by traders on Wall Street, which was a tidal wave of mortgage defaults. Never before had homeowners simply walked away from their homes and mortgages by the tens of thousands. Homes used to require big down payments, but now with no-money-down options, they could just give back the keys and leave.

Years laters, the transcripts of the Fed's meetings revealed them laughing at Cramer's dire assessment of the situation. Little did they know what was lurking just around the corner.

Did Cramer's rant really change anything? No, he admitted, not really. But a decade later, he's still glad he spoke up and tried.

Executive Decision: Wyndham Worldwide 

In his second "Executive Decision" segment, Cramer sat down with Steve Holmes, chairman and CEO of Wyndham Worldwide (WYN) , which just reported strong quarterly results and announced that it will be splitting itself into a hotel company and a time share company.

Holmes said that most companies in his industry start with hotels, then add time shares, but Wyndham started the other way, which meant that they were never really as connected as some of their peers. Splitting the two will allow the true value of the company to be unlocked.

When asked about their time share business, Holmes said that after focusing on their existing customers, Wyndham is once again turning towards getting new owners into the time share market. He said his company's rental business in Europe is doing extremely well, but that model is difficult for investors in the U.S. to understand.

Cramer said that Holmes has made investors a lot of money and he can't wait to see what he does next.

Executive Decision: Martin Marietta Materials

For his final "Executive Decision" segment, Cramer sat down with Ward Nye, president, chairman and CEO of Martin Marietta Materials Inc.  (MLM) , which just posted an 11-cents-a-share earnings miss but still sees plenty of opportunity ahead.

Nye said that Martin Marietta had a record quarter and continues to invest in acquisitions to expand their geography. He said while increased infrastructure spending from the federal government remains elusive, there is a lot more bipartisan agreement ahead on infrastructure than there is on healthcare.

Fortunately, even without the federal government, Martin Marietta is seeing a good runway ahead in both the public and private sectors. Many states, including Florida, Texas and Georgia are increasing their infrastructure spending and aren't waiting for Washington.

When asked about their capital allocation, Nye said that priorities haven't changed and they remain committed to investing in organic growth as well as maintaining their dividend and returning cash to shareholders.

Lightning Round

In the Lightning Round, Cramer was bullish on Baozun (BZUN) , Expedia (EXPE) and Scientific Games (SGMS) .

This article is being updated. Please refresh for the latest version.

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

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.

More of What's Trending on TheStreet:

At the time of publication, Cramer's Action Alerts PLUS had a position in APA, AAPL.

More from Jim Cramer

Snap, Gilead Sciences, Cronos Group: 'Mad Money' Lightning Round

Snap, Gilead Sciences, Cronos Group: 'Mad Money' Lightning Round

The Trouble With Trump's Tariffs: Cramer's 'Mad Money' Recap (Friday 6/22/18)

The Trouble With Trump's Tariffs: Cramer's 'Mad Money' Recap (Friday 6/22/18)

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Jim Cramer: Some Industrials Stocks Are Becoming Great Values

Jim Cramer: Some Industrials Stocks Are Becoming Great Values

Jim Cramer Reacts to Toni Sacconaghi's Latest Tesla Note

Jim Cramer Reacts to Toni Sacconaghi's Latest Tesla Note