Today's stock market rally was all about the stocks themselves: FANG, Jim Cramer told his Mad Money viewers Thursday. Yes, FANG, Cramer's acronym for Facebook (FB) , Amazon (AMZN) , Netflix (NFLX) and Alphabet (GOOGL) has once again proven stronger than the 10-year Treasury and even tariffs and trade.

It was Facebook, an Action Alerts PLUS holding, that led the charge as shares popped 9% on strong growth and spending that was in line with analysts' expectations. Cramer said Facebook remains cheap at just 19 times next year's earnings.

After the bell, we also heard from Amazon, which soared 6% on what Cramer called the biggest earnings beat he's seen in 35 years on Wall Street.

While everyone expected a big revenue number, from Amazon, no one saw $3.27 a share in earnings when analysts were hoping for $1.27.

But Amazon and Facebook aren't even the cheapest of the FANG stocks. That honor goes to Alphabet, another Cramer favorite. He also noted strong earnings from cloud king Service Now (NOW) , up 4.5%, Advanced Micro Devices (AMD) , up 13.7% and Intel (INTC) .

Beyond earnings, the markets were also soothed by optimistic comments about China from Chief Economic Advisor Larry Kudlow. Cramer admitted that his former co-host is, at times, overly optimistic, but any softening of the trade war talk is welcome news.

Illinois Tools Works (ITW) shares fell after the company's earnings report, but Cramer and the AAP team see it as an opportunity to buy more shares. 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.

Over on Real Money, Cramer says just because rates on the 10-year are back below 3% doesn't mean that's what's driving the rally. Get more of his insights with a free trial subscription to Real Money.

A Bigger Share of the Pie 

For his "Executive Decision" segment, Cramer sat down with Patrick Doyle and Richard Allison, the outgoing and incoming CEOs of Domino's Pizza (DPZ) , which just posted a 23-cents-a-share earnings beat on a 26% increase in revenues and domestics same-store sales that topped 8.3%. Share rallied 7.3% by the close.

Allison said he's got big shoes to fill, but Domino's still has a lot of runway ahead to make more technical innovations. This quarter, Dominos' introduced hotspots, 200,000 locations like parks and sporting events where you can now have pizza delivered to. The company also continues to make stride with Dom, their AI-powered order taking assistant.

Doyle said that Domino's is never scared to experiment, and started early with things like online ordering, which is why they now have the competitive advantage and a better customer experience. It's all about doing what's right for the business, he said.

When asked about their market share, Allison said that only one out of six pizzas in the U.S. is Domino's, which leaves plenty of room to gain share in a very fragmented market.

Finally, Doyle said he's most proud of his company's franchisees, 90% of which started out as hourly employees and worked their way up to becoming entrepreneurs.

Coming up on this episode of Mad Money: Don't miss the Lightning Round. Which stocks is Cramer bullish on?

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

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