The next time you hear "FANG is dead," your response should be, "Long live FANG," Jim Cramer told his Mad Money viewers Tuesday. Because while the naysayers love to proclaim that Facebook (FB) , Amazon (AMZN) , Netflix (NFLX) and Alphabet (GOOGL) are about to crater, Cramer said nothing could be further from the truth.

Cramer said it always pays to know where the bears are coming from, and in the case of Facebook is only now putting its scandals behind them and enjoying the implosion of its chief rival, Snap (SNAP) .

Meanwhile, Amazon continues to find new businesses to enter, and a recent report on Netflix found that the company could easily raise prices without most customers batting an eye.

Finally, there's Alphabet, where the company's annual developers conference sparked tons of interest in Waymo, its self-driving car unit, among others.

Cramer extended FANG to include Apple (AAPL), which despite being down again Tuesday remains very strong.

Today's decline is likely to continue Wednesday, Cramer concluded, but by day three of the decline, just as the industrials and financials are beginning to sell-off, FANG will be recharged and ready to start moving higher again.

Baby, It's Cold Outside 

When a company reports less-than-stellar results, sometimes it's worth giving them the benefit of the doubt and listening to what they have to say before drawing any conclusions, Cramer told viewers, as he examined today's action in Home Depot (HD) .

When Home Depot's earnings were first released, the media immediately assumed that weakness at the home improvement retailer must mean the housing market has slowed. Shares immediately sold off $5. But on the company's conference call, Home Depot had a different explanation, the coldest and snowiest April in almost 20 years.

As company executives put it, customers simply don't shop for patio furniture and gardening supplies while there's still snow on the ground. But now that spring has finally arrived, Home Depot is ready. They added that so far this month, same store sales are up double digits.

Right after those comments were made, shares of Home Depot immediately changed course, reclaiming their losses. If not for the otherwise down day, shares would've closed higher.

Cramer said investors should never rush to judgment until after they hear what a company has to say.

Over on Real Money, Cramer digs into Home Depot's report and the market's responsed.

Off the Charts: Walt Disney Co. 

In the "Off The Charts" segment, Cramer checked in with colleague Tim Collins over the chart of Walt Disney Co.  (DIS) , a stock that's been getting no respect on Wall Street as of late, no matter how many billions of dollars it makes at the box office.

Collins first looked at a weekly chart of Disney, noting that shares have been stagnant for almost a year, forming a bearish head-and-shoulders pattern. But with the neckline of that pattern at $99, shares of Disney only need to gain $1 to invalidate this pattern, something the stochastics are indicating with a recent bullish crossover.

Turning to the daily chart, Collins felt the weak hands were washed out during last week's selloff and the stock's relative strength indicator is signaling a positive divergence.

Cramer said he's a fan of Disney no matter what the charts say, as this stock only gets cheaper as it goes lower.