Nothing is more important to the market than the non-farm payroll numbers, Jim Cramer reminded his Mad Money viewers Monday. That's why in the absence of more trade rhetoric from Washington, stocks were able to extend Friday's gains and continue their long march higher.

Among the sectors on the move were the industrials, with Caterpillar (CAT) able to tack on some gains, despite being down 10% for the year over trade worries. Cramer said he's still a fan of United Rentals (URI), which has zero China exposure and was up 3.7% on the day. Other industrial picks included Emerson (EMR) , United Technologies (UTX) and 3M (MMM) , an Action Alerts PLUS holding.

Aerospace was also able to rally today, with Boeing (BA) once again proving that China needs it more than it needs China. Cramer said he would also consider General Electric (GE) , which he talked about in depth on Friday.

Today's rally also saw strength in the transports, with FedEx (FDX) up 2.9%. Cramer said he prefers UPS (UPS) for its strong dividend.

Finally, Cramer said shares of Wynn Resorts (WYNN) have become way too cheap over worries about its Macau casinos, and the financials should also be on investors' buy list, with Citigroup (C) being his favorite.

Cramer and the AAP team are balancing near-term expectations as we head into earnings season by trimming Eli Lilly (LLY) on strength.

No-Huddle Offense 

In his "No-Huddle Offense" segment, Cramer admitted this stock market just keeps doing the impossible. Even with strong job growth, we're seeing strength in defensive stocks, like drugmakers, REITs, healthcare and utilities. That's just not supposed to happen. These are the stocks people buy when the economy is slowing and we're heading towards recession.

But so far, we've seen no evidence whatsoever that the economy is slowing, even with the Federal Reserve raising interest rates and President Trump upsetting global trade. Our manufacturing sector continues to grow, while our new economy, including data centers, keeps growing as well.

source: TheStreet