Jim Cramer attributes market resilience to Big Tech's earnings success

watch now2:2202:22Market is resilient after Trump fires head of Bureau of Labor Statistics: Jim CramerMad Money with Jim CramerCNBC's Jim Cramer reviewed Monday's market action and told investors that stocks' rebound from last week was lead by positive news from the Magnificent Seven stocks — Microsoft, Meta, Amazon, Apple, Alphabet, Nvidia and Tesla."Now, some of that may be because…the Fed has to cut, maybe even before September — I mean, that's how weak the employment numbers are," he said. "But at the heart of the market's resilience is, well…the Magnificent Seven."The indexes closed in the red on Friday as investors worried a much weaker-than-expected labor report and President Donald Trump's modification of "recical" tariffs on a number of countries

But stocks reversed course on Monday, and the Dow Jones Industrial Average jumped 1.34%, the S&P 500 added 1.47% and the Nasdaq Composite surged 1.95%.The market doesn't seem to be concerned that Trump suddenly fired the Bureau of Labor and Statistics Commissioner, Erika McEntarfer, and accused her of manipulating jobs data, Cramer said

Many of stocks that had been strong on Thursday but sank on Friday ceeded to recoup their losses during Monday's session, he pointed out.Cramer reviewed recent earnings from the titans, starting with Microsoft

He called the quarter "flawless," saying the company seems to be doing well in every segment of

He noted that its cloud infrastructure division, Azure, saw a huge acceleration in growth

Cramer was also impressed with some figures from Meta's recent report, especially management's claim that 3.5 billion people use at least one Meta duct a day.Alphabet is seeing success throughout the company, Cramer said, including its Google , Youtube and AI duct, Gemini

He also said the Waymo is building a nice lead over the rest of the autonomous vehicle space

Apple had a "tremendous" report, Cramer continued, emphasizing its better-than-expected growth

He was encouraged by management's s on artificial intelligence innovations in the future

Amazon also did well, Cramer continued, with good results from retail sales and advertising revenue, as well as decent numbers from the web services division.While Cramer said Tesla's vehicle is poor, he said it's doing very well as a company

He suggested it's worth owning for its autonomous driving and robots

Although Nvidia has yet to report, Cramer expressed optimism the chipmaker and demand for its ducts."Even though the Mag Seven has one hand tied behind its back with Tesla, we had tepid reactions to Apple and Amazon's numbers," he said. "The fact is that these companies, loaded with cash, not outrageously expensive — nation states, I call them — with multiple revenue s and tight expenses, just can't be beat by any stretch of the numbers or the imagination."watch now10:4910:49The Mag 7 stocks can't be beat, the numbers speak for themselves, says Jim CramerMad Money with Jim CramerJim Cramer's Guide to Click here to download Jim Cramer's Guide to at no cost to help you build long-term wealth and invest smarter. now for the CNBC to Jim Cramer's every move in the market.Disclaimer The CNBC Charitable Trust owns s of Nvidia, Meta, Microsoft, Apple, Amazon and Alphabet.Questions for Cramer? Call Cramer: 1-800-743-CNBCWant to take a deep dive into Cramer's world? Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - InstagramQuestions, s, suggestions for the "Mad Money" website? madcap@cnbc.com