Industrial stocks could continue to go higher, CNBC's Jim Cramer said on Monday.
"China and oil caused this move into the industrials and the value; let's see if that can be contained," he said on CNBC's "Squawk on the Street." "That can go up."
Since the Chinese market bottomed at the end of August, it has been up on about 50 percent of the days, Cramer said. The bottom in oil and the Chinese market happened at the same week, which was perfect timing, he argued, for investors to move back into the sector. "People are viewing [this] as very, very positive," he said.
Last week, the transport stocks had their best week in a year while oil had its third-best week since the financial crisis.
Cramer also said that earnings could begin to come in stronger as the U.S. dollar peaks.