Apple was the market leader of the pack on Monday, up 24 percent for the year. Then there was IBM, which was crushed on a miserable earnings report, falling 7 percent.
The good news is that despite the size of IBM's $166 billion prominent stake in the Dow Jones industrial average, the index barely blinked and still finished up 19 points. Cramer added that just because Apple smashed quarterly earnings, he doesn't think this stock should be traded. He hopes investors are in it for the long run.
"We all know about Apple, which blew away the numbers when it reported on Monday. I've said over and over again that Apple should not be traded, just owned. I feel no different now."
Apple reported higher than expected revenues, with 39.3 million iPhones sold making it the best iPhone launch quarter in five years. Even better, the management gave upside guidance for next quarter.
"This is why we don't flit in and out of Apple, we just own the darned thing and watch it go higher long-term," added Cramer.
So how in the world did IBM get crushed so badly?