Cramer Remix: Drooling investors circle Apple

The drooling investors were out on Monday, circling back to stocks that were buried among bad news last week and didn't receive the attention they deserved. Heads have now turned to the winners and losers of the quarter. The market leaders on Monday were two polar opposites: Apple the great innovator, and IBM the old-school techie company that is getting swept away in the cloud.

Apple (AAPL) was the leader of the pack, up 24 percent for the year. Then there was IBM (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 (.DJI), 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?

Cramer thinks that this comes down to the fact that technology, as IBM sees it, is no longer the tech that companies are looking for. They are fleeing from IBM's expensive one-stop software into less expensive cloud-based software. IBM's loss is becoming Apple's gain.

Read MoreCramer: IBM's misery is Apple's win

Speaking of horrendous technology stocks, Cramer thinks it is time to talk about the most hideous IPO in recent memory. He considers it to be a truly untouchable stock, something that no one would want to own.

King Digital (KING), the mobile game developer behind such games as Candy Crush, is considered by many to be the most disappointing and overhyped deal of the year.

Since King went public, it has been crushed. When it debuted on March 25, it traded at $22.50 per share, and it now trades at about $11 per share.

"I say they should rename the thing Pawn Digital, and you need to move on before they unleash the selling hounds," added Cramer.

Read MoreMost hideous IPO ever: Cramer's warning

Adam Jeffery | CNBC

On the positive side Cramer has found one stock that he thinks is a winner; Panera Bread (PNRA). Despite the fact that this stock reports on Tuesday of next week, Cramer thinks it is time to get in on potential profit. Though this is a long suffering restaurant stock, the "Mad Money" host noted that it looks like this stock might have bottomed.

Since the beginning of the month Panera has rallied 4.5 percent, despite the S&P 500 (.SPX) falling 3.8 percent.

Cramer thinks that if the stock can hold up that sort of beating, then it must really be ready for a run.

"I'm not telling you to bet on the quarter, but I would put some of my position before we get the results." Meaning if the stock pulls back, Cramer would buy even more Panera because after this quarter the comparisons start to get much easier for it.

Now that Cramer has called the market bottom, he has his winner's hat on and can see the rewards flowing to investors who didn't have weak hands last week.

During a time when everyone is worried about the global economy slowing, Cramer thinks it is worth owning healthcare stocks. Healthcare is just one of those things that people don't cut back on, especially now that the Affordable Care Act (AKA Obamacare) is creating a rebound in prescriptions.

There are three stocks in particular that Cramer has zeroed in on for opportunity: McKesson (MCK), Cardinal Health (CAH) and AmerisourceBergen (ABC).

What do these companies have in common? Each of them has identified strategic opportunities to drive down the cost of generic drugs. They are aligned closely with other big purchases of pharmaceuticals in order to increase their buying power. In other words, margins will rise and they can buy generic drugs cheaper. That's a good thing. However, the diversity of options provided by McKesson makes it his favorite.

That is why Cramer says you need to believe that the market bottom flagged on Friday is real. And don't worry; he thinks there is plenty of time left and plenty more earnings per share in the days ahead.

Investors are now back to the stocks that had good earnings reports, but were buried underneath a heap of bad news initially. A few stocks that are smokin' hot right now are stocks like Nike (NKE) and Domino's Pizza (DPZ). Both reported great quarters but were lost in the sauce.

The market is certainly in a better place than it was a week ago "and all that matters is if you are circling back to what worked that you tucked away, and are now feasting on," added Cramer. Time to take out the knife and fork.

Cramer continued to circle back to winning stocks in the Lightning Round:

Sierra Wireless (SWIR): "I thought you were going to say Skyworks (SWKS) instead! Skyworks is the one I like. I say buy, buy, buy to mine."

Fiat Chrysler Automobiles (FCAU): "If you have to own an auto that would be the one to own. I think these are houses of pain but they are doing quite well."

Read MoreLightning Round: Buy buy buy Skyworks