Valeant Pharmaceuticals' new CEO Joseph Papa stands to receive over $67 million, but he insists he's not in it for the money.
"This is not about the money," Papa said in an interview with CNBC's Jim Cramer. "To me this is all about if I can play a small role in improving Valeant and [if] that has a beneficial impact on the entire pharmaceutical industry, I think I will have done something that is important."
According to published reports, Valeant will pay Papa $67.4 million in cash, options and restricted stock this year.
Valeant announced on April 25 that Papa would assume the role of chairman and CEO of the embattled company, to succeed Michael Pearson. Papa has more than 35 years in the pharmaceutical industry, including his most recent role as CEO of Perrigo.
"The biggest surprise and the reason that really got me, is I looked at their pipeline. Because to me, that is going to predict how a company is successful in the future. Are they going to grow organically or not," Papa said.
On Monday, Cramer watched as the stocks that were loved the most on Friday were suddenly loathed.
It all came down to new data that changed the opinions of the most influential investors on Wall Street.
U.S. employment data and Chinese trade figures were the proximate cause of Monday's mixed trading. When the Labor Department released non-farm payroll data on Friday, initially Cramer thinks the big buyers couldn't figure out what the data meant for the global economy. As a result, the market didn't sell off.
Cramer fears that if the market can change so quickly from one leadership group to another, it could easily change back on one piece of data again.
"Don't get too carried away, the market gods crushed those who did that just 72 hours ago," Cramer said.
When reviewing the Feb. 11 bottom, Boroden found there were a series of hurdles that the S&P must cross in order to climb higher. Back in February, Boroden stated that investors must watch out for the 2,132 –2,157 range as a ceiling of resistance. As the S&P approached those levels a few weeks ago, stocks fell.
Thus, that area is a crucial hurdle that the S&P must jump over, if it is going to regain its momentum.
"Put it all together and it is clear that the recent pull back in the S&P 500 was very much about the charts," Cramer said.
Another industry on Cramer's radar was retail. There are way too many stores, and any major retailer with substantial mall exposure has reported a disastrous quarter. The latest victim appeared to be Gap, which warned that first quarter revenue and profit would miss expectations.
"I can't find a single mall store doing better than last year. Many are down high single digits," Cramer said.
Yet, just last week the larges strip mall operator and shopping mall owner Kimco and Simon Properties high a 52-week high. And the largest shopping center REIT Federal Realty and Tanger Factory outlet Center were just points off of their 52-week highs.
"While it is perfectly natural to think that these REITs would be ideal shorts in an environment where mall-based retailers are doing so poorly … all I can say is think again," Cramer said.
2016 has also been unkind to Integrated Device Technology Inc (IDTI). IDTI makes low-power high-performance chips for a variety of small end markets, including communications infrastructure, power management and clock timing.
When IDTI reported in February, management gave weaker than expected guidance, which prompted the stock to decline 27 percent in a single session. It reported again a week ago, and the results were in-line with earlier guidance. It then beat consensus numbers that analysts were looking for.
IDTI's CEO Gregory Waters revealed to Cramer the company's new product, which is the world's smallest and most advanced gas sensor. The technology could be used to detect in a smartphone, wearable and consumer device the pollution in a crowded city. It can also measure particles in the air for allergies, and be used as a portable breathalyzer after a night out.
"All those things are technologies that we now have access to. You will be seeing, showing up in consumer applications between the end of this year and certainly into next," Waters said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Salesforce.com: "I think the cloud is for real. We know that the cloud adoption has accelerated if anything, and I'm going to stick by Marc Benioff [CEO] and Salesforce.com."
DepoMed: "It is way too hard for this guy. Don't know if it is happening or not."