Cramer's 'Mad Money' Recap: Judging Judge Roberts' Portfolio

Finally, Roberts doesn't have any defense names. Cramer says you have to have some health care, oil, and defense in the portfolio.

Penchant for Cendant

Cramer also highlighted Cendant(CD Quote).

He said "it's all coming together for Cendant now, and the most amazing thing is that no one cares."

The company is growing earnings at a double-digit pace and it sells well below a market multiple, Cramer continued. What's more, "no one cares at precisely the moment when earnings could be accelerating, dividends are growing and shares are being bought back hand over fist."

Cramer said that no one cares, "even though Cendant's travel and leisure business has never been stronger. No one cares even though its Coldwell Banker and Century 21 brands should be an excellent and safe way to play the real estate bubble or bonanza, whichever you want to call it."

But no matter, Cramer said. Over the weekend, Barron's called the stock a value trap.

"Me, I don't know how that can be," said Cramer. "I know that this company, if it were just to rename itself 'Real Estate & Travel,' would go up a couple of bucks because it at last would shake the memory of Cendant, the company that was HFS and CUC International put together."

Cramer said "the sale of the last piece of confusing territory, the affinity marketing company that is Trilegent, makes Cendant no more difficult to understand than an American Express(AXP Quote). The difference? I believe it's that Henry Silverman, who used to be such a great spokesman for this entity, doesn't want to do it anymore."

When a company has been left for dead and everyone has given up on it, Cramer said it's time to step up to the plate and buy the stock. "It will be higher a year from now," he said.