Cramer's 'Mad Money' Recap: Cool Runnings

Am I Diversified?

Cramer's Callers

The first caller to ask whether his portfolio was diversified owned UnitedHealth Group(UNH), Caterpillar(CAT), Sears Holdings(SHLD), Altria(MO) and Boeing(BA). Cramer owns Sears, UNH and Altria for his charitable trust Action Alerts PLUS.

Cramer said that the caller's portfolio was indeed diversified and liked the stocks as well.

"I think that Altria will split into three," Cramer said, and would provide a 20% premium from the current price of $79.

The next caller owned Clorox(CLX), Chevron(CVX), Hershey Foods(HSY), Walgreen(WAG), Johnson & Johnson(JJ) and Bank of America(BAC)

Cramer was not impressed. "This is a portfolio too overloaded with staples," he said. "I would sell Clorox."

"I worry too much that when the Fed is done tightening, that this portfolio is going to do nothing," he said.

"When Hershey gets to $60, back out of it," he said. "Add in General Dynamics(GD) or Textron.

Lightning Round

Cramer was bullish on Evergreen Solar(ESLR), UnitedHealth Group(UNH), Scientific Games(SGMS), UST(UST), PW Eagle(PWEI), BE Aerospace(BEAV), Shire(SHPGY), Textron(TXT) and Tata Motors(TTM).

He was bearish on AmSouth Bancorp(ASO), Cummins Engine(CMI), Acacia Research - Acacia Technologies(ACTG), JDSU(JDSU), Arch Coal(ACI), Carnival(CCL) and L-3 Communications(LLL).

Sudden Death

Cramer was bullish on Gray Wolf(GW). He was bearish on Impac Mortgage Holdings(IMH), RF Micro Devices(RFMD).

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