Cramer's 'Mad Money' Recap: Saks Serendipity

People have affection for their pets in America, said Cramer, but this isn't the only reason he wants investors to buy the stock. PetSmart has "great fundamentals," with a 17.5% long-term growth rate.

Its turnaround is similar to Saks in that it has expanding margins and a merchandising edge. Additionally, Cramer believes the stock is undervalued.

Also, because Petco, its main competitor, was recently bought out by a private-equity firm, PetSmart is "primed to expand" without competition from Petco.

Am I Diversified?

In his "Am I Diversified?" segment, Cramer's first caller owned the following five stocks: Altria (MO Quote), which Cramer owns for his charitable trust, Action Alerts PLUS, Boeing (BA Quote), Google (GOOG Quote), Time Warner (TWX Quote) and Tupperware (TUP Quote).

Cramer told the caller his portfolio was beautifully diversified.

His second caller named the following five stocks: FedEx (FDX Quote), Walgreen (WAG Quote), IBM (IBM Quote), United Technologies (UTX Quote) and Praxair (PX Quote).

Cramer called the caller's portfolio "perfect."

His final caller owned the following five stocks: AK Steel (AKS Quote), Sonic (SONC Quote), Sears Holdings (SHLD Quote), which Cramer owns for his charitable trust, Yamana Gold (AUY Quote) and Allis Chalmers (ALY Quote).

Cramer blessed this portfolio as diversified as well.