Cramer's 'Mad Money' Recap: Two Picks From the New-High List

Am I Diversified?

In the show's "Am I Diversified?" segment, in which viewers present their portfolios to Cramer for his inspection, the first caller offered a portfolio made up of the following five stocks:

• USG (USG Quote),
• Companhia Vale do Rio Doce (RIO Quote),
• LabCorp (LH Quote),
• Flowserve (FLS Quote) and
• Energy Metals Corp. (EMU Quote).

Cramer called a pair with USG and Flowserve. He suggested selling Flowserve and buying a financial like Bank of America (BAC Quote) or Goldman Sachs (GS Quote), which he owns for Action Alerts PLUS, instead.

The second caller named the following five stocks:

• Apple (AAPL Quote),
• Rambus (RMBS Quote),
• Toyota Motor (TM Quote),
• Caterpillar (CAT Quote) and
• Altria (MO Quote), the last three of which Cramer owns for his charitable trust.

Cramer called the portfolio the "epitome of diversification."

The segment's third and final caller said he owned the following five:

• United Technologies (UTX Quote),
• Exxon Mobil (XOM Quote),
• Time Warner (TWX Quote),
• AIG (AIG Quote) and
• Johnson & Johnson (JNJ Quote), the latter two of which Cramer owns for his charitable trust.

Cramer blessed the portfolio as diversified.