Cramer's 'Mad Money' Recap: Look Who's Toxic

A caller remarking on all the hoopla surrounding "green" stocks, wanted to know if traditional energy sectors were peaking.

Cramer said that oil companies are "still in a multiyear expansion," but that he prefers oil service stocks such as Halliburton and Transocean, both of which he owns for the charitable trust.

Am I Diversified?

During Cramer's "Am I Diversified?" segment, the first caller owned the following five stocks: OptionsXpress(OXPS Quote), Annaly Mortgage(NLY Quote), Andrew(ANDW Quote), RF Micro Devices(RFMD Quote) and eBay(EBAY Quote).

Cramer recommended that the caller unload Andrew and RF Micro because "they are both telecommunications and they are both bad stocks." Although, Annaly and OptionsXpress are both financials, Cramer said they could both stay because one was levered to mortgages and the other to brokerages.

The next viewer called with these stocks: Aluminum Corp. of China(ACH Quote), Jones Soda(JSDA Quote), Transocea, RTI International Metals(RTI Quote) and DirecTV(DTV Quote).

Cramer said he believed that the portfolio had "total diversification." Although he is not a fan of aluminum companies or Chinese companies, Cramer likes that ACH pays a big dividend.

The last caller wanted to know if she was diversified owning Bed Bath and Beyond(BBBY Quote), Lowe's(LOW Quote), Qualcomm(QCOM Quote), Starbucks(SBUX Quote) and Stryker(SYK Quote).

Cramer pointed out that BBBY and Lowe's are both retailers with exposure to housing. He recommended getting rid of Bed Bath and Beyond and picking up a financial, such as Bank of America(BAC Quote) or Goldman Sachs.

Mad Mail

During his "Mad Mail" segment, Cramer told a viewer he was not put off by Superior Offshore's plan to pay a special cash dividend to existing stockholders before making its initial public offering. He says many companies such as Burger King have been doing this without getting hurt.

Another viewer wanted to know if Southern Copper would "drop like a rock" in late April and early May, as it has done in the past. Cramer blamed the pattern on China, but said he would continue to buy PCU.

Cramer responded to another viewer's email by agreeing FuelCell Energy would benefit from the "Green Day" Supreme Court decision.

During the "Sudden Death" round, Cramer was bullish on Kroger, Exxon Mobil and MGM Mirage.

He was bearish on Hovanian.

Lightning Round

Cramer was bullish on Yamana Gold(AUY Quote), Lundin Mining(LMC Quote), Genco Shipping(GNK Quote), MetLife(MET Quote), Prudential(PRU Quote). Manulife(MFC Quote) eBay(EBAY Quote), Toyota Motor(TM Quote), Energy Metals(EMU Quote), Mosaic(MOS Quote), Brocade(BRCD Quote), EMC(EMC Quote), Ameren(AEE Quote) and Washington Mutual(WM Quote).

Cramer was bearish on Northgate Minerals(NXG Quote), Northern Orion(NTO Quote) and Uranerz Energy(URZ Quote).

For more of Cramer's insights during the Lightning Round, click here.

---

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by clicking here.