Cramer's 'Mad Money' Recap: Fantasy Football Portfolio

Considered the "speculative player" of the portfolio, Giants' running back Brandon Jacobs is Level 3 (LVLT Quote - Cramer on LVLT - Stock Picks), which has to prove itself, said Theismann. Cramer called this a fiber-optics YouTube play.

New England Patriots' Randy Moss is the streaky player who sizzles at times -- like Intel (INTL Quote - Cramer on INTL - Stock Picks). Cramer likes its management and said that "in the fall, it's right."

As defense is also important in a portfolio, Theismann likes Coca-Cola (KO Quote - Cramer on KO - Stock Picks), the Baltimore Ravens of the market. Cramer said the stock is always there "on bad days."

Cramer liked the portfolio, though he was concerned that both Level 3, whose debt was up recently, and Six Flags "have questionable balance sheets."

The Emerson Edge

As this was a "big, big week for the markets," many of the stocks Cramer was recently considering are now out of his price range. However, Emerson Electric (EMR Quote - Cramer on EMR - Stock Picks), stayed put and remains in range:

Emerson is "all over the board" in terms of what it does, as it makes everything from appliances and farm equipment to computer hardware and software. It is a real "rest of worlder" because it does a lot of overseas business. But it is not a "stock for all seasons," Cramer said.

Like Procter & Gamble (PG Quote - Cramer on PG - Stock Picks), the play if the Fed doesn't cut rates fast enough, Emerson is a "great dividend stock."

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