Cramer's 'Mad Money' Recap: Bulk Up on Dry Bulk Shippers

Penn and Cramer discussed the emergence of the culture of women's strength. Cramer believed this was the force behind the success of apparel companies Under Armour (UA Quote) and lululemon (LULU Quote).

Penn noted that women have increased their presence in strength professions, and their numbers have grown in traditionally masculine job markets such as the armed forces and firefighting.

Cramer then asked Penn to explain the success of GameStop (GME Quote) and the emergence of video games as a cultural force. Penn noted that the average age of video gamers has risen to 33.

In a final illustration of a counterintuitive trend with commercial impact, Penn explained that the majority of car-buyers are women. Despite this, the sales model is still geared toward men.

Cramer asked whether the trends outlined in Penn's book could influence the presidential race, possibly helping Hillary Clinton win. Penn laughed, saying he believes Clinton can be elected without reading Microtrends.

Am I Diversified?

Cramer mentioned that even though he loves visiting colleges and admires the risk-taking of young investors, it is important for everyone to diversify. With that, he led into the "Am I Diversified?" segment.

The first caller asked if Google (GOOG Quote), Manulife (MFC Quote), Brocade (BRCD Quote), Volvo (VOLV Quote) and CVRD (RIO Quote) represented a diversified portfolo. Noting that Google was more of an advertising play than a tech company, Cramer blessed the portfolio, although many would disagree with his separation of Google and Brocade.

The second caller asked about Halliburton (HAL Quote), Peabody (BTU Quote), Google, Enterprise (EPD Quote), and cash.

Cramer said the portfolio relied on "too much energy complex" with Enterprise, Halliburton and Peabody. He instructed the caller to "throw away BTU," ring the register on Halliburton, and pick up a defense stock and a health care stock to replace them. Further, he asserted that "the market is too good" to devote too much of a portfolio to cash.

The final caller asked about Apple (AAPL Quote), McDonald's (MCD Quote), Caterpillar (CAT Quote), ConocoPhillips (COP Quote) and Schering-Plough (SGP Quote).

Cramer blessed the portfolio: "You've got absolute diversification."

Lightning Round

Cramer was bullish on Global Sources (GSOL Quote) GSOL, Baidu (BIDU Quote), China Mobile (CHL Quote), Focus Media (FMCN Quote), comScore (SCOR Quote), Google, eBay (EBAY Quote), Raytheon (RTN Quote), Ciena (CIEN Quote), Cisco (CSCO Quote), Yum! (YUM Quote), Guess? (GES Quote), J. Crew (JCG Quote) and Delta (DAL Quote)

Cramer was bearish on China Digital (STV Quote), Clean Energy (CLNE Quote), Furniture Brands (FBN Quote), Southwest (LUV Quote), Alcatel (ALU Quote), Jack in the Box (JBX Quote) and Cabela's (CAB Quote).

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

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