Cramer's 'Mad Money' Recap: Profit Mining With Freeport-McMoRan

It's easy to say consumer spending is going to be bad for the shopping center real estate market, but this is not the case for certain strong areas in the country, Wood said. The company, said Wood, made the decision a long time ago to select areas where there is money to spend and there are a lot of people.

"We leave other parts of the country alone," he said. "There is no hedge, in my view, in real estate like great locations." The trust's business model, Wood continued, is about consistent sustainable growth in good times and bad.

Cramer said he's sticking with FRT and suggested others do the same.

Am I Diversified?

During the "Am I Diversified?" segment, Cramer's first player called out these five names: Allscripts Healthcare Solutions (MDRX Quote), Brookfield Asset Management (BAM Quote), General Maritime (GMR Quote), Corning (GLW Quote) and EMC (EMC Quote), the latter two of which Cramer owns for his charitable trust.

"Yes, you are diversified and I am digging your portfolio, other than MDRX," Cramer told the viewer.

The second caller asked if he was diversified with these five holdings: Hasbro (HAS Quote), VMware (VMW Quote), Citigroup (C Quote), Hewlett-Packard (HPQ Quote) and McDonald's (MCD Quote), the latter three of which Cramer owns for Action Alerts PLUS.

Cramer suggested the caller swap out of VMware and get into a defense contractor like Raytheon (RTN Quote), another stock he owns.