Cramer's 'Mad Money Recap': Stocks That Can Take a Hit

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Jim Cramer declared his "bullet-proof portfolio" a success on his "Mad Money" TV show Monday.

In November, 2007, Cramer identified five stocks that he felt were made of Kevlar and could withstand the ailing economy and sub-prime mortgage crisis. To date those five stocks are up 8.8%, while the S&P 500 is down, 3.3%.

Cramer said it wasn't smooth sailing for his "bullet-proof" stocks at the start. Just a week after he mentioned the names, the portfolio was down a quick 6%. "But that's the point," he said, "we bought these stocks because they bounce back."

Cramer's first pick in his portfolio is Altria (MO Quote), a stock which he owns for his charitable trust Action Alerts PLUS. Since the recommendation, Altria has spun off its Phillip Morris International (PM Quote) division, and collectively the stocks are up 4.7% since November.

Cramer said he's a fan of both companies, especially Altria's 5% dividend yield.

Next on the list was Freeport-McMoran (FCX Quote), another stock which he owns for his charitable trust Action Alerts PLUS.

Cramer called Freeport, which is up 11.9% since he mentioned it, the best copper story in the world.

Third in the portfolio was another Action Alerts name: Foster Wheeler (FWLT Quote). Although Foster has been a laggard in the portfolio, down 1% since November, Cramer said the company is still levered to high energy prices around the world and here too and he's been buying more shares.

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