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 - Cramer on MO - Stock Picks), 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 - Cramer on PM - Stock Picks) 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 - Cramer on FCX - Stock Picks), 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 - Cramer on FWLT - Stock Picks). 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.

Cramer: Oil Will Drive Market Higher

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