Cramer's 'Mad Money' Recap: Sept. 24

Deinst said that while smaller competitors are now choking on falling steel prices, Sims has been able to use its size to both foresee and capitalize on falling commodity prices. He said Sims has been able to lock in lower prices and continues to benefit from the sustainability of its business model.

Cramer said Sims is another example of a "real world" company thriving outside of the financial chaos.

Am I Diversified?

Cramer spoke with callers and evaluated their portfolios. The first caller told Cramer he had these stocks in his portfolio: Eaton (ETN Quote), Johnson Controls (JCI Quote), Petrohawk (HK Quote), Trinity Industries (TRN Quote) and Genentech (DNA Quote).

Cramer said that Eaton, Johnson Controls and Trinity are three of a kind in the industrial space, calling the portfolio far too concentrated in that area. He recommended adding a defense stock and a consumer stock. He also said to sell Genentech and not get caught up in the takeover bid.

The second caller's top holdings included Caterpillar (CAT Quote), Covance (CVT Quote), Transocean (RIG Quote), Whirlpool (WHR Quote) and Masco (MAS Quote).

Cramer said this portfolio was also too concentrated, only this time in household appliances, with Whirlpool and Masco. He recommended selling Whirlpool and replacing it with a food or beverage stock.

The third caller's portfolio included Boeing (BA Quote), Johnson & Johnson (JNJ Quote), Safeway (SWY Quote), Duke Energy (DUK Quote) and Spectra Energy (SP Quote) as their top five stocks.

Cramer identified Duke and Spectra as two of a kind and recommended swapping Safeway in favor of Kroger (KR Quote). He also said that Boeing, which is in the thick of labor troubles, needed to be sold.