Cramer's 'Mad Money' Recap: The Banks Are Back (Final)

Am I Diversified?

Cramer spoke with with callers to see if their portfolios have what it takes. The first caller's portfolio included Panera Bread (PNRA), Kirkland's (KIRK), Apple (AAPL), Symetra (SYA) and Weatherford (WFT).

Cramer said the portfolio is perfectly diversified.

The second caller's top holdings included Intermune (ITMN), Hecla (HL), Akamai (AKAM), Toyota (™) and Ford (F).

Cramer identified two of a kind with Ford and Toyota, and recommended selling Toyota in favor of an industrial like Honeywell (HON), a stock which he owns for his charitable trust, Action Alerts PLUS.

The third caller had Freeport McMoRan (FCX), Mosaic (MOS), Coca-Cola (KO), Texas Instruments (TXN) and Merck (MRK) as their top five stocks.

Cramer said this portfolio was rocking.

The fourth caller's top stocks were JPMorgan Chase (JPM), Caterpillar (CAT), J. M. Smucker (SJM), Dendreon (DNDN) and Travellers Companies (TRV).

Cramer also blessed this portfolio as diversified.

Lightning Round

Cramer was bullish on Electronic Arts (ERTS), Incyte (INCY), Cognizant Technology (CTSH), Monro Muffler (MNRO), Gastar Exploration (GST), Corning (GLW), Cree (CREE), Netflix (NFLX) and First Niagara Financial (FNFG).

He was bearish on THQ (THQI), Satyam Computers Services (SAY), Tyson Foods (TSN) and Radian Group (RDN).

Closing Comments

Cramer told viewers that the secondary offering from EQT (EQT) is an excellent buying opportunity and investors should get in on the deal.

-- Written by Scott Rutt in Washington D.C.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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.

>To order reprints of this article, click here: Reprints