This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Cramer's 'Mad Money' Recap: How to Trade the Rally (Final)

Am I Diversified?

Cramer spoke with callers to see if their portfolios have what it takes. The first caller's portfolio included Arris (ARRS), Caterpillar (CAT), Clorox (CLX), International Paper (IP) and Enbridge (ENB).

Cramer said "bingo," noting this portfolio was well played.

The second caller's top holdings included Alcoa (AA), Black Hills (BKH), Weatherford (WFT), Chesapeake Energy (CHK) and Verizon (VZ).

Cramer said that Weatherford, Chesapeake and Black Hills were three of a kind in the oil patch. He said the portfolio could use a healthcare and a hotel stock.

The third caller had Southern Copper (SCCO), QR Energy (QRE), BGC Partners (BGCP), MarketVectors Junior Gold Miners ETF (GDXJ) and Tornier (TRNX) as their top five stocks.

Cramer said that BGC was too speculative for his tastes, but otherwise the portfolio was fine.

Lightning Round

Cramer was bullish on Pengrowth Energy Trust (PGH), Walt Disney (DIS), (CRM), Bristol-Myers Squibb (BMY) and Sanofi-Aventis (SNY).

Cramer was bearish on Microsoft (MSFT), Radioshack (RSH) and Vertex Pharmaceuticals (VRTX).

Closing Comments

In his "No Huddle Offense" segment, Cramer asked the question, has housing finally bottomed? He said the new and existing home sales data won't tell you, but the employment reports will.

Cramer said that despite what you may have heard, it's not the foreclosure rate or the number of underwater mortgages that are keeping home prices low, it's the number of people without a job. For years the U.S. built too many homes, then the government made the situation worse by offering tax breaks to home builders and tax credits to home buyers.

With record low mortgage rates, Cramer said that buyers and builders don't need incentives. He said buyers need jobs to secure mortgages. Once employment picks up, so too will the housing market. That's why today's ADP employment report was so promising, he said.

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

To contact the writer of this article, click here: Scott Rutt.

Follow TheStreet on Twitter and become a fan on Facebook.

To submit a news tip, send an email to:

3 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs