Cramer said while the analysts were focusing on a single tree, they totally missed the bigger forest that is Apple. He once again urged investors to invest in this great growth stock for the long-term and to ignore the "research reports" that for the most part, aren't meant for the individual investor anyway.
Am I DiversifiedCramer spoke with callers and tweeters via @JimCramer to see if their portfolios have what it takes for today's markets. The first tweeter's portfolio included Annaly Capital (NLY), Radio Shack (RSH), Inergy (NRGY), BP (BP) and NovaGold (NG).
Cramer said that Inergy and BP were too similar and Inergy should be replaced by a health care stock like Abbott Labs (ABT).
Cramer said "hallelujah" as this portfolio was properly diversified.The third caller had SeaDrill (SDRL), Intel (INTC), CME Group (CME), H.J. Heinz (HNZ) and Level 3 Communications (LVLT) as their top five stocks. For this portfolio, Cramer said "very nice." The fourth caller's top stocks were Chesapeake Energy (CHK), Beacon Roofing Supply (BECN), Phillip Morris (PM), Emerson Electric (EMR) and Raytheon (RTN). Cramer also blessed this portfolio as diversified.
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer opined on the latest happenings in Europe. He said frankly that nothing good is happening in Europe, as the entire continent is plunging into recession. Some days the news out of Europe matters, other days it doesn't. Cramer said what's important to know about the debacle that is Europe is that it's not a crisis that threatens to wipe out civilization as we know it. Instead, Cramer said that Europe is simply an issue that needs to be worked into investors' thinking, as many companies have already started to lessen their exposure to the stricken euro zone.
Lightning RoundIn the Lightning Round, Cramer was bullish on Peet's Coffee & Tea (PEET), Starbucks (SBUX), Boston Beer (SAM), Sandridge Mississippian Trust II (SDR), Ross Stores (ROST), Grainger WW (GWW), Boyd Gaming (BYD) and Las Vegas Sands (LVS). Cramer was bearish on Sequenom (SQNM), Sanofi-Aventis (SNY), Baidu.com (BIDU), Main Street Capital (MAIN), Guess (GES), OCZ Technology (OCZ), Advanced Micro Devices (AMD), Micron Technology (MU) and Telecom Corp of New Zealand (NZT). --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: email@example.com. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. Click here to sign up for Jim's Daily Booyah to get the Mad Money recap delivered to your inbox. For more of Cramer's insights during the Lightning Round, click here.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
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.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV