Finally, when asked about America's energy policy, Papa passionately proclaimed that our country could be North American-energy independent in less than 10 years, if only we were to turn loose the technology we already have to utilize our own domestic oil and natural gas resources. He said we have the "chance of a lifetime" and the opportunity is ours to lose by not acting on it. He said all we need is leadership.
Cramer continued his support of EOG Resources.
Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money" Lightning Round Wednesday evening:
(ATML): "I have so many other good ones. I'm going to send you to
(NILE): "No, too dangerous. I think discretionary goods might be in trouble."
: "I've been staying away from these recent IPOs. I'm not going to bash it, but I'm also not going to recommend it."
: "No, no. I do not like propane and I'm not going there."
World Wrestling Entertainment
: "No. There's no growth and I need growth."
Am I Diversified
In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to
to see if investors' portfolios have what it takes for today's markets. The first portfolio included
CBL & Associates
Health Care REIT
Washington Real Estate Investment Trust
Cramer said he cannot bless this portfolio since all of the companies are real estate investment trusts, even though they operate in different sectors.
The second portfolio's top holdings included
Cramer said this portfolio cannot have two food stocks along with Altria. He recommended swapping out Diageo for a pharmaceutical company like
The third portfolio had
Capital Product Partners
Two Harbors Investment
Sandridge Permian Basin
(SBUX - Get Report)
as its top five stocks.
Cramer said this portfolio was diversified, but added that Veeco could be too speculative.