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Cramer's 'Mad Money' Recap: No Day of Reckoning

ArcelorMittal (MT): "I don't like the steel stocks. I just don't like that group, it's just too hard."

Delta Air Lines (DAL): "Oil goes down for three days and the airlines rally. And what do we do when the airlines rally? Sell, sell, sell."

Vivus (VVUS): "There's too much competition in this group. I say take profits and ring the register."

Peabody Energy (BTU): "It was a mistake to get bullish on coal. I say any strength in this one is a reason to get out."

Pfizer (PFE): "I think it's a buy. I think it can go up over time. I also like a lot of big pharma, along with Celgene (CELG) and Gilead Sciences (GILD)."

Opko Health (OPK): "This company has not been a good performer. I want to talk to their CEO before I hit the buy button. There's too much heat surrounding this stock."

Am I Diversified?

In the "Am I Diversified?" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets.

The first portfolio included: Apple (AAPL), (AMZN), American International Group (AIG), Nike (NKE) and JPMorgan Chase (JPM).

Cramer said this portfolio cannot have both AIG and JPMorgan and he would sell JPMorgan and pick up a drug stock like Pfizer.

The second portfolio's top holdings included: Apple, Bristol-Myers Squibb (BMY), SPDR Gold Shares (GLD), AIG and Wells Fargo (WFC).

Cramer once again, this portfolio cannot have two financials. He advised selling Wells Fargo and adding a housing play like Weyerhaeuser (WY).

The third portfolio had: McDonald's (MCD), BP (BP), Wal-Mart (WMT), Oracle (ORCL) and Johnson Controls (JCI) as its top five stocks.

Cramer said this portfolio was properly diversified and is exactly what he wants to see.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said that maybe it's time to take a second look at the Chinese economy.

Cramer said he was struck by last week's interview with Joy Global (JOY - Get Report), who noted that China's demand for electricity is beginning to stabilize. This news correlates with a recent rise in the Baltic freight index, a measure of Chinese exports and a rebound in the price of copper and iron ore.
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