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Cramer's 'Mad Money' Recap: Pay Attention

Of course there will be increased competition in the healthy, organic segment, he added, and that's something he welcomes as it will take more than just Hain to change the way the world eats. But increased competition is not stopping his company's Greek yogurt business from rising 39%, nor its organic baby food sales from growing 15%.

When asked about the company's UK acquisitions, which prompted some analysts to charge Hain bit off more than it can chew, Simon responded by saying that every acquisition has its challenges and some things simply cannot be known until you actually own a company. That said, Simon noted that in every acquisition Hain goes in and fixes prior management's problems and turns laggards into winners.

Cramer said that he continues to be a believer in Simon and Hain.

Adding Some Spice

Sometimes slow and steady really does win the race, Cramer told viewers, as he followed up on his favorite spice maker, McCormick (MKC), which recently sold off on what was widely viewed as a disappointing quarter.

Cramer said that while McCormick did miss estimates by 3 cents a share and lowered its guidance - news that sent shares plummeting by 6% - McCormick is also a stock that has a history of falling on earnings, only to rebound handsomely. In fact, McCormick has had an incredible 10-year run, noted Cramer, and is far less risky than owning the S&P 500 as a whole.

McCormick management cited valid reasons for its shortfall and tempered expectations, including supply disruptions from Hurricane Sandy and higher tax rates for 2013, but those factors won't undo the fact that McCormick still plans to grow by 8% to 10% this year.

Cramer said this innovative company still introduced no fewer than 25 new products just last month alone and still remains the dominant player, with 50% market share, in the spice and marinade market.

Shares of McCormick are indeed pricey, said Cramer, trading at 19.7 times earnings, Then again, shares of McCormick have always been pricey and are often a lot more expensive than they are today.

That's why he suggested using this predictable selloff to buy, not sell, shares of McCormick.

Lightning Round

In the Lightning Round, Cramer was bullish on Dynavax Technologies (DVAX), Cognizant Technology (CTSH), SAP AG (SAP), Lockheed Martin (LMT), Zoetis (ZTS), Pfizer (PFE), Molex (MOLX), Avnet (AVT) and Edwards Lifesciences (EW).

Cramer was bearish on Coinstar (CSTR), BlackBerry (BBRY) and Skyworks Solutions (SWKS).

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: Mohawk (MHK), MasterCard (MA), iShares FTSE China 25 (FXI), Goldman Sachs (GS) and Gilead Sciences (GILD).

Cramer advised selling MasterCard, because it's too similar to Goldman Sachs, and adding Timkin (TKR).

The second portfolio's top holdings included: Visa (V), Apple (AAPL), SPDR Gold Shares (GLD), Facebook (FB) and Phillip Morris (PM).

Cramer said this portfolio did not need any changes.

The third portfolio had: Apple, Caterpillar, Home Depot (HD), Ford Motor (F) and Timkin as its top five stocks.

Cramer also liked this portfolio and blessed it as diversified.

The fourth portfolio's top stocks were: Ford, Green Mountain Coffee Roasters (GMCR), eBay (EBAY), Yelp (YELP) and Marathon Petroleum (MPC).

Cramer said this portfolio was also terrific.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said that while faith is usually not part of his investing strategy, when it comes to a select few CEOs he has total faith in their ability to deliver on their promises. Bob Iger, CEO of Walt Disney, is one of those select few.

Cramer said that Iger provided answers to every single question that analysts had about the company, including its Lucasfilm acquisition, earnings at ESPN and attendance at its theme parks.

Those answers made the recent selloff in Disney look like amateur hour, which is why Cramer looks past to the naysayers and continues to bet with Iger.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

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

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

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, FXI, HD and TKR.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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