When asked about home prices, Smith confirmed that prices are indeed on the rise, and are rising rapidly in some markets. But even with the rebound, prices still lag their historical highs, meaning the recovery is still in its early stages.
Cramer said he's been a believer in Realogy since its IPO and he's still a believer today.
In the Lightning Round, Cramer was bullish on
American International Group
Taylor Morrison Home
Cramer was bearish on
SandRidge Permian Trust
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:
Chicago Bridge & Iron
Cramer said that this portfolio can't own Chicago and Occidental and he suggested selling Chicago and adding some
The second portfolio's top holdings included:
Cramer blessed this portfolio as diversified.
The third portfolio had:
Kansas City Southern
as its top five stocks.
Cramer said this portfolio was also terrifically diversified.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer sounded off against the analysts who just can't help themselves from beating up on companies about metrics that don't matter. He said these analysts continue to make noise and only detract from the great stories that management is trying to tell.
Some recent examples include
Johnson & Johnson
, along with
. While all three of these companies delivered strong quarters, all the analysts could focus on were things like "user engagement" at Yahoo! and "capital spending" at Intel.
Cramer said in the case of J&J, the company was able to defend itself against these attacks, but Yahoo! and Intel saw their stocks falter because of them, at least for the time being.
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-- Written by Scott Rutt in Washington, D.C.
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