When asked about energy independence, DiMicco said that with more than a 100-year supply of gas, it's certainly feasible the U.S. can become energy-independent with just a little help from our friends in Canada and Mexico. That, too, would be a game-changing event.
Cramer said he's a big supporter of DiMicco's efforts in helping to spur our economy, but he was less optimistic on Nucor's short-term steel business given the current state of global affairs.
In Defense of Defense Stocks
Wasn't the government sequester supposed to ruin the defense stocks? That's surely what the analysts thought, said Cramer. But the companies themselves have had other ideas.
That's why stocks like
are all up over 30% so far in 2013.
Cramer said this is one case where the analysts simply got too negative, predicting absolute doom for the defense industry, when in reality the government has been very slow in implementing the "mandatory" spending cuts and the new Obama budget hopes to roll back many of them by 2014. Beyond that, Cramer noted that many of the defense companies have been cutting costs and beefing up their commercial and international operations.
Cramer said he loved Northrop's 11% dividend boost as well as its massive share repurchase plans. No wonder Citigroup upgraded the stock, sequester and all. Then there's Lockheed's 4.2% yield and its 11-cents-a-share earnings beat when it last reported, also a huge plus.
When it comes to
, Cramer said the company's commercial business, with the new 787, more than makes up for any government losses.
There are some negatives in the group, however. Cramer noted he's not a fan of
, nor any of the smaller, less-diversified companies that don't have as much clout in Washington.
In the Lightning Round, Cramer was bullish on
Cramer was bearish on
Federal Realty Investment 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:
Cramer said this portfolio was properly diversified.
The second portfolio's top holdings included:
SPDR Gold Shares
Nordic American Tanker
Cramer said MarkWest was different enough from Nordic American to qualify, so this portfolio is also diversified.
The third portfolio had:
as its top five stocks.
Cramer said Nationstar and Toll Brothers were both housing and TJX and Starbucks were both retail. He suggested adding an industrial stock and a technology stock to replace Nationstar and Starbucks.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer opined on the CEO shakeup at
Procter & Gamble
. He said the news makes Procter a sell in his book, and he'd play the management change up with a pair trade, selling Procter and buying up some of its rivals that are likely to benefit most, stocks like
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
-- Written by Scott Rutt in Washington, D.C.
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