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Jim Cramer's 'Mad Money' Recap: A Scary Market

Harman's brands of audio equipment is in a number of car brands, including Ferrari, Toyota, Lexus, BMW, Mercedes-Benz and Lincoln, among others.

In the innovation area, Harman increased the number of its patents to 5,200 from 4,900 in the fourth quarter.

Executive Decision: W. Craig Jelinek

For his second "Executive Decision" segment, Cramer spoke with W. Craig Jelinek, president and CEO of Costco (COST - Get Report), the fourth-largest retailer in the world and another Action Alerts PLUS holding.

Jelinek, who succeeded Jim Sinegal as CEO in January 2012, said that going into the holiday shopping season, he thinks the consumer is relatively upbeat.

Costco has been successful in Puerto Rico, Canada, Britain Mexico, Japan, Australia, Taiwan and Korea and is now looking to expand into Spain, with two stores in 2014. After that, Jelinek said, Costco will look to France.

He said the international stores will remain very similar to U.S. Costco stores, although the mix of prodiucts may be slightly different.

The trends at Costco are organic and natural products, and expansion in cosmetics.

Costco's workforce of more than 178,000 people is fairly stable, Jelinek said, with only about 10% turnover a year. Part of that is the company attitude about providing benefits, including health insurance. As Jelinek put it, the company likes to have a work environment where employees are not distracted by concerns outside of work.

Lightning Round

In the Lightning Round, Cramer was bullish on Hi-Crush Partners (HCLP), Wabash National (WNC), DryShips (DRYS) and Insys Therapeutics (INSY). He was bearish on American International Group (AIG).

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.

In the first portfolio, the holdings included Salesforce (CRM), Apple (AAPL), Boeing (BA), Tesoro (TSO) and Whiting (WLL).

Cramer said: This is actually a little complicated. I'm going to have to make some changes. I'm going to ask you to keep Salesforce and I think you've got to sell Apple. And let's add -- let's doing something auto -- I'm going to give you Harman.
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