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Jim Cramer's 'Mad Money' Recap: Profits Still Matter

No Huddle Offense

In his "No Huddle Offense" segment, Cramer likened picking stocks to picking the winner team in the upcoming NCAA college basketball "March Madness" tournament. He said that in stocks, as in basketball, emotions influence your choices, and that's never a winning strategy.

Cramer said he's taken a lot of heat on his negative calls on Plug Power (PLUG) and FuelCell Technology (FCEL) from very emotional fans of these companies. In reality, Cramer noted these companies have lost money year after year and, while closer to viability, still are Wall Street darlings.

Stocks like Tesla Motors (TSLA) are a different case, however, because that company has also risen on pure emotion but has solid underpinnings that just might make its promise a reality.

But no matter what the stock, Cramer said it's important to realize when you're betting on solid fundamentals versus pure emotions.

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 Applied Materials (AMAT), Wells Fargo (WFC), Kraft (KRFT), Novartis (NVS) and J.B. Hunt (JBHT).

Cramer blessed this portfolio as diversified.

The second portfolio's top holdings included Wells Fargo (WFC), Johnson & Johnson, General Electric (GE), Verizon (VZ) and 3M (MMM).

Cramer was also bullish on this well-diversified portfolio.

The third portfolio had Apple (AAPL), Costco (COST), Lowe's (LOW), Morgan Stanley (MS) and Wells Fargo as its top five stocks.

Cramer said this portfolio cannot have Lowe's and Costco and he'd sell Lowe's and swap in a drug stock like Bristol-Myers Squibb (BMY).

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

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

-- 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 positions in AAPL, GE, GOOG, JCI and JNJ.
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