What's on the Menu?
In a special interview, Cramer sat down on location with restauranteur Danny Meyer at his Gramercy Tavern in New York City to see if Meyer's "hospitality index" is still making the grade since it was first introduced on "Mad Money" in February 2009.
Meyer said he doesn't believe in success. The minute you think you're doing a good job, someone else will force you to do it better. That's why, for him, hospitality and success means you as a customer leaving one of his many restaurants feeling better than when you entered.
When asked if technology is helping his restaurants succeed, Meyer admitted technology does help him be multiple places at once, but it's still no substitute for taking care of your employees, your customers, your suppliers and, finally, your community.Meyer continued that employees should always be a business' first priority. Human capital is important and who's on your team matters. Cramer then updated viewers on Meyer's hospitality index, which included stocks Chipotle Mexican Grill (CMG), Whole Foods Markets (WFM) and Amazon.com (AMZN). This index rose 375% since February 2009, beating the S&P 500 and its gain of 129% over the same period.
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 Coca-Cola (KO), Charles River Labs (CRL), American Tower (AMT), Walt Disney (DIS) and Phillip Morris (PM). Cramer suggested selling Phillip Morris in favor of an industrial like Honeywell (HON) The second portfolio's top holdings included Kinder Morgan Energy Partners (KMP), Whiting Petroleum (WLL), United Rentals (URI), Susquehanna Bancshares (SUSQ) and Intel (INTC). Cramer identified two of a kind with Kinder and Whiting, suggesting this caller sell Whiting and add a biotech like Celgene (CELG). The third portfolio had Isis Pharmaceuticals (ISIS), Himax Technologies (HIMX), Tibco (TIBX), KeyCorp (KEY) and Facebook (FB) as its top five stocks. Cramer suggested dumping Himax and adding a defense name like Lockheed Martin (LMT). 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
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