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Jim Cramer declared his "bullet-proof portfolio" a success on his "Mad Money" TV show Monday.

In November, 2007, Cramer identified five stocks that he felt were made of Kevlar and could withstand the ailing economy and sub-prime mortgage crisis. To date those five stocks are up 8.8%, while the S&P 500 is down, 3.3%.

Cramer said it wasn't smooth sailing for his "bullet-proof" stocks at the start. Just a week after he mentioned the names, the portfolio was down a quick 6%. "But that's the point," he said, "we bought these stocks because they bounce back."

Cramer's first pick in his portfolio is

Altria

(MO) - Get Report

, a stock which he owns for his charitable trust

Action Alerts PLUS. Since the recommendation, Altria has spun off its

Phillip Morris International

(PM) - Get Report

division, and collectively the stocks are up 4.7% since November.

Cramer said he's a fan of both companies, especially Altria's 5% dividend yield.

Next on the list was

Freeport-McMoran

(FCX) - Get Report

, another stock which he owns for his charitable trust

Action Alerts PLUS.

Cramer called Freeport, which is up 11.9% since he mentioned it, the best copper story in the world.

Third in the portfolio was another Action Alerts name:

Foster Wheeler

(FWLT)

. Although Foster has been a laggard in the portfolio, down 1% since November, Cramer said the company is still levered to high energy prices around the world and here too and he's been buying more shares.

Cramer: Oil Will Drive Market Higher

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Fourth was

Transocean

(RIG) - Get Report

, the star performer in the group, up 27.6%. Cramer called Transocean the best deep-water contract driller out there with great earnings visibility. He advised viewers to take some profits, but remained bullish on the company.

Finally, Cramer revisited

Medco Health

(MHS)

, a stock which is up just 0.7% since the November mention. Cramer said that while Medco makes its money whether or not the economy does well, it has more competition that he originally thought and perhaps the traditional defensive stock wasn't right for this portfolio. He told viewers "if it rallies, I'd sell it."

A Stealth Wind Power Play

Cramer featured

Thomas & Betts

( TNB) as the next in his series of "new technology" stocks that manufactures the products the new economy needs. Cramer called the company another "stealth" wind power stock that investors need to consider.

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"Everything that wind touches is getting bigger," said Cramer who noted the management of Thomas & Betts is doing little to promote this small, but growing, portion of their business. Cramer said the company has also been selling unprofitable product lines and concentrating their efforts on its core competencies.

While Thomas & Betts reported lack-luster earnings on April 30, Cramer noted the company said most of its sales will be during the latter half of the year. He also said the company's international exposure, which now stands at 40% of sales, is up from just 30% a year ago.

Cramer said that on a valuation basis, Thomas & Betts is cheap since the company trades at just 10 times its earnings and has a 2.8 million share buyback program which accounts for 4% of the total shares outstanding.

Go Small in Dry Bulk Shipping

Cramer said when it comes to the dry bulk shippers, most of the money has been flowing into the bigger, more well-known companies, leaving the smaller shippers behind at the dock.

He recommended

Paragon

(PRGN)

and

Star Bulk Carriers

(SBLK) - Get Report

as two stocks ready to play "catch-up" to their peers.

Cramer noted that while the shares of many of the larger bulk shippers are up as much at 100% for 2008, both Paragon and Star are up less than 50%. Both companies still have great growth prospects, and with their 9.1% and 9.4% dividend yields, what's not to love?

Cramer said the math is simple: "More ships equals more revenue." In the case of Paragon, the company plans to add three new ships to its fleet of 11 ships in 2008. Plus, the company has also successfully implemented a 25% rate increase for the year.

It's a similar situation at Star Bulk Carriers, which recently added two new ships to its fleet, and could possible also add a third.

Cramer said that he's by no means backing away from his favorite dry bulk carrier,

Frontline

(FRO) - Get Report

, which hit another 52-week high today. However he urged investors to take a look at the smaller shippers for some short-term opportunities.

The Booming Tanker Business

Cramer welcomed Herb Hansson, chairman and CEO of

Nordic American Tanker

(NAT) - Get Report

to the show to discuss the boom in the tanker business.

Hansson confirmed that business is indeed booming, with day rates for tankers rising. He explained that while new ships have been scheduled to come on line this year, many have been delayed, keeping supplies tight and rates high.

Hansson confirmed that Iran has been using tankers to store oil offshore, thus taking additional supplies off line. This, too, is accelerating demand, he explained.

Asked about giving back to the shareholders, Hansson said his company returns all of its profits to its shareholders through its dividend and will continue to do so.

Final Notes

Cramer told viewers that

Nucor's

(NUE) - Get Report

filing to offer additional shares is the perfect time to get his second favorite steel play behind

US Steel

(X) - Get Report

at a discount.

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Lightning Round

Cramer was bullish on

First Solar

(FSLR) - Get Report

,

Weyerhaeuser

(WY) - Get Report

,

Temple-Inland

( TIN)and

Dynegy

(DYN)

.

Cramer was bearish on

Kroger

(KR) - Get Report

,

Imax Corp

( IMA),

Sina Corp

(SINA) - Get Report

,

Fluor

(FLR) - Get Report

,

International Paper

(IP) - Get Report

,

Emcore

(EMKR) - Get Report

and

Reliant Energy

(RRI)

.

Jim Cramer writes about all the stock trades in his charitable trust for TheStreet.com in Action Alerts Plus. Recent stocks he's traded in this account include Schering-Plough (SPG) - Get Report, Yamana Gold (AUY) - Get Report and Inverness Medical (IMA) .

Want more Cramer? Check out Jim's rules and commandments for investing by

clicking here

.

For more of Cramer's insights during the Lightning Round, click here

.

At the time of publication, Cramer was long Altria, Freeport-McMoran, Foster Wheeler.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.