Drexler's Magical Touch

"Sometimes learning about the stories behind the products matters as much as pouring over balance sheets and earnings estimates," Cramer told viewers. He said sometimes the subjective side of investing is just as important as the analysis.

Such is the case with retailer J. Crew ( JCG). The company reported a blowout quarter last Tuesday, but Cramer said it was even more telling to listen to the company's conference call, and hear 10 of 16 analysts congratulating CEO Mickey Drexler on a terrific quarter.

Cramer said Drexler is a master when it comes to his conference calls. The CEO drove home the point that consumers are more savvy than ever, demanding value and quality, two things that J. Crew is passionate about. Drexler said that J. Crew creates demand that people talk about, and that's how the company constantly connects with its customers.

Cramer noted that J. Crew is "out-producting" its competitors by making lasting products that consumers really love. The company is also making its stores easier to shop at, furthering its brand loyalty. Cramer said J. Crew is also expanding into wedding stores and men's apparel in a big way, with Drexler proclaiming that "the era of expensive men's suits is over."

With the stock of J. Crew up 386% from its lows of 2009, Cramer said J. Crew is most definitely a buy.

Am I Diversified?

Cramer spoke with callers to see if their portfolios have what it takes. The first caller's portfolio included McDonald's ( MCD), AT&T ( T), Johnson & Johnson ( JNJ), Cisco ( CSCO) and Walt Disney ( DIS).

Cramer said "holy cow," this portfolio is perfect.

The second caller's top holdings included Apple ( AAPL), Wells Fargo ( WFC), Vale ( VALE), Exelixis ( EXEL) and Citigroup ( C).

Cramer said this portfolio had two banks and advised selling Wells Fargo in favor of an industrial company.

The third caller had Bank Of America ( BAC), Suntech Power ( STP), RF Micro Devices ( RFMD), Petrobras ( PBR) and Nordic American Tanker ( NAT) as their top five stocks.

Cramer said this portfolio was also well done.

The fourth caller's top stocks were Hi Tech Pharmacal ( HITK), Aflac ( AFL), Plum Creek Timber ( PCL), J.M. Smucker ( SJM) and Exxon Mobil ( XOM).

Cramer also blessed this portfolio as diversified.

If you liked this article you might like

Why George Soros Is Buying Westport Innovations

Top 10 Stocks to Own for the Rest of the Year

Top 10 Stocks to Own for the Rest of the Year

10 Global Blue Chips for 2007

10 Global Blue Chips for 2007

'RealMoney' Radio Recap: Let's Get Small

'RealMoney' Radio Recap: Let's Get Small

Lafarge Bids for North American Unit

Lafarge Bids for North American Unit