Am I Diversified?

Cramer spoke with callers to see if their portfolios have what it takes. The first caller's portfolio included UPS ( UPS), Yum! Brands ( YUM), Ford ( F), Brown-Forman ( BF-B) and Humana ( HUM).

Cramer said that this portfolio had perfect diversification.

The second caller's top holdings included Ford ( F), Carrizo Oil and Gas ( CRZO), Kirby ( KEX), SPDR Gold Shares ( GLD) and Redhat ( RHT).

Cramer said this portfolio was also properly diversified.

The third caller had Nike ( NKE), Bristol Myers-Squibb ( BMY), Polo-Ralph Lauren ( RL), Ford ( F) and Chevron ( CVX).

Cramer said this portfolio was also terrific and he blessed these stocks.

Lightning Round

Cramer was bullish on Halliburton ( HAL), Abbott Laboratories ( ABT), Honeywell ( HON), Tyco ( TYC), Xcel Energy ( XEL) and Entegris ( ENTG).

Cramer was bearish on Bank of America ( BAC), Flowserve ( FLS) and Brown & Brown ( BRO).

Companies Count

In his "No Huddle Offense" segment, Cramer reminded viewers to not forget about what individual companies are saying. He said when the woes of Europe stop controlling our markets, those comments will mean something again.

Cramer said in today's market, the successes rarely get noticed, as the markets only focus on the negatives. Case in point, Oracle ( ORCL) vs. Hewlett-Packard ( HPQ). Cramer said both companies sell technology, but Oracle delivered great numbers while Hewlett floundered.

The same pattern emerged with General Mills ( GIS) vs. ConAgra Foods ( CAG). Both companies faced inflation issues, but the General passed with flying colors, while ConAgra missed big and offered only a negative outlook.

Cramer said shares of Hewlett-Packard soared today on rumors of that its CEO may soon be ousted. "Doesn't that say it all?"

--Written by Scott Rutt in Washington, D.C.

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At the time of publication, Cramer was long Caterpillar, Apple.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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.

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