Am I Diversified?

Cramer spoke with callers to see if their portfolios have what it takes. The first caller's portfolio included NV Energy ( NVE), AT&T ( T), CSX ( CSX), Eli Lilly ( LLY) and Armour Residential REIT ( ARR).

Cramer said he's not a fan of Armour, but otherwise this portfolio is properly diversified.

The second caller's top holdings included Duke Energy ( DUK), Pfizer ( PFE), Annaly Capital ( NLY), Altria ( MO) and Verizon ( VZ).

Cramer said this portfolio was hard to beat.

The third caller had Apple ( AAPL), MasterCard ( MA), Ralph Lauren ( RL), Schlumberger ( SLB) and Home Depot ( HD).

Cramer said this portfolio was "good to go."

The fourth caller's top stocks were JP Morgan Chase ( JPM), Qualcomm ( QCOM), DuPont ( DD), Clorox ( CLX) and Alpha Natural Resources ( ANR).

Cramer said this portfolio was also well played.

Lightning Round

Cramer was bullish on American Campus Communities ( ACC), Halliburton ( HAL), Verizon ( VZ), AT&T ( T), EOG Resources ( EOG), Intel ( INTC) and Qualcomm ( QCOM).

Cramer was bearish on Valero Energy ( VLO) and Advanced Micro Devices ( AMD).

Sucker's Game

In his "No Huddle Offense" segment, Cramer said "enough already" with the questions regarding Yahoo! ( YHOO) and Research in Motion ( RIMM). These companies just don't matter anymore, he said.

Cramer explained that both Yahoo! and Research in Motion are no longer trading on their fundamentals, they're trading on takeover rumors. This is a sucker's game, he explained. Cramer said companies that are losing customers don't get bought and neither do those where the estimates are too high. Both of these companies, said Cramer, are losing market share and have estimates that are still far too high.

When it comes to cell phones, Cramer said that Apple ( AAPL), a stock which he owns for his charitable trust, Action Alerts PLUS , is the only way to go. When it comes to the Web, Cramer said it's Google ( GOOG) all the way.

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

To contact the writer of this article, click here: Scott Rutt.

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