In the "Am I Diversified" segment, Cramer spoke with callers to see if their portfolios have what it takes for today's markets. The first caller's portfolio included Auto Zone ( AZO), Decker's Outdoor ( DECK), Kinder Morgan Energy Partners ( KMP), Bank Of America ( BAC) and Verizon ( VZ). Cramer said he liked this portfolio and it was properly diversified. The second caller's top holdings included Visa ( V), Caterpillar ( CAT), UPS ( UPS), Google ( GOOG) and Amgen ( AMGN). Cramer said this was an interesting high-growth portfolio and it too was diversified. The third caller had Broadcom ( BRCM), Chesapeake Energy ( CHK), Decker's Outdoor ( DECK), Wynn Resorts ( WYNN) and Siemens ( SI) for the top five stocks. Cramer also blessed this portfolio as being properly diversified. The fourth caller's top stocks were Procter & Gamble ( PG), Conoco-Phillips ( COP), Black Hills ( BKH), Home Depot ( HD) and Pfizer ( PFE). Cramer said this portfolio made it four-for-four when it comes to great diversification.
Cramer was bullish on Federal Realty Investment Trust ( FRT), Tanger Factory Outlet Centers ( SKT), First Niagara Financial ( FNFG), Fortinet ( FTNT), Rio Tinto ( RIO), Freeport-McMoRan ( FCX) and Linn Energy ( LINE). Cramer was bearish on Kimco Realty ( KIM), Groupon ( GRPN), Human Genome Sciences ( HGSI) and First Solar ( FSLR).
Old Tech Fades
In his "No Huddle Offense" segment, Cramer said the personal computer is no longer where the action is any more, and the band of PC makers and components has broken up and moved on. How else could you explain shares of Microsoft ( MSFT) barely moving after an announcement of slowing PC sales? Cramer said Microsoft is moving itself away from PCs and into gaming with Xbox, smartphones with Nokia ( NOK) and into video with its acquisition of Skype. Other traditional PC plays, like Intel ( INTC), are moving away from PCs as well, said Cramer. In the case of Intel, its moving into other processors, while PC makers like Dell ( DELL) is expanding into software and services. News of slowing PCs used to be able to take down all of tech, said Cramer, but that era has now past. --Written by Scott Rutt in Washington, D.C. To contact the writer of this article, click here: Scott Rutt. Follow TheStreet on Twitter and become a fan on Facebook. To submit a news tip, send an email to: email@example.com. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. For more of Cramer's insights during the Lightning Round, click here .