Cramer spoke with callers to see if their portfolios have what it takes for today's markets. The first caller's portfolio included Apple ( AAPL), Chevron ( CVX), Kimberly Clark ( KMB), Wynn Resorts ( WYNN) and Teva Pharmaceuticals ( TEVA). Cramer said this portfolio had perfect diversification. The second caller's top holdings included Apple ( AAPL), Exxon-Mobil ( XOM), UnitedHealth Group ( UNH), McDonald's ( MCD) and Procter & Gamble ( PG). Cramer called this portfolio "terrific." The third caller had Bank of America ( BAC), Opko ( OPK), Alcoa ( AA), McCormick ( MKC) and Apple ( AAPL) as the top five stocks. Cramer said this portfolio also has "what we want" in a portfolio. The fourth caller's top stocks were Domino's Pizza ( DPZ), Whirlpool ( WHR), AT&T ( T), Cypress Semiconductor ( CY) and Pfizer ( PFE). Cramer also blessed this portfolio as perfectly diversified.
In the Lightning Round, Cramer was bullish on Regeneron Pharmaceuticals ( REGN), UnitedHealth Group ( UNH), Toll Brothers ( TOL), TAL International ( TAL), Yamana Gold ( AUY), Goldcorp ( GG) and EMC ( EMC). Cramer was bearish on Akorn ( AKRX), Pulte Homes ( PHM), Stillwater Mining ( SWC), Xyratex ( XRTX) and Diamond Foods ( DMND).
Embracing Natural Gas
In his "No Huddle Offense" segment, Cramer asked whether we are hostage to higher oil prices. His answer: yes and no. Cramer said in the short term, there is little our country can do to get relief from uncertainties in the Middle East. But in the long term, America has the opportunity to lower gas prices for good. Cramer said 25% of all U.S. imported oil goes to one thing, trucks, and if were were to switch those trucks, everything from pickups to heavy 18-wheelers, to natural gas we could turn the tide once and for all. Yet despite Westport Innovations ( WPRT) making high-tech natural gas engines right here in America and Clean Energy Fuels ( CLNE) building out natural gas fueling stations, the politicians in Washington aren't saying a word about natural gas. Cramer said America needs a "Cash for Clunkers" style incentive program to help companies embrace natural gas over imported diesel fuel. America also needs the auto companies to stop their sprint for electric vehicles and also embrace natural gas as a bridge fuel. Only then, he said, will the price at the pump be in our control and not the control of hostile nations. --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.