Kinder Morgan Energy Partners ( KMP) issued three secondaries last year, said Cramer, all during times when oil was rising and all three made money. Secondaries at Enterprise Product Partners ( EPD) also confirmed this theory. Even MarkWest's offerings last year made money. That's why Cramer said that this time investors need to buy into the weakness because oil will be continuing its march higher.
Here's what Cramer had to say about callers' stocks during the "Lightning Round": DirecTV ( DTV): "It is a terrific stock. I like the cable companies like Comcast ( CMCSA) too, they have great growth." Exxon Mobil ( XOM): "It's at a 52-week high but it's not my favorite in the group. They have not delivered on their promise for natural gas. " Halcon Resources ( HK): "It's been a rough patch. I've been sticking with the dividend payers but that's a good spec."
Am I Diversified?
In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets. The first portfolio included: Wynn Resorts ( WYNN), Las Vegas Sands ( LVS), Abercrombie & Fitch ( ANF), ConocoPhillips ( COP) and Nike ( NKE). Cramer said that obviously this portfolio cannot have both Las Vegas Sands and Wynn, nor Abercrombie, a teen apparel play, and Nike, an athletic apparel player. He advised selling Wynn and Abercrombie and adding Celgene ( CELG) and Walt Disney ( DIS). The second portfolio's top holdings included: Apple ( AAPL), Macy's ( M), Bank of America ( BAC), American International Group ( AIG) and Scott's Miracle-Gro ( SMG). Cramer said this portfolio was properly diversified. The third portfolio had: Google ( GOOG), Boeing ( BA), Starbucks ( SBUX), J.P. Morgan Chase ( JPM) and Home Depot ( HD) as its top five stocks. Cramer said this portfolio was "rocking."
No Huddle Offense
In his "No Huddle Offense" segment, Cramer offered his opinion as to why so many retailers are seeing such strong results. If you listen to the naysayers, the strength in retail is nothing more than the stronger players taking share from the weaker ones. But where are those weaker ones, asked Cramer? Only JCPenney ( JCP) is losing share and that business isn't nearly big enough to move the needle. Other naysayers point to drawdowns in inventory thanks to heavy discounting. But Cramer noted that VF Corp ( VFC), Ralph Lauren ( RL) and PVH ( PVH) are all shipping more, not less, into the retail channel.