Walt Disney ( DIS): "With gasoline going down, Disney remains a buy. " Stillwater Mining ( SWC): "No. I like the SPDR Gold Shares ( GLD)."
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: Altria ( MO), Pepsico ( PEP), Procter & Gamble ( PG), ConocoPhillips ( COP) and New York Community Bank ( NYB). Cramer identified two consumer goods companies in Pepsico and P&G. He suggested selling P&G and adding a health-care stock such as Celgene ( CELG). The second portfolio's top holdings included: AFC Enterprises ( AFCE), American International Group ( AIG), Dynavax ( DVAX), Facebook ( FB) and Michael Kors ( KORS). Cramer said this portfolio was properly diversified. The third portfolio had: Target ( TGT), Sirius XM Radio ( SIRI), Clorox ( CLX), Walt Disney ( DIS) and Johnson & Johnson ( JNJ) as its top five stocks. Cramer said that Clorox was too much like Johnson & Johnson and he advised getting rid of Clorox in favor of an industrial like General Electric ( GE) or 3M ( MMM). The fourth portfolio's top stocks were: EMC ( EMC), Procter & Gamble ( PG), Bristol-Myers Squibb ( BMY), ConAgra ( CAG) and Vodaphone ( VOD). Cramer said this portfolio was also terrifically diversified.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer said he doesn't care what Hewlett-Packard ( HPQ) CEO Meg Whitman has to say at the company's analyst day. The company is no longer relevant and it is a value trap for investors. Cramer said the only move that would make sense would be for HP to merge with Dell ( DELL) and take the excess capacity out of the PC market. But with that scenario very unlikely to happen, the best one could hope would be a spin-off of HP's PC business, as IBM ( IBM) did years ago after it realized it was offering no added value to consumers. Cramer said the problem with this scenario is HP wouldn't be left with a lot, only printers and consulting, and in the latter it pales by comparison to the likes of SAP ( SAP) or Acenture ( ACN). Without a tablet of a smartphone in its ecosystem, HP will slowly be pushed out of the enterprise, said Cramer. That notion may sound farfetched today, he concluded, but the funny thing about younger people is they get older and eventually replace those of the previous generation. --Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDCTo watch replays of Cramer's video segments, visit the Mad Money page on CNBC.