Cramer's 'Mad Money' Recap: Valuing Co.'s vs. CEOs (Final)

Cramer said that Cisco, Red Hat and HP are all tech. He advised selling Cisco in favor of Abbott Labs (ABT) and Hewlett Packard in favor of Ensco (ESV) .

The second caller's top holdings included Abbott Labs (ABT) , Kraft Foods (KFT) , Conoco-Phillips (COP) , Windstream (WIN) and Mattel (MAT) .

Cramer said this portfolio was properly diversified.

The third caller had Devon Energy (DVN) , EOG Resources (EOG) , Las Vegas Sands (LVS) , SunTrust Bank (STI) and Statoil (STO) as their top five stocks.

Cramer identified three-of-a-kind in the oil patch and advised selling Devon and Statoil and picking up Verizon (VZ) and Abbott Labs (ABT) .

The fourth caller's top stocks were Conoco-Phillips (COP) , El Paso (EP) , Procter & Gamble (PG) , UnitedHealth Solutions (UNH) and Waste Management (WM) .

Cramer once again identified too much oil in this portfolio and again advised adding some Verizon (VZ) to replace El Paso.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer told viewers to cut IBM (IBM) (a stock which he owns for his charitable trust Action Alerts PLUS) and Intel (INTC) some slack. He said both companies deserve the benefit of the doubt.

Cramer acknowledged that IBM missed revenue targets, but noted that the company still made its earnings number and is still not an expensive stock. He said the stock will rest for a little before resuming higher.

Intel is a little more complicated, said Cramer. A disk drive shortage hampered PC sales last quarter, but Microsoft's (MSFT) new Windows 8 will drive a lot of sales in 2012. Intel is also opening new plants that will pressure gross margins, but that too will be overcome soon.