Cramer's 'Mad Money' Recap: Preparing for the Worst

Tickers in this article: F SWY CAG NBS BPT WIN CLNE NOK PEP WPRT SBUX NOV WHR T TRMB S CHK COST BP CAT AAPL WFM KFN HD RAH KR EZCH EXC WU SVU COP BAC BMY PLCM BIDU RHT AIG SHW VZ

Cramer said this portfolio was fabulous just as it was.

The fourth portfolio's top stocks were: Bank of America (BAC) , American International Group (AIG) , ConocoPhillips (COP) , KKR (KFN) and Western Union (WU) .

Cramer said this portfolio was too concentrated in financials and advised selling Western Union and Bank of America and adding Apple and Bristol-Myers Squibb.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer explained the significance of ConAgra's (CAG) Tuesday announcement it is buying private-label food maker Ralcorp (RAH) .

Cramer said that for a long time nationally branded items ruled the roost. But in this past recession many of these brands lost some of their appeal. He said private-label items, which once came in simple black-and-white cans and were only sold in low-end stores, became the bread and butter of retailers such as Costco (COST) .

With their new hip packaging and better formulations, private-label goods are now in some ways even better than their branded competition.

As the divide between rich and poor becomes ever larger, Cramer said the move towards private label also becomes larger, an irreversible trend that ConAgra saw and capitalized on.

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-- Written by Scott Rutt in Washington, D.C.

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