During Monday's "Mad Money" show, Cramer evaluated how to prepare your portfolio for doomsday, just in case a diplomatic solution to the U.K. / Iran stand-off does not prevail. Hence his "Iran Awry Portfolio." Cramer: You need to be ready, in case the worst is yet to come. Cramer defensive: Abbot Labs (ABT). If higher oil prices produce a recession, defensive stocks will return to center stage. And a solid defensive is ABT. Cramer: ABT is the only drug stock that consistently beats the numbers. Cramer, also likes: Kinder Morgan Energy Partners (KMP): it's an energy company whose 6.3% dividend will look even better after a rush into U.S. Treasuries, in the event of an oil-price-fed recession. Cramer also likes: Yamana Gold (AUY), a superior-performing gold company. Cramer: If gold rises to $700 during a Persian Gulf crisis, AUY will jump $10. In addition to the 3 stocks recommended, Cramer also recommend a 25% cash position for this portfolio. In the Lightning Round, Cramer was bullish on: AKAM, CAKE, DEO, GGB, RIG, GSF, BRCD: buy more on pullback to $9; HAL; HP; GILD, GENZ, CELG, and GSOL. In the Lightning Round, Cramer was bearish on: STZ, AMGN, and LCAV. Next, Cramer evaluated Mastercard (MA), which Cramer says is worth $130-$140 per share. FDC is not the ultimate plastic play: MA is. MA has no debt, and Cramer does not believe current litigation will present a problem for MA. MA is a transaction payments play, not a lender. And it has a huge presence in the Europe and Asia growth markets. Buy MA. In the Sudden Death Round, Cramer had the following recommendations - Buy: Abbott Laboratories (ABT). Sell: Nabi (NABI) and Wyeth (WYE).
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