Stockpickr: Cramer's Portfolios of the Week

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This past week, Jim Cramer was again focused on earnings, the Fed and, most of all, playing defense. He is still a believer that we have more room to run, but he also wants to make sure we all know how and where to take advantage of this move higher.

Cramer continued to talk about tight supply, the amount of money being thrown at equities, as well as earnings announcements. There were also his new pockets of promise including medical stocks, his revalued plays, his favorite telcos and of course his private-equity buyout candidates.

Here are some highlights from Jim over the last week (aggregated from "Mad Money" and his "Stop Trading!" Segment on CNBC as well as his RealMoney blog posts):

Cramer's Defense Plays: Cramer informed us in an April 27 blog post that he is bullish on defense-related stocks again:

Here go the defense stocks again, with Lockheed Martin rallying nicely. These companies seem to trade in a very strange pattern: They deliver great numbers, raise guidance and then start retreating when everyone believes the numbers can't be sustained and the Democrats will bust up the party.

But Cramer then pointed out that "not only are the earnings consistent but the programs are so long term that anyone who is concerned about a Democratic slowdown is just wildly off base." Cramer's favorite Defense Plays include Lockheed Martin(LMT Quote) and General Dynamics(GD Quote).

Cramer's Revalued Plays: Cramer can't contain himself when talking about this recent market move. "Not just re-evaluation, but wholesale re-evaluation. Not just a one-day move, but multiple moves. That's what this big-cap move's all about," Cramer said in an April 30 blog post. He then went on to point out that "these moves are all about the newfound problem of the pools of capital being too big vs. the stocks themselves.

If you are running $300 billion or $400 billion, or upward you can't get enough stock in after one day. Only the hedge funds are flipping and that's why you can't dent these guys right now." Cramer's Revalued Plays "are the best places to be right now." His picks include Amazon(AMZN Quote) and IBM(IBM Quote).