Cramer's 'Mad Money' Recap: How to Play the Surprising Jobs Report (Final)

Search Jim Cramer's Mad Money trading recommendations using our exclusive Mad Money Stock Screener and watch Jim Cramer's Mad Money Post Game video exclusively on TheStreet.com.

---

NEW YORK (TheStreet) -- "Things are starting to get better, and that means stocks will going higher," Jim Cramer told the viewers of his "Mad Money" TV show Friday.

He said that today's labor report, which showed a loss of only 11,000 jobs, means the huge wave of firings and downsizings is finally behind us.

Cramer said there will always be people who sell on good news, as evidenced by today's lackluster response to the jobs report. "But those people are wrong," he concluded. Cramer said the U.S. economy, which has been on life support for 18 months, may now be able to breathe again on its own.

With that market outlook in mind, Cramer outlined his game plan for next week's trading. He said that there aren't many earnings being reported next week, so his focus will be on the Society of Hematology conference, where four biotech names will be presenting.

Cramer said Celgene (CELG Quote), Allos Therapeutics (ALTH Quote), Immunogen (IMGN Quote) and Onyx Pharmaseuticals (ONXX Quote) will all be presenting at the conference, and he's bullish on all four. He said Celgene remains his favorite of the four, with Immunogen being the most speculative.

Cramer said he'll also be watching Ciena (CIEN Quote), which reports on Thursday. He said this company should put to rest some of the fears surrounding its acquisition plans and help take the stock higher.

Cramer said he's also concerned with Dollar General (DG Quote) after rival Family Dollar (FDO Quote) has negative things to say about the outlook for discount retail. He said he'd be a seller of Dollar General ahead of that company's earnings.

>>Bull or Bear? Vote in Our Poll