Jim Cramer's Portfolios of the Week

Updated from 7:01 a.m. EDT

Jim Cramer thinks the skyrocketing price for a barrel of oil is getting ridiculous. However, no matter what oil does, Cramer has the confidence to guide investors toward the sweet spots in the market. Recently, he found opportunity in his new-tech stocks, coal stocks and stocks that benefit from higher oil prices.

Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts (these blog post links require a RealMoney subscription).

Cramer's Stock Plays For Oil's Rise: Cramer knows exactly which stocks to look at as oil continues its march higher. In a May 21 blog post, he wrote: "Every day that oil goes up, there is a new set of technologies that had formerly been priced out of the market that comes back to life." Cramer's Stock Plays For Oil's Rise include Trinity (TRB - commentary - Cramer's Take) and First Solar (FSLR - commentary - Cramer's Take).

Cramer's New-Tech Stock Picks: Cramer remains bullish on his new-tech stock plays that are bringing innovation to the most important parts of the economy. On Wednesday's "Mad Money" TV show, Cramer told viewers: "Use the weakness created by Merriman's downgrade to buy shares in EnerSys (ENS - commentary - Cramer's Take)." Cramer's New-Tech Stock Picks include Parker Hannifin (PH - commentary - Cramer's Take) and Navistar (NAVZ - commentary - Cramer's Take).

Cramer's Dividend Protection Stocks: Recently, Cramer reminded investors to not forget about dividends. In a May 22 blog post, he wrote: "Remember what worked down here last time (or at least where we seem to be going): dividends. You need dividend protection." Cramer's Dividend Protection Stocks include Verizon (VZ - commentary - Cramer's Take).

Cramer's Bullet-Proof Portfolio: Cramer took a fresh look at his bullet-proof portfolio, which he originally created in November of 2007. On Monday's "Mad Money" TV show, Cramer told viewers: "There's a global shortage of copper, and this is the company that has it. If the U.S. housing market recovers, I expect Freeport-McMoRan (FCX - commentary - Cramer's Take) to go through the roof." Cramer's Bullet-Proof Portfolio includes Foster Wheeler (FWLT - commentary - Cramer's Take) and Transocean (RIG - commentary - Cramer's Take).

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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