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Jim Cramer's Portfolios of the Week

James Altucher

Jim Cramer isn't letting record high crude oil prices dampen his outlook on the markets. In fact, Cramer believes investors should use the strength in commodities to make money. Recently, Cramer found opportunity in wind-related stocks, stock plays he's screwed up in the past and gold stocks.

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 Favorite Natural Gas Stocks: Recently, Cramer said 2008 is "the year of natural gas." On Tuesday's "Mad Money" show, Cramer told viewers: "With the growth rates for a natural gas drillers averaging 15%, investors will be hard pressed to find such high growth in any other sector." Cramer's Favorite Natural Gas Stocks include El Paso EP and EnCana ECA among others.

Cramer's Wind Stock Picks: Comments by Warren Buffett on Wednesday's CNBC "Squawk Box" segment helped Cramer realize that wind mills are in short supply. In a May 7 blog post, he wrote: "We caught a moment earlier this week when it became clear to me that wind power may be the biggest sleeper out there." Cramer's Wind Stock Picks include names like Broadwind Energy BWEN among others.

Cramer's Gold-Is-Back Stock Picks: Cramer believes investors should once again look toward gold to make money. On Thursday's "Stop Trading!" segment, Cramer told viewers: "Oil is correlated to supply and demand. The stocks are signaling that gold is going higher." Cramer's Gold-Is-Back Stock Picks include Yamana Gold AUY among others.

Cramer's Mea Culpa Stocks: All week long, Cramer has been talking about some of his blown calls in hopes that viewers can learn from his errors. On Wednesday's "Mad Money" show, Cramer told viewers: "My real mistake was greed. Despite recommending Schering-Plough SGP at $16, I did not take a profit when the stock hit $31." Cramer's Mea Culpa Stocks include Google GOOG among others.

Cramer's Good Earnings Stocks: Cramer has been shocked that some companies are reporting strong earnings in this tough economic environment. In a May 6 blog post he wrote, "Earnings are unbelievably good. They are amazing. And they should be terrible." Cramer's Good Earnings Stocks include NYSE Euronext NYX and Emerson Electric EMR among others.

Cramer's Oil Stock Picks Off Exxon's Miss: Cramer believes investors should use the weakness created by Exxon'sXOM earnings miss to buy oil stocks. In a May 2 blog post, he wrote: "This is so, so wrong. Here's the deal: The Exxon quarter was about one tension: the need for Exxon to stop buying back stock and start drilling." Cramer's Oil Stock Picks Off Exxon's Miss include Chesapeake CHK and Oil Services HOLDRs OIH among others.

Cramer's U.S. Gems Eyed by Europe: Cramer believes some U.S. gems are on the radar of European companies, due to a weak dollar. In a May 7 blog post, he wrote: "Yesterday was really ugly. But this market doesn't have much of a memory. Go back over the franchises with great brands that have been crushed both here in stock and there in currency. These are no longer going to be needles in a haystack." Check out Cramer's U.S. Gems Eyed by Europe.

Cramer's 'Retail Stock Trade Is Over': Cramer thinks it's time to lock in profits in the retail complex. In a May 8 blog post, he wrote: "This group, which enjoyed a nice rally, is now truly dead to me for a while." Cramer's 'Retail Stock Trade Is Over' includes Best Buy BBY and Home Depot HD among others.

Lightning Round: Cramer was full speed ahead last night with his latest Lightning Round. He was bullish on several stocks such as Sprint Nextel S and Koppers Holdings KOP, but also bearish on the likes of Sigma Designs SIGM and Oshkosh Truck OSK.

(Editor's note: At the time of original publication of his posts and shows, Cramer owned El Paso, NYSE Euronext, Schering-Plough and Yamana Gold for his Action Alerts PLUS charitable trust. And General Electric owns CNBC, for which Cramer is a featured commentator.)