Cramer's 'Mad Money' Recap: Capitalizing on Bad News

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"Expectations may have finally fallen far enough to create some genuine moneymaking opportunities," Jim Cramer told viewers of his "Mad Money" TV show Friday.

If the news continues to get worse, it only increases the chances that the Federal Reserve will lower rates, and that's great news for stocks, he says.

Here's Cramer's game plan for next week. He recommends buying Apple(AAPL Quote) ahead of the MacWorld Expo, which starts Monday in San Francisco. To be sure, Apple shares have been clobbered in recent days, and there likely won't be any product announcements as sexy as the iPhone was last year, he says.

However, with these low expectations and Steve Jobs being a great speaker, Apple stock should do well, he says.

On Tuesday, Citigroup (C Quote) and Intel (INTC Quote) report their earnings.

Cramer expects Citigroup, which he owns for his charitable trust, Action Alerts PLUS, to bottom after its earnings are announced. Intel, he says, has expectations that are so low that even no news should take that company's stock higher.

On Wednesday, Wells Fargo (WFC Quote) and JPMorgan Chase (JPM Quote) report. Cramer likes Wells Fargo on the possibility it could be a buyer of Washington Mutual (WM Quote). He said he would buy JPMorgan on Tuesday afternoon, but only if Citigroup shares spike after its conference call with analysts.