Cramer's 'Mad Money' Recap: Skin-Deep Investing

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It's time to make some money on vanity, Jim Cramer said on Friday's "Mad Money" TV show, and cosmetic lasers are on fire.

He has said he'd buy Syneron Medical (ELOS Quote) and then sell as a way to make some money. He also still likes Cynosure(CYNO Quote).

But Cramer said the company that's best of breed in the cosmetic laser business is Palomar Medical Technologies(PMTI Quote).

That's because Investor's Business Daily has identified that the company has more patent protection than its competitors and, Cramer added, it will be the first to introduce home-based cosmetic laser systems that will be marketed by Procter & Gamble(PG Quote) subsidiary Gillette and Johnson & Johnson(JNJ Quote).

Gillette will market a laser that removes hair, and Johnson & Johnson will market a laser that targets cellulite.

"I don't know how big the consumer market is, but I'm pretty sure it will be enormous," Cramer said.

Palomar went after Cutera(CUTR Quote), saying that the company used its technology, and Cramer said it looks like Palomar will win.

He thinks it's just the beginning and that the company will put the screws to the rest of the competition that has used its technology without permission.

A caller wanted to know if Johnson & Johnson's stagnant stock would move higher on the deal with Palomar.

Cramer said that until the Guidant(GDT Quote) deal is done, he would stay away from J&J.