Cramer's 'Mad Money' Recap: This Magic Momentum

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The game plan for next week is getting into stocks that have reached their 52-week high as the market edges closer toward the end of the quarter, Jim Cramer told viewers of his "Mad Money" TV show Friday.

Three companies that Cramer advised getting into are J.C. Penney (JCP Quote), First Marblehead (FMD Quote) and Garmin (GRMN Quote).

Right now, these are the stocks that should get marked up at the end of the quarter, he said. They are the winners. After all, every mutual fund and investor wants to get into the top-performing companies as we reach the end of the quarter, Cramer said.

However, Cramer wants market players to take the safe route and buy half their positions before the Fed meets and to buy the other half after its meeting next Thursday.

The first company that Cramer believes is near or at its 52-week high and will be marked up is J.C. Penney, he said. This company is a little off its high, he said, calling it the most consistent retailer in country.

The company, which has high-range and midrange products, reported an 11% increase in May same-store sales.

The second stock on the high list is First Marblehead (FMD Quote), a private-education lending business, Cramer said.

First Marblehead has seen huge growth and has an ideal business model, Cramer said. In addition, the stock has more than 10 million shares that are held short, which is more than a 30% short position in this company.

"When you have a short position that high, it's almost inevitable that you'll see a squeeze that pushes the stock higher, especially when the stock has great momentum," Cramer said.

The store recently signed a three-year agreement with General Electric (GE Quote) to market private student-loan services.

The third stock Cramer recommended was Garmin (GRMN Quote). This company manufactures global positioning system (GPS) technology, and it keeps winning, Cramer said, adding that it had the single best quarter of any company he follows.