Cramer's 'Mad Money' Recap: Two Specs to Examine

At the same time, he warned viewers against acting too fast and paying too much for the stock. Be careful and look for a good entry point, Cramer said, adding that he sees two points of upside for this stock only if people play by his rules and wait until at least Monday afternoon to buy it.

Although Sun Micro has been a "loser," the turnaround here is real at last, he said. First, the company is cutting costs, which means higher margins, and its product sales are growing, Cramer said.

Plus, it "has a lot of upgrade potential," with a server business that's "en fuego" and a "strong" software business, he said, advising people to buy it patiently and carefully with limit orders.

Cramer's Game Plan

According to his game plan for next week, Cramer believes people should consider buying GlobalSantaFe (GSF Quote) ahead of when it reports on Monday, because he believes it will have a "blowout quarter."

However, he expects that Marvell Technology (MRVL Quote), which he owns for his Action Alerts PLUS charitable trust, will report a bad quarter after market close on Monday. Cramer advised viewers to buy Marvell after it gets hit on Monday, because Analog Devices (ADI Quote) said earlier this week that there could be a bottom in the chip inventory cycle, which means the negativity for Marvell should subside.

On Tuesday, Blockbuster (BBI Quote) reports, and Cramer recommends market players sell a little before it reports, wait for everyone to take their profits in the stock and then buy some back.

Similarly, he told people to sell a little Dynegy (DYN Quote) before it reports Tuesday and buy it again after everyone has left it and taken profits.

Cramer suggested people take a look at and consider buying Foster Wheeler (FWLT Quote) and McDermott (MDR Quote), both of which he believes will report "solid earnings."

Further, he told people to buy Charter Communications (CHTR Quote) before it reports and to only buy some Sprint (S Quote) after it reports if it has an "incredibly miserable" quarter.

Other companies that report in the latter half of next week that Cramer considers good buys are Gap (GPS Quote), Viacom (VIA.B Quote) and VeriFone (PAY Quote).

Mad Mail

In the show's "Mad Mail" segment, in response to a viewer who wrote in, Cramer said that he believes it's better to buy the stronger company, like Sirius Satellite Radio (SIRI Quote), rather than the weaker company, like XM Satellite Radio (XMSR Quote), in an anticompetitive merger, because whether or not the deal goes through, the former should go up.

Lightning Round

Cramer was bullish on Suncor Energy (SU Quote), EnCana (ECA Quote), Verizon (VZ Quote), AT&T (T Quote), Hewlett-Packard (HPQ Quote), Vasco Data (VDSI Quote), Devon Energy (DVN Quote), Arch Coal (ACI Quote), Peabody (BTU Quote), General Maritime (GMR Quote), Prudential (PRU Quote) and Quest Diagnostics (DGX Quote).

Cramer was bearish on Oilsands Quest (BQI Quote), Cellcom Israel (CEL Quote), Sprint (S Quote), Petrohawk Energy (HAWK Quote), Frontline (FRO Quote) and Tronox (TRX Quote).

For more of Cramer's insights during the Lightning Round, click here.

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Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by clicking here.

1 What would best describe your stance heading into the coming week of trading? Bullish Bearish Neutral 2 Which of these sectors do you think is set to move up in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities 3 Which of these sectors do you think is set to move down in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities View the results without voting