Cramer's 'Mad Money' Recap: The Four Tech Horsemen Ride Again

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The four horsemen of tech are riding higher, Jim Cramer told viewers of his "Mad Money" TV show Friday.

Research In Motion (RIMM Quote), Amazon.com (AMZN Quote), Apple (AAPL Quote) and Google (GOOG Quote), are up 45% on average since he grouped them together, Cramer said.

RIM is up more than 100%, breaking a new record after a monster quarter, Cramer said. Apple is at a new high, and Amazon and Google are very close to their respective highs as well.

While it's good to own these four horsemen, a portfolio needs more than tech, Cramer said. He told viewers that next week they should buy $80 stocks. But not just any $80 stocks, he said, $80 stocks that should go to $120.

In a bull market, Cramer believes that $80 stocks usually reach $100, and most go all the way to $120.

Earlier this year, he recommended stocks based on this $80-to-$120 thesis. But at that time, Cramer said, "the bull market was on the ropes," and the thesis didn't hold up. "The stocks got damaged as the market fell apart."

Now that the bull market is back, it's the "perfect time" to buy Boeing (BA Quote), Air Products (APD Quote), Terex (TEX Quote), Energizer (ENR Quote), Caterpillar (CAT Quote) and ConocoPhillips (COP Quote), the last two of which he owns for his charitable trust, Action Alerts PLUS, Cramer said.