Cramer's 'Mad Money Recap': Next Week's Game Plan

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"My game plan for next week is a traditional one," Jim Cramer told viewers of his "Mad Money" TV show Friday.

He focused on a handful of companies that he feels will make investors money when they report their earnings next week.

On Monday, McDermott MDR reports its quarterly results, and Cramer expects its earnings will be light and take the stock lower, creating the perfect opportunity to buy competitor Foster Wheeler FWLT, a company which he owns for his charitable trust Action Alerts PLUS.

On Tuesday, Cramer suggested buying Wal-Mart WMT, saying he thinks the stock is headed to $60 a share.

On the flip side, Cramer said apparel company Liz Claiborne LIZ also reports on Tuesday, and that would be the perfect opportunity to sell. He called Liz Claiborne the quintessential sell, saying the company is still years away from a turnaround.

Cramer called agriculture giant John Deere DE, which reports its earnings on Wednesday, one of the premiere American manufacturers and a great brand name. Deere is thriving in the midst of global oil and food shortages and he expects the company to blow out their numbers.

Finally, he expects technology giant Hewlett Packard HPQ, which reports its earnings on Thursday, will post a big quarter. But he said no one will care. "Hewlett is old technology," he said, "and while it's the best of a breed, you just can't invest in it right now."

He told viewers to sell half of their positions before the company reports and the other half after they report.

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