Cramer's 'Mad Money' Follow-Up: Follow the Leaders

Stock quotes in this article: BA , GOOG , AAPL , TSRA , SLM , JPM , COP  

On Friday's "Mad Money" show, Cramer said that the recession is not over and once again recommended sticking with proven leaders, focusing on banks, oils, tech and aerospace.

Specifically, Cramer recommended JPMorgan(JPM Quote) and ConocoPhillips(COP Quote), both of which he owns for his Action Alerts PLUS charitable trust, as well as Apple(AAPL Quote) and Boeing(BA Quote).

On Monday, JPMorgan added 84 cents, or 2.4%, to close at $35.39; Conoco inched up 2 cents to close at $45.02; Apple slid 82 cents, or 0.6%, to $143.85; and Boeing closed up 18 cents at $52.83.

Cramer also suggested several additional ways to play the tech rally, including Google(GOOG Quote) and speculative stock Tessera(TSRA Quote).

On Monday, Google lost $5.55, or 1.3%, to close at $438.77, and Tessera closed down 77 cents, or 2.9%, at $26.26.

His "speculative stock of the year," though, was Sallie Mae(SLM Quote). He said the stock is too low and said that it could double.

On Monday, Sallie Mae closed up $1.32, or 20%, at $7.93.

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At the time of publication, Cramer was long JPMorgan and ConocoPhillips.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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