Jim Cramer's Portfolios of the Week

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By Roberto Pedone

PEWAUKEE, Wis. (TheStreet) -- According to Jim Cramer, the recent industrial production numbers tell a good story. He pointed out that business segments such as corrugate boxes, caustic soda and chlorine, which are building blocks for basic infrastructure, are starting to look bullish.

Another area that Cramer sees bullish activity in is the makers of bricks such as Vulcan Materials(VMC Quote) and Martin Marietta Materials(MLM Quote). This would indicate that demand is picking up for the building of roads and new homes.

Also, the Federal Reserve numbers show that we are still destocking inventories, which makes Cramer believe that a W-style recovery isn't in the cards and a U-style is. All of these pickups in early economic recovery data lead Cramer to believe that employment numbers are going to do much better.

Despite all of that optimism, Cramer said he's done buying stocks for now. Cramer isn't turning into a bear, but he did advise investors to wait for stocks to come down before jumping into an overbought market.

Recently, Cramer found opportunity in stocks to play off an economic recovery, natural gas stocks and stocks with trapped short sellers. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts (these blog posts might require a RealMoney subscription).

Cramer's Recovery Stock Plays: Cramer thinks the economic recovery is at hand and that the bears are in trouble. On Wednesday's "Mad Money" episode, he told viewers that the proof of a recovery is in the companies that make the things we need to make things. The Cramer's Recovery Stock Plays portfolio includes Apple(AAPL Quote) and Citigroup(C Quote).