Jim Cramer's Portfolios of the Week

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By Roberto Pedone

PEWAUKEE, Wis. (TheStreet) -- According to Jim Cramer, investors are confused by the markets because a case can be made for both the bulls and the bears.

Cramer pointed out that the confusing pattern is happening all over the market. For example, Cramer told investors to watch Nike(NKE Quote) and Darden Restaurants(DRI Quote) for a read on consumer spending. Earlier this week, Nike reported a great number that sent the stock up sharply, but Darden reported an in-line number that sent shares down.

The confusion doesn't stop with the consumer. Cramer said the problem can also be seen in housing. Housing inventory is down, which is good for the bulls. However, Wall Street is focused on foreclosures and the expiring new-home-buyer $8,000 tax credit, and that's enough of a problem to keep market players worried.

The IPO market was dead until A123 Systems(AONE Quote) hit the scene, and now M&A activity is picking up, but the rest of the market is struggling. How should investors take advantage of these wild fluctuations? Cramer's advice is to "diversify." He told viewers he bought both Home Depot(HD Quote) and Altria(MO Quote) to play both sides of the bull/bear debate.

Recently, Cramer found opportunity in gold stocks, mobile Internet stocks and two stocks that could have big upside. 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).