Jim Cramer's Portfolios of the Week

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By Roberto Pedone

PEWAUKEE, Wis. (TheStreet) -- According to Jim Cramer, investors shouldn't read too much into Thursday's market action. He reminded investors that the market has gone up for six days in a row on no real news, so it's very reasonable to trade lower for a day on nothing.

Cramer pointed out that we have a number of bullish items, such as improving jobless claims, weak oil prices and bullish guidance from Wal-Mart(WMT Quote), that should give the bulls some comfort in the short term. Plus, Cramer believes that investors should stop fearing high gold prices.

On Wednesday's "Mad Money" TV show, he told viewers that the rally in gold is actually a good thing, not a sign of pending doom for stock prices. Cramer highlighted three reasons why the gold rally is good: It means the dollar is falling, which is bullish for construction equipment companies, aerospace firms and drug makers; high gold prices mean no deflation; and high gold prices means reflation, a situation in which companies are growing their earnings.

Cramer recommended investors play gold with the SPDR Gold Trust ETF(GLD Quote) and the Market Vectors Junior Gold Miners ETF(GDXJ Quote). He said higher gold prices are good because they can help the economy and your portfolio.

Recently, Cramer found opportunity in companies that benefit from a weak dollar, five stocks for this bull market and health care stocks. 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).