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TheStreet Open House

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

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NEW YORK ( TheStreet) -- Gone are the days when the markets get hammered and stay hammered, an upbeat Jim Cramer told "Mad Money" viewers Friday.

He laid out his game plan for next week's trading action, saying the market's rally now seems almost unstoppable.

That's why on Monday, Cramer said, he'll be watching homebuilder Lennar (LEN), a company that survived the housing crisis through excellent management, and Paychex (PAYX), a stock that's up 15% for the year and has a yield of almost 4%.

Cramer said he also expects good things when Red Hat (RHT) reports Monday.

Tuesday brings earnings from Carnival Cruises (CCL), a company on the mend from its disaster last year, and also contract manufacturer Jabil Circuits (JBL). Cramer said he's betting on good quarters from both companies.

For Wednesday, Cramer said all eyes will be on crude oil inventories. If the numbers are bad, he'll use the weakness to pick up Schlumberger (SLB) on the cheap.

Then on Thursday its Discover Financial (DFS), spice maker McCormick (MKC), Nike (NKE) and Research in Motion (RIMM).

Cramer was bullish on Discover's partnership with eBay's (EBAY) PayPal and said McCormick makes things like parsley, sage, rosemary and profits. He was also bullish on Nike's recent dividend boost, but noted that Research In Motion is all but dead as the iPhone 5 sweeps the globe.

Finally, on Friday it's Walgreen's (WAG) turn at bat. Cramer said this one consistent earner has become a roller-coaster and he'd take profits ahead of earnings.

Executive Decision

In the "Executive Decision" segment, Cramer spoke with Alex Smith, president and CEO of Pier 1 Imports (PIR). This stock has risen an astounding 17,500% since the depths of the recession when it traded for as little as 11 cents a share and one that's doubled since Cramer first recommended the company in April 2010.

Smith said Pier 1 is constantly bringing in new seasonal merchandise so its customers will always find something new. He said his staff plans very carefully, building on past successes, which has allowed the company to become very successful where others have failed. Smith also touted the company's new Web site and ecommerce channel as another huge opportunity for Pier 1.

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