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Jim Cramer's 'Mad Money' Recap: Warren Buffett Is Part of Next Week's Game Plan

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NEW YORK (TheStreet) -- Is it time to "sell in May and go away," as the old investing suggests, or is it time to buy, buy, buy now that our hideous April is behind us? Jim Cramer told his Mad Money viewers Friday that he's betting on Warren Buffett to lift investors' spirits over the weekend at Berkshire Hathaway's (BRK.A) (BRK.B) annual shareholder meeting.

Flying on the Buffett tailwind, Cramer's game plan includes Denny's (DENN) on Monday, a fabulous restaurant that he thinks may give investors a reason to buy other restaurant names if Denny's comes in strong as expected.

Must Read: Warren Buffett's Top 10 Dividend-Paying Stocks for 2015

On Tuesday, Cramer will be looking out for Estee Lauder (EL) and Walt Disney (DIS), two stocks he likes but fears have run up too far ahead of earnings. He suggested waiting to buy either of them.

Next, on Wednesday, it's the battleground that is Tesla Motors (TSLA) reporting, and Cramer's looking for this stock to give back many of its recent gains when it reports what will most likely be a lackluster quarter. Also on Wednesday is Whole Foods Market (WFM), a stock Cramer thinks can be bought, perhaps half ahead and half after it reports.

Then, on Thursday, it's Alibaba (BABA) in the limelight. Cramer thinks Yahoo! (YHOO) is the better investment. He also felt that good numbers from Tableau Software (DATA) would be a good opportunity to buy other cloud-related stocks like Workday (WDAY).

Finally, on Friday the markets will be digesting the all-important non-farm payroll numbers. Cramer, along with the Federal Reserve and the rest of the markets, will be watching this key macro indicator closely.

A Strong Report Card

The American economy just received its latest report card, courtesy of Eaton (ETN), a stock Cramer owns for his charitable trust, Action Alerts PLUS. Despite what you may have heard, Eaton made the honor roll.

According to Cramer's exclusive interview with Eaton CEO Sandy Cutler Thursday, the American economy is humming right along with residential and non-residential construction, aerospace, cars and trucks all growing steadily. This is great news for the industrial sector and all those that support it.

So why are retail stocks slumping on fears that rising gas prices may one again crimp spending? Cramer acknowledged there is an impact on restaurants and retail depending on how much extra cash is left in consumers' pockets. But with job growth accelerating and so much of our economy doing well, the positives far outweigh the negatives.

That's why Cramer says the bottom may soon be coming for the retail sector, which is why he's watching next week's batch of restaurant and retail earnings for clues that it may be at hand.

Must Read: If You Can't Buy Warren Buffett's Stock, Try a 'Berky' Bra or Pair of Boxers

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