Jim Cramer's Portfolios of the Week

This past week, Jim Cramer was still all about this market move. He is fascinated by the lack of supply and what seem like endless opportunities. He never believes it is too late to be a part of this market. As he said yesterday, "This is no time to panic, just buy."

Jim never has any problem letting us know where we should be focused. Of course, he was all over the Fed meeting, but he also talked about defense, banking stocks, takeover targets and many more subjects. Here are some of the highlights from Jim over the past week (aggregated from "Mad Money," "Stop Trading!" and his articles):

Cramer's Takeover Targets: On the May 7 "Mad Money" show, Cramer announced that he has "a new method for predicting takeovers: Stocks with the biggest buybacks also have a big chance of being taken over." Four out of the 14 companies that have bought back 17% or more of their shares over the last year have either been taken over or have agreed to be taken over in the last few months, he said. Even though four out of 14 might not sound like much, hitting a takeover target is like winning the lottery. Cramer said he bets the other 10 stocks on this list are great takeover targets, as well. He gave us his Top 3 Takeover Targets, one of which is Weight Watchers (WTW Quote).

Cramer's Top 12 Stocks: On the May 10 "Mad Money" show, Cramer pointed out that there are 12 stocks in the driver's seat because hedge funds and mutual funds are pushing them upward on a daily basis. These dozen stocks are reaping the rewards from the new trends. Since the big boys own them, Cramer thinks we should own them also. He gave us these Top 12 Stocks, which include Honeywell (HON Quote) and Caterpillar (CAT Quote)....