The market certainly hasn't been pretty over the last week. There is widespread panic, but that doesn't mean there aren't any investment opportunities out there.

Jim Cramer, who has been pointing out the mortgage mess and the weakness in the financials for quite some time now, continues to be amazed by

Federal Reserve

Chairman Ben Bernanke's stance on this market. But if you remain calm and disciplined, Cramer says, it's in a beaten-down environment such as this that you can pick up some good value long term.

While we wait and watch, Cramer continues to try to help us make money in this uncertain market. Here are some of the highlights from Cramer over the past week as aggregated from his "Mad Money" TV show, his "Stop Trading!" segment on

CNBC

and his

RealMoney

blog posts:

Cramer's Fed Fallout Shelter Stocks

: In his

Aug. 14 "Mad Money" show

, Cramer again urged investors to find opportunities away from banks, creditors and mortgage companies. While Cramer believes that the Fed is willing to take a recession, he assured viewers that food stocks will outperform the market, offering investors a chance to make profits. "We're talking about brands," said Cramer, re-emphasizing the importance of brand strength. Investors can make "big money" by buying into companies that recognize this principle, he said.

Cramer's Fed Fallout Shelter Stocks

include

Kraft

( KFT) and

Procter & Gamble

(PG) - Get Procter & Gamble Company Report

.

Cramer's Defensive Stocks

: On the

Aug. 13 "Mad Money" show

, Cramer told us that more than 7 million "teaser" mortgages will likely be defaulted and that investors should keep an eye out for the ripple effect and thus aim to protect portfolios from the House of Pain. He urged us to "stay defensive," because more problems will come for banks, brokers and funds. Avoid companies such as

Thornburg Mortgage

( TMA),

Washington Mutual

(WM) - Get Waste Management, Inc. Report

,

Lehman Brothers

( LEH),

KB Home

(KBH) - Get KB Home Report

and

Beazer Homes

(BZH) - Get Beazer Homes USA, Inc. Report

, he said. Instead, he believes we should focus on

defensive plays

, such as

Coca-Cola

(KO) - Get Coca-Cola Company Report

and

Colgate

(CL) - Get Colgate-Palmolive Company Report

.

Cramer's Ag Stocks

: Cramer has been championing the agriculture bull market for quite some time, and in spite of the market turmoil, he continues to heap praise on ag stocks. In an Aug. 9 blog post, Cramer pointed out that "some bull markets will not be stopped. The other day, people were laying all over

TheStreet Recommends

Monsanto

(MON)

because of some ban on milk that comes from cows who've been given the bovine hormone Monsanto makes. That's all Luddite nonsense. The ag bull market is not something that will be stopped by mortgage issues."

Cramer's Ag Stocks

include

Bunge

(BG) - Get Bunge Limited Report

and

Deere

(DE) - Get Deere & Company Report

.

Cramer's Gambling Bull Market Stocks

: "Another bull market, the Macau gambling bull market, should be bought," Cramer said.

Cramer's Gambling Bull Market Stocks

include

Wynn Resorts

(WYNN) - Get Wynn Resorts, Limited (WYNN) Report

.

Lightning Round

: Cramer was full speed ahead last night with his latest

Lightning Round

. He was bullish on several stocks, such as

Crocs

(CROX) - Get Crocs, Inc. Report

and

Apple

(AAPL) - Get Apple Inc. (AAPL) Report

, but was bearish on the likes of

QLogic

(QLGC)

and

Knight Transportation

(KNX) - Get Knight-Swift Transportation Holdings Inc. Class A Report

.

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for

The Financial Times

and the author of

Trade Like a Hedge Fund

,

Trade Like Warren Buffett

and

SuperCa$h

. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;

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to send him an email.

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