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Jim Cramer's Portfolios of the Week

Recently, Cramer found opportunity in stocks for a new bull market, strange stocks showing strength and stocks the market missed over the Memorial Day weekend.

WINDERMERE, Fla. (Stockpickr) -- According to Jim Cramer, the market needs to meet six requirements before a meaningful rally can be sustainable. On Wednesday's "Mad Money" TV show, he said that only when these items are checked off can the market rally and can we feel safe to buy tech, retail the industrials and the accidental high-yielders.

The six requirements that Cramer wants to see are as follows: fine print on financial regulations, Spanish bank stabilization, lower unemployment, a resolution on the oil spill, a soft landing in China and European stabilization.

In regards to European stabilization, Cramer said the market needs to have a stable euro. He explained that we need to see no more downgrades of country debt and no more talk of countries dropping the euro.

He mentioned that with the oil spill in the Gulf of Mexico, the market needs to see that the spill has been contained in order for the entire oil sector to begin recovering.

Cramer warned investors to temper their enthusiasm. He said Wednesday's rally will just be another reason to sell if the six requirements aren't met.

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).

Cramer's 3 Picks for a New Bull Market

: Cramer has identified a new bull market in the trucking sector. On

Wednesday's "Mad Money" TV show,

he said

Cummins

(CMI) - Get Report

has $1 billion in cash and trades at just 10 times earnings with a 14% long term growth rate. The

Cramer's 3 Picks for a New Bull Market

portfolio includes

Paccar

(PCAR) - Get Report

and

Navistar

(NAV) - Get Report

.

Who Owns Cummins? Hotchkis & Wiley

Cramer's Strange Stocks Showing Strength

: Cramer has noticed some strange action in the markets with stocks such as

Wal-Mart

(WMT) - Get Report

and

General Mills

(GIS) - Get Report

going up along with

IBM

(IBM) - Get Report

. In a

May 25 blog post,

he wrote: "Weird group of stocks that are higher: the defensives, some consumer plays and some techs." The

Cramer's Strange Stocks Showing Strength

portfolio includes

Goldman Sachs Group

(GS) - Get Report

and

Kohl's

(KSS) - Get Report

.

Cramer's BP Impact Stocks

: Cramer believes that stocks such as

Nabors

(NBR) - Get Report

are being wrongly sold off due to

BP's

(BP) - Get Report

oil spill in the Gulf of Mexico. On

Tuesday's "Mad Money" TV show,

he said that not all oil service companies are created equally, and the slide in the

Oil Service HOLDRs ETF

(OIH) - Get Report

could be a great opportunity for companies such as

Schlumberger

(SLB) - Get Report

. The

Cramer's BP Impact Stocks

TST Recommends

portfolio includes

Patterson-UTI Energy

(PTEN) - Get Report

and

Weatherford International

(WFT) - Get Report

.

Who Owns Schlumberger? Ken Fisher Dodge & Cox

Cramer's Not0Cheap Enough Stocks

: Cramer thinks

Doug Kass's List

of stocks he's buying is cheap but not cheap enough. In a

June 2 blog post,

Cramer wrote: "

Exxon Mobil

(XOM) - Get Report

? We prefer

ConocoPhillips

(COP) - Get Report

for the nat gas which has bottomed and for the restructuring." The

Cramer's Not Cheap Enough Stocks

portfolio includes

EMC

(EMC)

and

Prudential Financial

(PRU) - Get Report

.

Who Owns ConocoPhillips? David Dreman Tweedy Browne Wallace Weitz

Cramer's 3 Stocks the Market Missed

: Cramer thinks traders may have missed three hot stocks due to the long Memorial Day weekend. On

Tuesday's "Stop Trading!" segment,

he said: "

NetApp

(NTAP) - Get Report

had the best report of any tech company with the exception of

Apple

(AAPL) - Get Report

." The

Cramer's 3 Stocks the Market Missed

portfolio includes

Cirrus Logic

(CRUS) - Get Report

.

Cramer's Counter-Programming Stocks

: Cramer thinks a number of stocks work in terms of a counter-program to what's going on in the markets. In a

June 1 blog post,

he wrote: "Speaking of smoking, how about going long

Altria

(MO) - Get Report

and going short

Phillip Morris

(PM) - Get Report

? The MO dividend covers the PM dividend and then some, and you have to bet that Europe will hit cigarettes with some humongous taxes that we might not put on them. PM's got currency weakness and MO, by nature, has NO EUROPE WHATSOEVER." The

Cramer's Counter-Programming Stocks

portfolio includes

Deere

(DE) - Get Report

and

Annaly Capital

(NLY) - Get Report

.

-- Written by Roberto Pedone in Windermere, Fla.

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(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Cummins, Goldman Sachs, BP, Weatherford, ConocoPhillips, EMC, Prudential, Apple and Altria for his Action Alerts PLUS charitable trust.)