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You want me to talk about

Baidu.com

(BIDU) - Get Report

? Jim Cramer asked Friday night on his "Mad Money" show. OK, he said.

The stock, which climbed $95, or 354%, to $123.06 on its first day of trading Friday, trades at 1,000 times earnings. It trades at 128 times sales. "You know what to do," Cramer said: SellSellSell!

With that out of the way, Cramer moved on to something he said investors could make money on.

After a selloff, Cramer said, investors should buy companies that announced better-than-expected earnings the day before. You are looking for the stocks no one focused on. Cramer said that means you want to look for a stock like

Alliant Techsystems

(ATK)

.

This company makes bullets. The company traded down Thursday even though it beat first-quarter estimates by a penny and blew by sales estimates. Cramer said you want to buy this bullet maker because people buy bullets when armies are training for war and expanding. Indeed, 95% of bullets are used during practice. So, you haven't missed the move in Alliant, Cramer said.

And he said not to worry about the Government Accounting Office report talking about moving to another supplier for small-caliber bullets. The government did add some bullets made by another supplier, but that's in addition to the 1.3 billion-bullet commitment it has with Alliant. That new supplier won't take anything away from Alliant, Cramer said.

The bottom line? Buy Alliant Techsystems now -- before it shoots through $80.

To the Oilwell

Another stock that was down, even though it posted great earnings, was

National Oilwell Varco

(NOV) - Get Report

. But investors could have been in this stock well before it ran up into its earnings report. They could have been long if they had paid attention to the

Baker Hughes

(BHI)

rig-count numbers.

Baker Hughes, which publishes rig-count figures every month, said that rigs were up 179 from last month and 378 year over year. "But no one seems to care," Cramer said. Cramer predicted that investors are going to start paying attention to these rig numbers. They are going to pay attention because people could have made money in National Oilwell and Baker Hughes and

Haliburton

(HAL) - Get Report

if they had been paying attention to these rig-count figures.

Cramer said rig counts are going to continue climbing. Rising rig counts, Cramer said, are good news for the oil drillers. That's why Cramer said you need to continue to be long National Oilwell Varco and why you need to get long Haliburton and Baker Hughes. Finally, Cramer said that if these stocks go down next week, investors should load up.

Don't Tear Down the House

Cramer also highlighted homebuilding stocks.

"D.C. housing market imploding"? Cramer asked. "Excuse me if this doesn't sound like when the Las Vegas market imploded and everyone got short the homebuilders," Cramer said. "I take these things with a grain of salt." Cramer said that every bear out there -- from Boo Boo to Smokey -- is telling you that D.C. is just the beginning -- the same way that Las Vegas was the beginning. "And the stocks are down horribly," Cramer said, "as they are wont to be now and then."

However, Cramer said that you can't extrapolate. Sure,

Toll Brothers

(TOL) - Get Report

did get up to 16 times earnings, which is a bit extreme. But, Cramer said, "I would not shy away from the homebuilders selling below eight times earnings," which is where

Lennar

(LEN) - Get Report

is at.

The Las Vegas extrapolation killed the bears, Cramer continued. And that market came roaring back after the excess inventory was worked off.

"The housing index is up huge since then. I suspect that the giant increases, and not the Washington market, are really behind the selloff," Cramer said. But Cramer agreed that you would be a hog if you didn't take something off the table in the homebuilders.

But if you leave the table entirely based on one market, well, that would be just as stupid as the last time people did it, Cramer concluded.

Hot Pizza

Finally, Cramer spoke via telephone with David Brandon, CEO of

Domino's Pizza

(DPZ) - Get Report

. Brandon highlighted all of the strengths of Domino's business. It is building more stores. It is offering new products. And the company is going to continue selling during lunchtime, which Domino's believes is a great area of growth. Cramer asked Brandon about its largest shareholder -- which owns about 40% of the company. Is that investor (Bain Capital Investors) itching to get out of the stock? Cramer wondered.

Not at all, Brandon assured him. The shareholder has been an investor for seven years and is in for the long term, Brandon said. As for the price of cheese, Domino's said it is not highly levered to the commodity. Cheese prices ebb and flow, Brandon said. Domino's operating model allows it to take advantage of rising prices or lower prices -- it doesn't matter.

Cramer said investors should own Domino's. It has been incredibly consistent -- having not reported negative full-year comps in 11 years -- and it has significant cash flow. It has a lot of reward, Cramer said, and not a lot of risk. That's the kind of stock for him, he said.

'The Lightning Round

Bullish

Cramer was bullish on:

Bristol-Myers Squibb

(BMY) - Get Report

,

Time Warner

(TWX)

("Time Warner is cheap and will go higher"),

Grey Wolf

( GW),

Infosys Technologies

(INFY) - Get Report

,

Flir Systems

(FLIR) - Get Report

,

Apache

(APA) - Get Report

,

St. Jude Medical

(STJ)

,

Goodrich Petroleum

(GDP) - Get Report

,

Oil States

(OIS) - Get Report

,

Sears Holdings

(SHLD)

,

Gold Kist

( GKIS) ("cheaper and better than Tyson," Cramer said),

Automatic Data Processing

(ADP) - Get Report

,

Boyd Gaming

(BYD) - Get Report

, and

Aqua America

(WTR) - Get Report

("it's an all-board situation," Cramer said).

Bearish

Image placeholder title

Cramer was bearish on:

Citigroup

(C) - Get Report

,

Revlon

(REV) - Get Report

,

Tempur Pedic International

(TPX) - Get Report

,

Foundry Networks

( FDRY),

Merge Technologies

(MRGE)

,

Ceradyne

( CRDN),

Agere Systems

(AGR) - Get Report

,

DryShips

(DRYS) - Get Report

,

Lloyds

(LYG) - Get Report

,

Adolor

( ADLR),

Kulicke & Soffa

(KLIC) - Get Report

,

Emulex

(ELX)

,

Metris Companies

(MXT)

,

Travelzoo

(TZOO) - Get Report

,

Coldwater Creek

(CWTR)

, and

Dreamworks Animation

(DWA)

.

At the time of publication, Cramer was long Halliburton and Sears Holdings.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for ActionAlertsPLUS by

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