Click here for an archive of Cramer's "Mad Money" recaps.

A week from now, it will be time to buy

Bear Stearns

(BSC)

,

Lehman Brothers

(LEH)

and

Goldman Sachs

(GS) - Get Report

, Jim Cramer told viewers of his "Mad Money" TV show Friday.

Goldman Sachs (a stock Cramer owns for his

Action Alerts PLUS charitable trust), Lehman and Bear report earnings on Tuesday, Wednesday and Thursday, respectively. Cramer believes that one week from now the analysts that follow these "big three" brokerage firms will have given all the downgrades they're going to give. He predicts that on Friday, when the three are "painfully low," market players will be able to get "incredible bargains" in these stocks.

Cramer believes the bears will have to push the brokers down even if they report good numbers "in order to frighten people into selling."

"Stocks react to whoever shoots first, not how good the numbers are," Cramer explained. "And right now the bears have to shoot first."

When a quarter comes out, it becomes "imperative" for the bears to lie and spread rumors to send the stock down, he said. For those who believe that Cramer's being "too cynical," he reminded viewers that he's been in this game for decades and that "when the bears are out to destroy a stock, they will do it."

"The bears will paint the tape in bright red, which is sell," Cramer said. Then on Friday, people will be able to buy "some of the best companies around."

Other than this, according to Cramer's game plan for the coming week,

J. Crew

(JCG)

"is the only other company worth banking on next week." Cramer said people should consider getting into J. Crew before it reports on Tuesday, because, even though this trade involves some risk, he believes the retailer is set to have a great quarter.

A Hoops Play

Akamai Technologies

(AKAM) - Get Report

is the one stock that is the "perfect play on March Madness," Cramer told viewers.

It was the March Madness play last year, and it will be the one this year as well, no matter which team wins or loses, he said. There are millions of people who watch March Madness, the NCAA college basketball championship, and Akamai makes that widespread viewership possible, Cramer said.

The company creates global delivery services for Internet content and streaming media, allowing people to watch the games online. Because it is the "leading company for optimizing online video," Akamai will benefit from March Madness, Cramer said.

Akamai is the last stock "we can savage from the vicious selloff" that took place last week, said Cramer. "This one is way off its high, and it doesn't deserve to be," he said. "Personally, I'm offended that it's down here."

This week, Cramer searched through the rubble of the recent selloff for stocks that don't deserve to be down and should be seen as buy opportunities. On

Tuesday's show he offered

General Cable

(BGC)

, on

Wednesday it was

First Solar

(FSLR) - Get Report

, and on

Thursday it was

Chemed

(CHE) - Get Report

.

Image placeholder title

At this time of year, Cramer believes, Akamai should be selling at a high price, but it is instead trading at a discount. The company, which reported earnings about a month ago, gave guidance that "was way up from the forecast," he said.

Not only is Akamai a "pick from the rubble" play, it is also a March Madness stock and a play on the bandwidth scarcity, Cramer said, and people should put some money into it.

Two IPO Don'ts

There is a distinct line between good and bad initial public offerings, Cramer told his viewers.

Taking a cautionary stance, he said there are two upcoming IPOs he would not buy, or even go near, unless the bankers who priced them cut the prices.

The two names people should avoid are Aruba Networks, which will trade under the symbol ARUN, and Glu Mobile, which is slated to trade under GLUU, Cramer said. Cramer said he wouldn't buy either one even at the lower end of their price ranges.

Aruba is not a bad business, but its two biggest competitors are the "heavy hitters"

Motorola

(MOT)

and

Cisco

(CSCO) - Get Report

, he said. And another problem is that Aruba sells its products through vendors, its biggest one being

Alcatel-Lucent

(ALU)

, a bear in Cramer's book.

Glu Mobile, which makes mobile games for cell phones and PDAs, has a current pricing range of $10 to $12 a share, which Cramer considers "best-of-breed" prices. If it were below $8 a share, he said, he might consider recommending it, but definitely not up here.

Mad Mail and Sudden Death

In the show's "Mad Mail" segment, Cramer said he considers

Dynegy's

(DYN)

CEO Bruce Williamson "one of the best in the country."

Cramer believes the stock is going higher and should reach $10. Dynegy closed at $8.58 Friday.

In response to another viewer who wrote in, Cramer said if he had to buy an airline it would be

UAL

(UAUA)

.

He said he would own an airline as a speculative stock but not as an investment.

During the show's "Sudden Death" round, Cramer was bearish on

Micron Technology

(MU) - Get Report

and

Pfizer

(PFE) - Get Report

.

Lightning Round

Cramer was bullish on

RPM International

(RPM) - Get Report

,

Six Flags

(SIX) - Get Report

,

General Maritime

(GMR)

,

Halliburton

(HAL) - Get Report

,

Staples

(SPLS)

,

Hewlett-Packard

(HPQ) - Get Report

,

Under Armour

(UA) - Get Report

,

Charter Communications

(CHTR) - Get Report

and

Graco

(GGG) - Get Report

.

Cramer was bearish on

Bausch & Lomb

(BOL)

,

American Home Mortgage

(AHM)

,

Dell

(DELL) - Get Report

,

Iconix Brand

(ICON) - Get Report

,

Gmarket

(GMKT)

and

Melco PBL Entertainment

(MPEL)

.

For more of Cramer's insights during the most recent Lightning Round, click here

.

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by

clicking here

.

At the time of publication, Cramer was long Goldman Sachs, Halliburton and Hewlett-Packard.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.