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"Expectations may have finally fallen far enough to create some genuine moneymaking opportunities," Jim Cramer told viewers of his "Mad Money" TV show Friday.

If the news continues to get worse, it only increases the chances that the

Federal Reserve

will lower rates, and that's great news for stocks, he says.

Here's Cramer's game plan for next week. He recommends buying

Apple

(AAPL) - Get Report

ahead of the MacWorld Expo, which starts Monday in San Francisco. To be sure, Apple shares have been clobbered in recent days, and there likely won't be any product announcements as sexy as the iPhone was last year, he says.

However, with these low expectations and Steve Jobs being a great speaker, Apple stock should do well, he says.

On Tuesday,

Citigroup

(C) - Get Report

and

Intel

(INTC) - Get Report

report their earnings.

Cramer expects Citigroup, which he owns for his charitable trust,

Action Alerts PLUS, to bottom after its earnings are announced. Intel, he says, has expectations that are so low that even no news should take that company's stock higher.

On Wednesday,

Wells Fargo

(WFC) - Get Report

and

JPMorgan Chase

(JPM) - Get Report

report. Cramer likes Wells Fargo on the possibility it could be a buyer of

Washington Mutual

(WM) - Get Report

. He said he would buy JPMorgan on Tuesday afternoon, but only if Citigroup shares spike after its conference call with analysts.

Thursday may be problematic, Cramer points out, when

Merrill Lynch

(MER)

and

Washington Mutual

(WM) - Get Report

report.

Both, he expects, will report terrible numbers and sees no opportunities in either stock. He does, however, see opportunity in

Parker Hannifin

(PH) - Get Report

which also reports on Thursday. He rates this company a buy, saying it "is firing on all cylinders," and has a buyback program.

Finally on Friday, Cramer likes

Schlumberger

(SLB) - Get Report

and would be a buyer, but only if oil prices rise next week. If oil goes down, "take a pass," says Cramer.

Stick With Gold

"Gold," Cramer says, "is one area that has delivered and should keep delivering."

His absolute favorite gold stock remains

Yamana Gold

(AUY) - Get Report

.

Cramer welcomed Peter Marrone, chairman and CEO of Yamana Gold, to the show for an update. Marrone reiterated that his company produces gold at $250 to $270 per ounce, well below the industry average.

Marrone said his company is continuing to expand its operations and feels there is a "perfect storm" that will cause gold prices to rise significantly higher.

Cramer also likes

Barrick Gold

(ABX)

but feels Yamana can provide insurance for your portfolio and would be a buyer.

An Industrial Stock on the Rise

One sector that will benefit from continued interest rate cuts will be the beat-up industrial companies, Cramer says.

The company he likes most in this group is

Terex

(TX) - Get Report

.Terex, the No. 3 equipment maker in the world, recently hit a 52-week low. Cramer said that's just wrong because two-thirds of the company's sales come from outside the U.S.

The company missed earnings by 2 cents a share when it last reported, but it did reaffirm its guidance. "That doesn't justify a $30 price drop," Cramer said. Terex has a $700 million buyback and strong buying from several of the company's executives.

"When the Fed cuts, the industrials will benefit," and Cramer thinks Terex is the way to play this forgotten sector.

Mad Mail

In this segment, Cramer told a viewer that he is bullish on

DuPont

(DD) - Get Report

as it becomes less levered to housing.

Image placeholder title

Lightning Round

Cramer was bullish on

Research In Motion

(RIMM)

,

Costco

(COST) - Get Report

,

Tenet Healthcare

(THC) - Get Report

,

Yamana Gold

(AUY) - Get Report

,

Newmont Mining

(NEM) - Get Report

,

Barrick Gold

(ABX)

,

Mosaic

(MOS) - Get Report

,

Bunge

(BG) - Get Report

,

Agrium

(AGU)

,

Deere

(DE) - Get Report

,

Monsanto

(MON)

and

Covance

(CVD)

Cramer was bearish on

Lowe's

(LOW) - Get Report

,

Harley-Davidson

(HOG) - Get Report

,

Oceanfreight

(OCNF)

,

Steak n Shake

(SNS)

and

FARO Technologies

(FARO) - Get Report

Want more Cramer? Check out Jim's rules and commandments for investing by

clicking here

.

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

.

At the time of publication, Cramer was long Citigroup.

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."

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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.