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Speculation may sound "irresponsible, reckless and stupid" to some, but protected speculation is something Jim Cramer endorses, the "Mad Money" host told viewers Friday.

The first risky name Cramer wants people to look into is Landec (LNDC) - Get Landec Corporation Report, "a small, $12 stock."

It's in one of the hottest sectors right now -- the seed technology business -- he said. Although seed technology might not sound sexy, this speculative stock could make people some mad money, Cramer said.

High corn prices are encouraging farmers to grow more corn and deliver higher yields from the same fields, he explained. And Landec "is a speculative way to play this trend."

The company has come up with Intellicoat, a technology that keeps water from germinating planted seeds until the soil is warm enough for them to grow healthily, Cramer said. It allows farmers to plant seeds four weeks ahead of the ideal planting date.

"If corn is the next oil, then Landec is equivalent to a pressure pumper that gets more corn out of the soil," he said.

Landec's main business is to make food packaging that increases the food product's shelf life, Cramer continued. Although Landec's food packaging business is the company's "main revenue generator," what Cramer really likes is its seed technology business.

On a conservative level, he believes Landec has a 27.5% long-term growth rate. But Cramer warned people to use limit orders and not to buy the stock all at once.

Three Specs Around the Cisco

If market players want a "steady, dependable" play for the telco and cable build out, Cisco (CSCO) - Get Cisco Systems, Inc. Report is the stock to buy, Cramer told viewers.

At the same time, taking Cisco's "great" quarter as a cue, he believes it's time to get back into the speculative plays in the telco sector. While the little telco companies are "notoriously unreliable," they can be "unbelievable" when business is good, Cramer said.

Optium( OPTM) and Finisar (FNSR) - Get Finisar Corporation Report should be the biggest beneficiaries of Cisco's quarter, he said.

Opnext, which will trade under the symbol OPXT after it comes public next week, is another stock Cramer believes is levered to Cisco's performance and people should buy. However, he warned viewers to be "especially careful" and not to pay more than $16 to $17 for Opnext, "unless there's too much enthusiasm."

"If you can get in on the IPO, chances are very good that you'll make money off the initial pop," he said. "That would be the real opportunity."

Cramer warned viewers that these stocks will likely burn out fast. "They are not Cisco, and if you hold them too long they will break your heart," he said.

Cramer advised market players to sell the stocks when they're up, even if they look like they might be going higher. Otherwise, people will be putting themselves "in danger of losing money," he said.

Next Week's Game Plan

Cramer said he doesn't care for the market right now, as gold keeps rising and financials are not doing well. Plus, next week is options expiration week, which always makes things even more dicey, he said.

Therefore, people should take some profits, he said. "If you're tempted to pull the trigger, buy less," about half of what you would normally buy, Cramer advised. And he told people not to be surprised if a stock goes down even after reporting a good quarter.

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This week, Prudential (PRU) - Get Prudential Financial, Inc. Report reported a really good quarter, and Aon( AOC) talked about how good the insurance business was.

TheStreet Recommends

But MetLife (MET) - Get MetLife, Inc. (MET) Report, which reports next Tuesday, is the big sleeper stock of next week, Cramer said. He advised people to buy it before and after it reports earnings, regardless of whether or not it gets hit, since it's best of breed and has a "tremendous" growth rate.

Cramer warned viewers of the possibility that MetLife's stock might do nothing after the insurer reports, because the market is so awful. But he said people should not panic and should buy more later in the week.

Denny's (DENN) - Get Denny's Corporation Report has a high debt situation, which Cramer said he likes because this enables it to refinance at better rates. However, he advised people to wait on buying this stock, even though he likes it.

Wait on Chipotle Mexican Grill (CMG) - Get Chipotle Mexican Grill, Inc. Report to report as well and then buy it after next week, Cramer continued.

He said his long-term view on Life Time Fitness (LTM) - Get LATAM Airlines Group SA Sponsored ADR Report is still the same, and he believes people should buy it.

Buy Baidu (BIDU) - Get Baidu, Inc. Sponsored ADR Class A Report lower after it reports Wednesday, Cramer said. And buy a little Psychiatric Solutions (PSYS) ahead of when it reports Thursday as it should have a nice jump, he said.

Ring the register before Masco (MAS) - Get Masco Corporation (MAS) Report reports, because its quarter will not be good enough, Cramer said. In addition, take a little KB Home (KBH) - Get KB Home Report off the table before it reports and then go back into it after it reports, Cramer said.

Get in Daktronics (DAKT) - Get Daktronics, Inc. Report ahead of and after it reports.

Lastly, keep an eye on Reliance Steel (RS) - Get Reliance Steel & Aluminum Co. Report, Cramer said, adding that he expects some profit-taking in the stock. If people own it, they should consider ringing the register.

Mad Mail

In the "Mad Mail" segment, Cramer told a viewer that MasterCard (MA) - Get Mastercard Inc. (MA) Report, under $100, is a gift. The stock closed at $103.60 on Friday.

However, because MasterCard was up 129% last year, he feels people shouldn't be too greedy with it.

When a mailer asked why Cramer likes Procter & Gamble's (PG) - Get Procter & Gamble Company Report CEO A.G. Lafley so much, Cramer said Lafley is a man that "has taken a good company and made it great."

Cramer said Lafley is delivering, and he believes that Procter & Gamble is a nice stock to buy and put away.

Lightning Round

Cramer was bullish on Disney (DIS) - Get Walt Disney Company Report, Nike (NKE) - Get NIKE, Inc. (NKE) Report, Under Armour (UA) - Get Under Armour, Inc. Class C Report, Safeway (SWY) , Caremark( CMX), Express Scripts (ESRX) , RBC Bearings (ROLL) - Get RBC Bearings Incorporated Report, Amerisafe (AMSF) - Get AMERISAFE, Inc. Report, Avis Budget (CAR) - Get Avis Budget Group, Inc. Report, AutoNation (AN) - Get AutoNation, Inc. Report, IAC Interactive (IACI) , Harley-Davidson (HOG) - Get Harley-Davidson, Inc. (HOG) Report, Home Inns & Hotels (HMIN) and Intercontinental Exchange (ICE) - Get Intercontinental Exchange, Inc. (ICE) Report.

Cramer was bearish on Finish Line (FINL) and Whole Foods( WFMI).

For more of Cramer's insights during the 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 Express Scripts.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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.