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General Electric's

(GE) - Get Report

solid second-quarter results bode well for the rest of the market, Jim Cramer told viewers Friday night on his "Mad Money" show.

Though he couldn't tell his


viewers what to do specifically with General Electric -- because Cramer works at


, which is owned by General Electric -- he did give his audience plenty of other names that could benefit from GE's strength.

GE Energy's solid results bode well for






, Cramer said. GE Transportation? That's good for

Trinity Industries

(TRN) - Get Report


But what about the fact that transportation and energy stocks shouldn't both do well at the same time? The textbooks, Cramer said, say that both should not work at the same time. But forget what the textbooks say. They're both working in this environment.

GE's plastics business? Buy

Dow Chemical

(DOW) - Get Report


The company to own because of GE Financial's results?

CIT Group

(CIT) - Get Report


GE Aviation? Own


(BA) - Get Report


GE Health?

Varian Medical Systems

(VAR) - Get Report

, even though the company competes head-on with General Electric. Cramer thinks that business is so good that everyone can win.

Doing a little housecleaning, Jim Cramer got back to

Symbol Technologies

( SBL), which he recommended buying on Wednesday. On Thursday after the bell, however, the company warned that business isn't doing so well. As a result, it lowered its financial guidance. The stock fell almost 11% on Friday. But Cramer

thinks the story at Symbol is still intact and does believe that a CFO change made a lot of sense.

Image placeholder title

The company has lowered its guidance several times over the past nine months. And if Symbol can't get its house in order, it will have to go up for sale, Cramer continued. At the end of the day, though, Cramer said that the stock won't go down much more on this guidance. Does Cramer wish that he held the stock in his charitable trust fund?

"Yes. I wish I still owned Symbol Technologies," he said.

On Thursday, several mutual funds got hammered. But those funds are the ones that you want to be in, Cramer said. They own things that were hurt on Thursday -- technology, oil, energy, etc. Which funds are the ones to own now?

(FCNTX) - Get Report

Fidelity Contrafund. It was down on Thursday. It's up for the year.

(CGMFX) - Get Report

CGM Focus is another fund that you want to own. It was down on Thursday and is up for the year. Same goes for the

(FLPSX) - Get Report

Fidelity Low-Priced Stock fund. Ditto the


Janus Twenty fund. These funds are in all of the stuff that will work for the rest of the year. The market throws all kinds of sales, and now the sale is taking place in the best-performing mutual funds. Buy these funds now, Cramer said.


Plug Power

(PLUG) - Get Report

rose about 11% on Friday on word of a new order for 63 of its fuel cell systems. Cramer spoke to Greg Silverstri, chief operating officer, and quizzed him about the company's long-term prospects.

After their chat, Cramer said that the stock is speculative, but that if he owned it -- after the big move on Friday -- that he would take money off the table and wait for the stock to go lower, at which time he would buy more.

'The Lightning Round'


Cramer was bullish on:

Hilton Hotels

(HLT) - Get Report


Domino's Pizza

(DPZ) - Get Report



(MCD) - Get Report



(SBUX) - Get Report



(GME) - Get Report


Cimarex Energy

(XEC) - Get Report


ATI Technologies

( ATYT),

Mercury Interactive

( MERQ),


(CAT) - Get Report


Nalco Holding

( NLC),


(PNR) - Get Report


DR Horton

(DHI) - Get Report


Toll Brothers

(TOL) - Get Report



(LEN) - Get Report



( GENZ),


( PIXR),


( EVVV),


(SYMC) - Get Report


Amylin Pharmaceuticals

( AMLN),


(INTC) - Get Report



(MET) - Get Report


Prudential Financial

(PRU) - Get Report


Commerce Bancorp

(CBH) - Get Report


Arch Coal

(ACI) - Get Report



(NVDA) - Get Report


St. Mary Land & Exploration

(SM) - Get Report



Cramer was bearish on:

Electronic Arts

( ERTS),

DHB Industries

( DHB),

Bucyrus International

( BUCY),


(F) - Get Report


Eyetech Pharmaceuticals

( EYET),

Southern Peru Copper

( PCU),

Las Vegas Sands

(LVS) - Get Report






(ANGO) - Get Report


M Systems

( FLSH),




Edge Petroleum

( EPEX),

Penn Virginia Resource



Lattice Semiconductor

(LSCC) - Get Report


International Rectifier



Washington Mutual

(WM) - Get Report


Intermix Media

( MIX),

OmniVision Technologies



Amsouth Bancorp

( ASO).

Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here

. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.

At the time of publication, Cramer was long Boeing, Intel, Cimarex Energy, Commerce Bancorp, GameStop and Pentair.

James J. Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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

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