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NEW YORK (

TheStreet

) -- "Things are starting to get better, and that means stocks will going higher," Jim Cramer told the viewers of his "Mad Money" TV show Friday.

He said that today's labor report, which showed a loss of only 11,000 jobs, means the huge wave of firings and downsizings is finally behind us.

Cramer said there will always be people who sell on good news, as evidenced by today's lackluster response to the jobs report. "But those people are wrong," he concluded. Cramer said the U.S. economy, which has been on life support for 18 months, may now be able to breathe again on its own.

With that market outlook in mind, Cramer outlined his game plan for next week's trading. He said that there aren't many earnings being reported next week, so his focus will be on the Society of Hematology conference, where four biotech names will be presenting.

Cramer said

Celgene

(CELG) - Get Celgene Corporation Report

,

Allos Therapeutics

( ALTH),

Immunogen

(IMGN) - Get ImmunoGen, Inc. Report

and

Onyx Pharmaseuticals

(ONXX)

will all be presenting at the conference, and he's bullish on all four. He said Celgene remains his favorite of the four, with Immunogen being the most speculative.

Cramer said he'll also be watching

Ciena

(CIEN) - Get Ciena Corporation Report

, which reports on Thursday. He said this company should put to rest some of the fears surrounding its acquisition plans and help take the stock higher.

Cramer said he's also concerned with

Dollar General

(DG) - Get Dollar General Corporation Report

after rival

Family Dollar

(FDO)

has negative things to say about the outlook for discount retail. He said he'd be a seller of Dollar General ahead of that company's earnings.

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Speculation Friday

Cramer highlighted a little known producer of silicone and silicone alloys,

Globe Specialty Metals

(GSM) - Get Ferroglobe PLC Report

. He reminded viewers that speculation should be a part of every balanced investing diet.

Cramer recapped two of his recent speculation success stories,

Advanced Micro Devices

(AMD) - Get Advanced Micro Devices, Inc. Report

, which he recommended on Nov. 14, 2008 and is up 248% in the past year, and Cramer's speculative stock of the year,

Sallie Mae

(SLM) - Get SLM Corp Report

, which is up 73% since he recommended it in June.

Returning to Globe Specialty Metals, Cramer said he likes this company on the thesis that prices for silicone have bottomed after a long, downward spiral. He said that as the price of silicone begins to rise, Globe's earnings will snowball as the company reopens idled plants which leads to higher margins.

Cramer said with high barriers to entry in the silicone market, it's unlikely that competitors will enter the market to fill the rising demand. He said that Globe, which trades at just $8.50 a share, has $235 million, or $3 a share, in cash on its books. The company also has only $32 million in debt. Cramer said he'd be willing to pay up to 20 times the company's earnings for the stock.

Real Estate Play

"The world of real estate is finally looking attractive again," Cramer told viewers. He called the U.S. the cheapest country on Earth when it comes to land values, and suggested the way to play the trend is with the country's largest land owner,

Plum Creek Timber

(PCL)

.

Plum Creek currently owns 7.4 million acres of land across 19 states, and is grossly undervalued, said Cramer. Recent estimates valued Plum Creek's land at a 77% premium to where the stock trades today, and Cramer noted that with the company's 5% dividend yield, even if this disparity is never rectified, Plum Creek would still be a buy.

Plum Creek derives 52% of its revenues from timber sales, which helps fund its dividend. Another 25% of sales come from real estate sales of its non-core properties, and the final 22% comes from manufactured products such as lumber and fiberboard. Cramer said as the housing market rebounds, Plum Creek will profit on all fronts.

Plum Creek is also taking advantage of its historically low valuation by buying back its own shares. To date the company has reduced its share count by 12%.

Cramer told viewers not to expect anything radical from Plum Creek, characterizing the company as a slow, solid earner, that has over a year's worth of dividend payments in cash and is just waiting to be paid.

Mad Mail

Cramer followed up on a stock that stumped him in an earlier Lightning Round. He said that natural gas equipment maker

Chart Industries

(GTLS) - Get Chart Industries, Inc. Report

is a great speculative company.

Cramer told another viewer that he's perplexed by

Family Dollar

TheStreet Recommends

(FDO)

, a stock he recently recommended. He said while the downside for the stock may be over, that's not a compelling reason to buy in.

Cramer said he's been taking profits in

Bank Of America

(BAC) - Get Bank of America Corp Report

, a stock which he owns for his charitable trust,

Action Alerts PLUS, but still holds a position in that bank, along with

JP Morgan Chase

(JPM) - Get JPMorgan Chase & Co. (JPM) Report

.

Cramer told a final viewer that he's not a fan of

Novell

( NOVL) for its exposure to secuity products, and would stick with

Cogent

(COGT)

and

L-1 Identity Solutions

( ID).

Lightning Round

Cramer was bullish on

ADC Telecommunications

( ADCT),

Cooper Industries

( CBE),

Netflix

(NFLX) - Get Netflix, Inc. (NFLX) Report

,

ArcSight

(ARST)

,

VCA Antech

(WOOF) - Get Petco Health & Wellness Co. Report

,

Petsmart

(PETM)

,

Marriott International

(MAR) - Get Marriott International, Inc. (MAR) Report

and

Intel

(INTC) - Get Intel Corporation (INTC) Report

.

He was bearish on

Coinstar

(CSTR) - Get CapStar Financial Holdings, Inc. Report

and

LSI Logic

(LSI) - Get Life Storage, Inc. Report

.

-- Written by Scott Rutt in Washington D.C.

To watch replays of Cramer's video segments, visit the Mad Moneypage on CNBC

.

Want more Cramer? Check out Jim's rules and commandments forinvesting from his latest book by

clicking here.

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

.

At the time of publication, Cramer was long Bank of America, JPMorgan Chase.

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.