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"Today's selloff was led by all of the sectors we hate," Jim Cramer told viewers of his "Mad Money" TV show Friday. He told investors to stay away from the banks, retailers and automakers, which led today's decline.

Instead, he told investors to stick with the theses he's been repeating over and over, mainly agriculture, mining, minerals, infrastructure and the petroleum complex focused on natural gas and oil infrastructure.

Cramer recommended

Gardner Denver

(GDI) - Get Ingersoll Rand Inc. Report

, a maker of the components needed to produce and ship oil where it's needed, as a new favorite in the oil patch. He last recommended the stock back on Sept. 26 at $36.60, and since then the stock is up 46%.

Cramer Interviews Medicis Pharmaceutical CEO

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But Cramer said Gardner is still cheap and is not keeping up with its growing earnings.

"We buy what's working on

Mad Money

," Cramer told viewers. He explained that Gardner works because it builds proprietary technology into ordinary items, such as blowers, compressors and fluid handling products. "Gardner doesn't just make things, it makes things smaller, better and more energy efficient," said Cramer.

Cramer noted one of Gardner's new pump products, which helps the food industry transfer products to and from stainless steel tanker trucks faster and with less waste and clean-up. "You should be thinking less spoilage and smoother operations," he said.

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Gardner currently holds the No. 1 or No. 2 position in most of its markets, noted Cramer, who also likes the company for its international exposure.

Cramer also called the company a buy simply on its valuation. The company beat estimates by 15 cents a share when it last reported on April 3. Trading at just 13 times forward estimate, Cramer said Gardner should be much higher. He said that estimates for the company are at least 50 cents too low, and he values the company at $65.

TheStreet Recommends

Speculation Friday

For "Speculation Friday," Cramer featured

Oil Sands Quest

( BQI) as a real estate play on the ever-increasing quest for more oil. Oil Sands Quest currently controls over 500,000 acres land in Saskatchewan, Canada -- perfect for oil sands drilling and could be sitting on up to 10 billion barrels of bitumen, or dirty oil.

Cramer explained that while bitumen is harder to refine than light sweet crude, with oil well over $40 a barrel, the economics of oil sands now makes sense. But even if Oil Sands Quests doesn't find oil at all, Cramer values the company as a real estate play.

Cramer compared Oil Sands Quest to

Ivanhoe Energy

(IVAN)

, which recently purchased leases in Canada at a value of $2.8 million per square acre. Applying that number to Oil Sands' 1,200 square miles of land, Cramer said the company could be valued at $3.4 billion, or more than 3 times its current enterprise value.

Cramer did caution viewers that Oil Sands Quest is speculative. The company has no revenue and has been issuing a slew of stock offerings which has been dilutive to its outstanding shares. He cautioned viewers that with Oil Sands Quest trading at just over $6, they must use caution when buying the speculative name and not pay up for the shares.

Next Week's Gameplan

Cramer said he expects next week to be quiet with the beginning of the summer season upon us. So for next week's game plan, he recommended buying

CVS Caremark

(CVS) - Get CVS Health Corporation Report

after

Walgreen

(WAG)

reports what he expects to be a disappointing quarter. He also expects

Rite-Aid

(RAD) - Get Rite Aid Corporation Report

to be a withering entity in the drug store marketplace.

On Tuesday, Cramer recommended buying

Darden

(DRI) - Get Darden Restaurants, Inc. Report

before it reports on Tuesday. He said while everyone expects a weak quarter from Darden, he doesn't expect food costs to hurt the company as much as expected.

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On Wednesday, Cramer recommended buying

Nike

(NKE) - Get NIKE, Inc. Class B Report

on any weakness ahead of the Olympics next quarter. "If you don't see any weakness, we take a pass," he noted. He also recommended buying

Research In Motion

( RIMM) ahead of what he expects to be an upside surprise.

Cramer said he's worried about Thursday, with

ConAgra

(CAG) - Get Conagra Brands, Inc. Report

reporting what's anticipated to be poor results. He said that

Discover Financial

(DFS) - Get Discover Financial Services Report

, home builder

Lennar

(LEN) - Get Lennar Corporation Class A Report

, and Rite-Aid also report, and he's not a fan of any of them. On the upside, Cramer mentioned only

Accenture

(ACN) - Get Accenture Plc Class A Report

as a possible buy ahead of their earnings.

Medicis CEO Speaks

Cramer welcomed Jonah Shackman, chairman and CEO of

Medicis Pharmaceutical

(MRX)

to the show to discuss his company's latest products.

Shackman explained that his company's LipoSonix product uses focused ultrasound waves to non-invasively bust up fat in the body so it can be removed naturally. The product has already been approved in Europe and elsewhere in the world, and Shackman expects approval in the U.S. by 2011.

Medicis is currently conducting clinical trials on the procedure, and Shackman said he sees a clear path to approval by the FDA. He defended his company against criticism that its products will not receive the approvals it seeks.

Cramer stopped short of recommending Medicis, but called the baseless criticisms of the company "short-minded."

Lightning Round

In the Lightning Round, Cramer was bullish on

John Deere

(DE) - Get Deere & Company Report

,

Williams

(WMB) - Get Williams Companies, Inc. Report

,

Frontline

(FRO) - Get Frontline Ltd. Report

,

Wal-Mart

(WMT) - Get Walmart Inc. Report

,

Costco

(COST) - Get Costco Wholesale Corporation Report

,

TJX

(TJX) - Get TJX Companies Inc Report

,

Urban Outfitters

(URBN) - Get Urban Outfitters, Inc. Report

,

Bucyrus International

( BUCY),

Joy Global

( JOYG)and

Southwestern Energy

(SWN) - Get Southwestern Energy Company Report

.

Cramer was bearish on

Hologic

(HOLX) - Get Hologic, Inc. Report

,

Navios Maritime

(NM) - Get Navios Maritime Holdings Inc. Report

,

Manitowoc

(MTW) - Get Manitowoc Company, Inc. Report

and

MEMC Electronics

(WFR)

.

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 Deere, Southwestern Energy and Wal-Mart.

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.