Click here for an archive of Cramer's "Mad Money" recaps.
Jim Cramer told viewers of his "Mad Money" TV show Friday that his game plan for next week hinges on the Standard & Poor's proprietary oscillator.
Although he doesn't buy into most technical analysis, Cramer said the oscillator has proven to be a reliable gauge of the market over the past 20 years.
The oscillator indicates the amount of buying or selling pressure on stocks. When the oscillator hits +5, it's a sign to sell stocks, while -5 is the queue to buy.
According to Cramer, Friday's market rally was spurred by technical factors after the oscillator dipped to -6. Cramer said that's the signal to buy into the most beaten down sectors of this oversold market to take advantage of the upcoming snap back to normal levels.
These are some of the beaten-down banking stocks he would consider buying. They include:
He also would consider a short-term trade in some old technology names like
Research In Motion
In the "new-tech" space, Cramer still likes
For a good defense play, Cramer recommended
In other sectors, Cramer said he likes
and would even consider
as a trade. And finally, in retail he'd consider picking up some
Cramer's Oversold Buy List
var config = new Array(); config<BRACKET>"videoId"</BRACKET> = 1606752302; config<BRACKET>"playerTag"</BRACKET> = "TSCM Embedded Video Player"; config<BRACKET>"autoStart"</BRACKET> = false; config<BRACKET>"preloadBackColor"</BRACKET> = "#FFFFFF"; config<BRACKET>"useOverlayMenu"</BRACKET> = "false"; config<BRACKET>"width"</BRACKET> = 265; config<BRACKET>"height"</BRACKET> = 255; config<BRACKET>"playerId"</BRACKET> = 1243645856; createExperience(config, 8);
, a stock which he owns for his charitable trust
Action Alerts PLUS,
On the negative side, Cramer recommended waiting for a pullback before buying some of the names he's touted this week, mainly the wildcat drillers.
An Orphan Stock
Concluding his series on wildcat oil drillers, Cramer recommended
RAM Energy operates in Texas, Louisiana, Oklahoma and West Virginia, with 39 million barrels of proven reserves.
As with other wildcatters Cramer have recommended, RAM Energy is all about its exposure to oil shale fields and their potential. The company has already raised its production guidance and Cramer said Wall Street will love the company's growth.
Cramer cited the expiration of 18.8 million warrants, most with a $5 strike price, as one of the catalysts that will allow shares of RAM to begin edging higher. He also said RAM is what he calls an orphan stock, with only four analysts covering the company, none of which are from a major firm.
Cramer said the stock will rise once Wall Street starts taking notice of RAM.
Cramer said this $5 stock could go as high as $8, but he warned investors that this speculative name should be traded with caution. He advised investors to buy in small increments, not to use market orders, and certainly not to pay up for the stock. He urged investors to wait for a good entry point.
For this weekly segment, Cramer highlighted
as another fluid dynamics stock that he said is on the rise. He credited
"Hot Growth Stocks" list for first alerting him to the name.
Cramer said he's returning to the fluid dynamics group because they're making money. He credited Sun for simply making a better valve, something greatly needed in oil rigs and other industrial applications.
He said Sun also has great international exposure, with 50% of the company's sales overseas. Domestically, Sun now has a 17% market share of a billion-dollar market, with many new innovations to come.
On a valuation basis, Cramer said Sun is cheap. The stock trades at just 17.5 times its forward earnings with a 23.5% long-term growth rate. The company only has three analysts covering it, and Cramer said the balance sheet is clean, the company carries only a little debt and he feels this $38 stock has the potential to reach $48 a share.
"When is comes to the best valves, you want Sun Hydraulics," he said.
Recently, Cramer was stumped by two lightning round stocks:
. After doing the homework on both names, he followed up with his opinions.
Cramer called Linn Energy a pretty good stock. This conservative driller has a large dividend and is at the tail end of a turnaround, he said.
Because of its inconsistent results, he said he'd stay away from Brigham Exploration and wait for a pullback before he'd buyer of this name.
AK Steel Holding
United States Steel
Cramer was bearish on
Corn Products International
Starwood Hotels & Resorts
Want more Cramer? Check out Jim's rules and commandments for investing by
For more of Cramer's insights during the Lightning Round, click here
At the time of publication, Cramer was long Wal-Mart, Yamana Gold and EMC
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.