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NEW YORK (
) -- The markets were able to separate themselves from the woes of Europe this week, Jim Cramer told
viewers Friday, and that trend will likely to continue into next week.
So in his game plan for next week's trading, Cramer said the deadline for reforms in Cyprus will have the markets' attention on Monday. That won't stop him from watching
, a stock that disappointed last quarter but will likely be forgiven this quarter.
Tuesday brings a host of economic news including the durable goods number, new home sales and the Case-Schiller housing index. Cramer said housing remains on fire and he's expecting terrific numbers from these metrics, which should also be a boon for the broader markets.
will be reporting. Cramer said he expects good things from Five Below, which is already up 30% for the year, and would buy on any weakness. He's also looking for a pullback to buy Paychex after it reports. Cramer also told viewers that he'd be a buying of PVH both before and after it reports as he expects great things from the Warnaco acquisition.
Finally on Thursday, it's
taking center stage. Cramer said he'd sell Accenture ahead of its results and buy it back later, but would be a buyer of BlackBerry on any weakness as last year's "left for dead" stocks seem to have been resurrected for 2013.
Investors looking for a speculative tech stock offering multiple ways to win should look no further than
, Cramer told viewers, as he made it his focus for "Speculation Friday."
Cramer said Compuware was once a $39 stock back in 1999 but fell to just $5 a share by 2009, only to finally turn itself around and begin rebounding to its current $12.34 price tag. The company received a takeover bid late last year, but rejected that bid this January and is currently shopping for other offers. That would be the first way investors could cash in, a takeover.
The second way would be with the company's newly announced 4% dividend yield, which shows just how confident management is in their business. Then there's the business itself, which includes everything from app development to cloud computing services. Compuware is in the process of shedding non-core operations and focusing on its higher-growth services. A full 40% of the company's revenue currently stem from these much sought-after services.
Cramer said Compuware also has a clean balance sheet with just $7 million in debt and tons of free cash flow, helping to make it a likely target for private equity firms.
So whether investors are looking for a high growth tech stock or a takeover or private equity play or even just a high yielding dividend stock, Compuware is happy to deliver.
Refining His Opinion
For the last installment of his "Oligopoly" series of stock picks, Cramer looked into the refining industry, a group that on the surface may not seem like an oligopoly with so many players but in reality most certainly is.
Cramer explained that it's almost impossible to build a new refinery here in the U.S., and that severely limits competition. With the ever-present demand for gasoline and other refined products, there's never any price competition in this group, making it a happy oligopoly.
With the huge explosion in new-found oil in the U.S., the refiners have been raking in the profits, as gasoline, for the most part, is priced on the global market. That means refiners are buying cheap, domestic oil, turning it into gasoline, then exporting it at near-record prices. This trend may be bad for U.S. consumers, but it explains why the U.S. used to import three million barrels of gasoline a day and now exports one million a day.
Of the many refiners, Cramer said those in the center of the country are the best way to play the refiners as the lack of infrastructure often means producers are willing to sell at below market prices. Of the group,
remains Cramer's favorite, along with the newly minted
, which sports nearly a 10% yield.
In the Lightning Round, Cramer was bullish on
Energy Transfer Partners
The Blackstone Group
Cramer was bearish on
In the "Mad Mail" viewer feedback segment, Cramer followed up on
Blackrock Kelso Capital
, which stumped him during an earlier show. He said that while this company's 10.4% yield is intriguing, he'd rather own a more stable company like Blackstone Group.
Cramer said that he'd be a buyer of
, a senior living facility operator, and also of
Nordic American Tanker
, which he said could begin to really take off.
Cramer was bearish on
, a company he said was best of the group, but one that was also very expensive and therefore dangerous.
Ending the round was
, a stock Cramer said he continues to like despite the increased short interest in the company.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer called
four-for-one stock split an "inspired move" and one that will make a big difference in how this stock trades.
Of course, splitting a stock doesn't create any real value, but Cramer said that this stock has become a target for many large investors, which is why it trades like a football, up big one day, down big the next. The problem? There simply aren't enough shares to go around, which makes this thinly-traded commodity a wild ride that can be downright scary for anyone who wishing to buy and hold.
But by increasing the share count four-fold, Cramer said the shorts and day traders will be forced to move elsewhere, as the big day-to-day wins and losses will now be muted.
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-- Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer's Action Alerts PLUS had a position in CSCO.
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."
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