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(Corrects story originally published May 3 to say Weyerheuser's shareholder meeting is Friday. The company reported earnings April 26.)
NEW YORK (
) -- No single number is more important to this stock market than the monthly employment number, Jim Cramer told his
TV show viewers Friday, as he laid out his game plan for next week's trading.
Cramer said that while it will be hard to replicate this week's rally to new highs, the markets may still have the wind at its back starting on Saturday.
That's because on Saturday, the
annual meeting will commence and Cramer said Warren Buffett will likely have a lot of positive things to say. That's why he feels Saturday will be the launchpad for that stock's next move higher.
Turning to Monday, both
will be reporting, and Cramer said he expects to hear good things from both companies.
Tuesday brings earnings from
. Cramer noted that Whole Foods may see some pressure in the short term, but he's still a fan of the company in the longer term. He was also upbeat on Disney, saying he hopes the stock gets crushed so investors can buy in on the cheap.
On Wednesday it's
in the spotlight. Cramer said Continental should shine, while Heckman may be sluggish this quarter due to skepticism over natural gas.
will be reporting. Cramer noted that Dish's play for
will make for a colorful conference call, while Priceline will likely deliver another stellar quarter. He said investors need to be careful with this wild trader.
Finally, on Friday
, a stock Cramer owns for his charitable trust,
Action Alerts PLUS, holds its shareholder meeting. Cramer remains bullish on our country's largest land owner.
Cramer's Shopping List
Some stocks just don't reflect that things are getting better, Cramer told viewers. So he presented them with a shopping list of names that can be bought the next time the market sells off.
Cramer said the financials are among the undervalued, with names including
, once a $500 stock, now trading for a scant $46 a share despite being a far better company than it was at $500. He also gave the nod to
, along with
Also making the shopping list, mortgage insurers such as
, along with
, an Action Alerts PLUS name.
Then there's tech, said Cramer, with
trading at just 12 times earnings and
also seeing low valuations. In the auto group, Cramer said both
will be buoyed by a recovering Europe.
In still other sectors, Cramer liked
in the oil patch, and
as the "best in show" airline. He also remained bullish on
among the industrial stocks.
Cramer 'Likes' Facebook's Call
Which company had the single best earnings call this quarter? Cramer said it was
, another Action Alert holding and a company that saw a 38% jump in revenue this quarter.
Cramer said practically every metric that matters was sharply higher at Facebook, which is now seeing accelerating, not decelerating, revenue growth. He said the bear case against this stock is falling apart as the company is not only growing its mobile traffic, but monetizing it. All of these efforts, he said, will turn into huge profits once the company is done investing in its infrastructure and growth.
Just how big is mobile at Facebook? Cramer said it represented 0% of revenue when the company came public but it now tops out at 30%, a huge secular shift as people abandon desktop computers for tablets and smartphones.
Facebook plans to spend $1.8 billion on capital expenditures, noted Cramer, adding there simply aren't many stocks like Facebook out there. With that, shares are only up 6% for the year and trade at 36 times earnings estimates, which are far too low.
Cramer was also bullish on
, a company he said will also flourish over the longer term once investors stop focusing on present day shortfalls.
In the Lightning Round, Cramer was bullish on
Pennsylvania Real Estate Investment
Cramer was bearish on
In the "Mad Mail" viewer feedback segment, Cramer followed up on some stocks that stumped him during earlier shows.
is highly speculative but he thinks the risk-reward makes it worth a try.
Cramer said he's still bullish on
is still far too hard to understand or opine on.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer followed up on his interview last night with the CEO of
Charles River Laboratories
. He said any company working on conquering disease needs basic research, and Charles River is clearly the leader in that space. But isn't it odd Big Pharma is winding down its research spending at the same time biotechs are adding to theirs?
Cramer said this trend shows how old-line Big Pharma is ceding its leadership to the next generation of small biotech firms that are just as hungry as they were in the 1990s. Biotechs are risk takers, he said, while Big Pharma has now relegated itself to merely buying back stock to help boost earnings per share.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
-- 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 EMC, ETN, FB, HIG, KEY and JPM.
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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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.