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NEW YORK (
) -- "This is a stubborn market," Jim Cramer told the viewers of his "Mad Money" TV show Friday. That's why he said investors need a good game plan for next week's trading.
On Tuesday, electronics retailer
reports its earnings. Cramer said this company needs to beat 45 cents a share to impress Wall Street, but since the stock hasn't run up ahead of the earnings, he'd be a buyer on Monday.
Cramer said he's also bullish on software maker
. With 10 analysts rating the stock a "hold" or worse, Cramer said this stock is another one worth getting in on ahead of their earnings.
787 Dreamliner is scheduled to fly. Cramer said he's bullish on Boeing and on its suppliers like
, a stock which he owns for his charitable trust,
Action Alerts PLUS, and
Cramer was also bullish on
( JOYG), a stock that's up 105% since he first recommended it on Dec 17, 2008. He also recommended
, ahead of its earnings, and
on the strength of the American consumer.
Cramer told viewers they need to be watching companies like
to further gauge the health of the economy and job market.
Finally, Cramer said he'll be watching both
Research In Motion
( RIMM) and
( PALM). Cramer said one of these two will likely say something to bring the group down, and he'd use the weakness to buy more
Wireless Infrastructure Play
For "Speculation Friday," Cramer returned to a thesis he touted earlier this year, the growth in wireless infrastructure. He said the thesis remains strong, there is still not enough wireless capacity in the U.S. to handle the growing demands of smart phones.
On Sept. 10, Cramer recommended
, two of the largest cellular tower players in the country. Since then, the stocks are up 15% and 24% respectively.
Cramer also recommended the smaller tower stocks, including
, which is up 29% since September. Cramer said this company, which operates only 7,800 cell towers compared to the big players with 20,000 towers, has a lot of room to run and is buying back its own stock to boot.
On Sept 11, Cramer expanded on his thesis and recommended backhaul providers
( HSTX), two companies which help connect cellular traffic to the Internet.
Ceragon is up 48% since the recommendation, with Harris Stratex up only fractionally. Cramer said he'd take some profits in Ceragon, but he remains a big fan of the company which is growing earnings at 17.5%. Cramer said Harris Stratex is still worth owning, but he's not as enthusiastic.
On Oct. 14, yet another cell tower company came public, this one called
. Cramer said unlike the others he's mentioned, DragonWare is far too speculative to invest in given that 77% of the company's revenues come from a single company,
Closing out his "Invest In America" series, Cramer once again welcomed Dan DiMicco, president and CEO of steelmaker
, to the show to discuss the steel industry and the challenges facing the America economy.
DiMicco once again sounded the alarm, saying that the problems facing the country are bigger than people realize, but noted that some in Congress are beginning to wake up to the issues at hand. DiMicco said it's critical for the country to get its budget and trade deficits under control. He said the country needs to focus on recovery and job growth, not the president's current list of priorities.
DiMicco also stressed the need for energy independence and better infrastructure. He said America needs $2.2 trillion dollars work of infrastructure spending to get the country back on track creating jobs and economic growth. He said both of these initiatives will require the president to "jump in with both feet."
Turning to the steel industry, DiMicco remained cautious on the industry's outlook. He said that rising input costs are boosting the price of steel. But, he noted, the increased demand is not sustainable. DiMicco said he won't know if the demand is real until the first quarter of 2010.
Cramer told a viewer that
is a buy given its huge backlog of business.
Cramer told a second viewer that Brazilian paper maker
is a buy.
Cramer was bullish on
Bank of America
Nordic American Tanker
He was bearish on
-- Written by Scott Rutt in Washington D.C.
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At the time of publication, Cramer was long Honeywell.
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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