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Cramer's 'Mad Money' Recap: Next Week's Game Plan (Final)

Cramer says to pay close attention to the IPO of the Chicago Board Options Exchange, Best Buy's earnings report and Friday's options expiration.
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NEW YORK (

TheStreet

) -- "With market sentiment starting to change, we can finally start caring again about good news," Jim Cramer told the viewers of his "Mad Money" TV show Friday.

He said while he still remains cautious, he just can't be as negative as he's been. That's why next week's game plan is all about the bigger picture.

Cramer said the expected IPO of the Chicago Board Options Exchange, which will trade under the ticker "CBOE," will likely be next week's bright spot. He said this deal, if priced correctly, can be a money maker for investors as well as CBOE. Cramer said the deal also has huge implications for the rest of the exchanges, and the markets as a whole, so he'll be watching closely.

On Tuesday,

Best Buy

(BBY) - Get Report

reports its earnings. Cramer said the company must earn 50 cents a share in earnings on $11 billion in revenue in order to impress Wall Street, and he doubts they can do it.

On Thursday, both

J.M. Smucker

(SJM) - Get Report

and

Pier 1 Imports

(PIR) - Get Report

report their earnings. And while Cramer said the companies are likely to have good numbers, it likely won't matter given the week's economic data.

Cramer said the important news for the week comes out on Wednesday, as we get both May housing starts and the producer price index, PPI, with the consumer price index, CPI on Thursday. He said the housing starts should dip given the expiration of the federal tax credit, but if they don't fall off a cliff, that's good news.

Regarding the CPI and PPI, Cramer said he hopes to see some inflation, which would mean the U.S. economy is healthier than most believe. If they're negative, he said, that's bad news for stocks.

Finally, Cramer said Friday is options expiration, which typically leads to volatile trading on the Wednesday or Thursday prior. Cramer told viewers to keep an eye out for that.

Safe Green Plays

Closing our his week long series on macro-economic themes that can't be stopped by government interventions, Cramer turned his focus onto ecological clean up companies, a sector that's front and center since thte

BP

(BP) - Get Report

oil spill in the Gulf.

According to recent studies, the top 3,000 largest companies in the world cause $2.2 trillion in environmental damage every year, and that's not counting the damage caused from consuming their products. Given this huge trend, companies that help clean things up will be in demand for a long time, said Cramer.

One company that caught his eye was

Clean Harbors

(CLH) - Get Report

, the company that won the contract to clean up the Gulf shores. Clean Harbors gets 64% of its sales from environmental services, and is forecasting a 15% to 20% increase in revenues as a result of the spill.

Cramer said with the stock up a quick 10 points, trading at 22 times earnings, Clean Harbors may seem expensive, but given its 17% long term growth rate, it's a steal. He said investors should use caution however, and not pay up or chase the stock.

As a speculative play, Cramer recommended

Newpark Resources

(NR) - Get Report

, which makes environmentally friendly fluids used in oil and gas drilling. The company has 21% market share in the oil shale regions of our country, said Cramer and is growing strong.

Finally, Cramer mentioned

Waste Management

(WM) - Get Report

, with its 3.8% yield. Cramer called the company a stable bet in the fight to keep our environment clean. He said Waste Management has great management and is seeing volumes turning positive later this year.

Due for a Rebound

In the "Executive Decision" segment, Cramer spoke with Dr. Sehat Sutardja, president and CEO of

Marvell Technology

(MRVL) - Get Report

, a key player in Cramer's mobile Internet tsunami thesis. Recently, Marvell shares have been under pressure due to short-term concerns, and Cramer wanted to set the record straight.

Sutardja said he's in the business for the long term, adding semiconductors will remain an important growth area for countries all over the world. He said that while investors may worry about what's happening over the next six to eight weeks, he's focused on the next three to five years.

TST Recommends

Sutardja said that historically semiconductor stocks are affected by seasonal patterns, but he said those patterns are also affected by product cycles and new product introductions as well. "Seasonal patterns are not something I worry about," he said.

Cramer agreed, saying the markets have taken Marvell's stock far too low. He said he'd pull the trigger and buy some on Monday.

Mad Mail

Cramer told a viewer that in his opinion

BP

(BP) - Get Report

should post a $20 billion bond in order to cover the potential clean up costs in the Gulf and not use reductions in their dividend as a means to finance clean up efforts. "Why are they so un-creative?"

Lightning Round

Cramer was bullish on

EMC

(EMC)

,

ArcSight

(ARST)

,

Annaly Capital

(NLY) - Get Report

,

Coca-Cola

(KO) - Get Report

and

Pepsico

(PEP) - Get Report

.

He was bearish on

Apollo Investment

(AINV) - Get Report

,

Transocean

(RIG) - Get Report

and

LDK Solar

(LDK)

.

-- Written by Scott Rutt in Washington D.C.

To watch replays of Cramer's video segments, visit the Mad Moneypage on CNBC

.

Want more Cramer? Check out Jim's rules and commandments forinvesting from his latest book by

clicking here.

For more of Cramer's insights during the Lightning Round, clickhere

.

At the time of publication, Cramer was not long any stock mentioned.

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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