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) -- "Don't be misled by the day to day action next week," Jim Cramer told the viewers of his

"Mad Money"

TV show Friday, as he laid out his game plan for next week's trading. He reminded viewers that during earnings season, the mantra is "stop, look and listen."

On Monday, Cramer said he'd pounce on


(MCD) - Get McDonald's Corporation (MCD) Report

, a stock that's worth buying whether it goes up on down on its earnings news. He'll also be watching railroad


(CSX) - Get CSX Corporation Report

to see how fertilizers and autos are shipping and


(VMW) - Get VMware, Inc. Class A Report

to see if that company's earnings can resurrect

TheStreet Recommends

F5 Networks

(FFIV) - Get F5 Networks, Inc. Report

, which got hammered this week.

On Tuesday, Cramer said the stocks to watch will be


(MMM) - Get 3M Company Report

, a growth name that's only getting stronger,

Johnson & Johnson

(JNJ) - Get Johnson & Johnson (JNJ) Report

a company that's only getting worse and worse amidst an endless stream of product recalls and

Peabody Energy

(BTU) - Get Peabody Energy Corporation Report

, a company with insight into the Chinese economy.

Turning to Wednesday, Cramer will listen to


(ADP) - Get Automatic Data Processing, Inc. Report

for the latest on employment,


(BA) - Get Boeing Company Report

, a stock which Cramer owns for his charitable trust,

Action Alerts PLUS, for news on the 787 Dreamliner and


(QCOM) - Get QUALCOMM Incorporated Report

for a read on the mobile Internet tsunami.

Then on Thursday, Action Alerts PLUS stock


(CAT) - Get Caterpillar Inc. Report

will have Cramer's attention. He said this may be the most important earnings call of the week. Also on Cramer's radar,

Cirrus Logic

(CRUS) - Get Cirrus Logic, Inc. Report


(AMZN) - Get, Inc. Report


Finally, on Friday, Cramer said


(CVX) - Get Chevron Corporation Report

and industrial giant


(HON) - Get Honeywell International Inc. (HON) Report

will have his attention. Cramer said he'd also avoid the IPO of Neilsen, which will trade under the ticker NLSN, unless the deal gets priced on the low end of its expected range.

Slow Progress

In the "Executive Decision" segment, Cramer spoke with Bryan Jordan, president and CEO of

First Horizon

(FHN) - Get First Horizon National Corporation Report

, a bank Cramer recommended last March, only to incur an 11% loss as the broader markets have rallied.

Jordan said First Horizon has been working for the past three years to reposition itself, divesting of its national mortgage business and focusing on its core banking and capital banking markets.

He said while the bank has good momentum, the wind-down still creates friction from time to time, which has been reflecting in the company's earnings. Jordan said he's always seen this process as a marathon and not a sprint, and he's happy with the progress.

When asked about the economy in Tennessee, where First Horizon chiefly operates, Jordan said the economy is picking up slowly in the state's main industries of manufacturing, healthcare and transportation. He said there is progress being made and upside to be had.

Another positive for the company, improving net interest margin, the amount of money a bank makes between the interest rate it loans out money versus what is pays depositors. Jordan said as interest rates rise, First Horizon will be able to capitalize on those gains.

Cramer continued his support for First Horizon, despite being wrong about the company last year. He said the time to pull the trigger is likely right now.

Balanced Approach

In a second exclusive interview, Cramer spoke with Larry Nichols, CEO of

Devon Energy

(DVN) - Get Devon Energy Corporation Report

, a stock that's up 30% since Cramer last spoke with Nichols in October of last year.

Nichols said that Devon realized years ago that there was a growing opportunity to drill in North America and on shore, which is why the company divested itself of its deep water investments at the height of the market in 2009. He said that Devon is now focused on a balance of oil and natural gas drilling, right here in North America.

When asked for further details on the gas/oil split, Nichols said that Devon aims for a 60/40 split between the two fuels, but doesn't care which way the split leans. He said Devon is flexible enough to deploy its capital spending no matter which way the markets are heading.

Turning to the company's balance sheet, Nichols said Devon now has $4 billion in cash on its books, and is looking to take advantage of opportunities as they arise.

Finally, when asked for an outlook for natural gas, Nichols said that after two years of education lawmakers, he feels Washington is starting to "get it." He said there are tremendous opportunities to bring the chemical business back to America using the low-cost natural gas, and opportunities to convert dirty coal-based utilities to the clean burning natural gas.

Cramer once again recommended Devon Energy.

Mad Mail

Cramer followed up on

OM Group


, a specialty chemical company that stumped him during an earlier Lightning Round. Cramer said while OM Group's portfolio is businesses is attractive, the stock has had a big run. He'd bet with best-of-breed


(PPG) - Get PPG Industries, Inc. Report

, which is safer and has a dividend.

When asked about teen apparel retailer



, Cramer said this company is vulnerable to fashion trends and he would proceed with extreme caution. Regarding


(CGNX) - Get Cognex Corporation Report

, a stock Cramer recommended in September, Cramer said it's time to ring the register.

Finally, when asked about HMOs for 2011, Cramer said he's a believer, which is why he owns



for Action Alerts PLUS.

Lightning Round

Cramer was bullish on

Frontier Communications

(FTR) - Get Frontier Communications Corporation Class B Report


Phillips-Van Heusen

(PVH) - Get PVH Corp. Report


VF Corp

(VFC) - Get V.F. Corporation Report





American Superconductor

(AMSC) - Get American Superconductor Corporation Report



(AB) - Get AllianceBernstein Holding L.P. Report


Qwest Communications



He was bearish on




Hot Topic

( HOTT)and

Cypress Semiconductor

(CY) - Get Cypress Semiconductor Corporation Report


Closing Comments

In his "No Huddle Offense" segment, Cramer said sometimes the market just gets it wrong, and it just did with


(HPQ) - Get HP Inc. (HPQ) Report



(GOOG) - Get Alphabet Inc. Class C Report


Cramer said Hewlett has deep seeded problems with unfocused product lines and rising competition. He said the company's choices for its new board members just don't make sense, and don't bring a lot to the table.

In the case of Google, Cramer said the company has accelerating revenue growth and trades at just 12 times earnings once you back out the $130 per share of cash the company has on hand. He said that co-founder Larry Page should do well as the company's new CEO.

Cramer's bottom line: Sell Hewlett-Packard and buy Google.

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

To contact the writer of this article, click here:

Scott Rutt


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


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clicking here


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


At the time of publication, Cramer was long Boeing, Caterpillar, Wellpoint.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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.