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NEW YORK (
) -- "Don't be misled by today's market action," Jim Cramer announced to the viewers of his
TV show Friday.
He said once again stocks are being driven by market mechanics and not the fundamentals. Cramer said when it comes to next week's game plan, he'll be watching the
, a gauge of the U.S. dollar's strength versus the Euro. "If the FXE goes higher, so will the market."
As for individual stocks, Cramer said he'll be watching
, a stock which he owns for his charitable trust,
Action Alerts PLUS, and rival
for a read on the housing recovery. Will storms across the nation translate into a fix-it boom? Cramer said investors can trust what these two retailers will tell them.
Also on the watch list,
. Cramer said he's looking for a turnaround in Urban, and this will be their sink-or-swim quarter. On Tuesday, another retailer, this time
will take the stage. Cramer expects good things from Saks.
Cramer is not expecting good things from
however, and told investors they need a "wait and see" attitude for these companies. Cramer said he'd rather own
, another Action Alerts PLUS stock, rather than either Dell or Hewlett.
Also on the radar next week,
, Cramer's favorite in-home soda maker. He said while Sodastream is still a speculation, it could be big. Also getting kudos was
, a company Cramer said is becoming the most consistent name in retail.
, which reports on Thursday. Cramer said he'd use deep-in-the-money call options to play this heavily shorted battleground name.
Also next week will be the IPO of social network LinkedIn. Cramer said investors want to get in, then get right back out of this stock. He said the long-term prospects for LinkedIn are shaky at best. The real benefactor of the LinkedIn IPO, said Cramer, will be
, which will finally have its valuation justified.
Campaigning for Natural Gas
In a special interview, Cramer took a few minutes to speak with Murry Gerber, former chairman and CEO of
, one of the companies leading the charge for more natural gas in America. Murry just completed a two-week trip across the country in a natural gas powered Hummer H3T to prove that natural gas vehicles are here and there are enough filling stations to make it happen.
Murry said while the Hummer H3T normally costs 26 cents a mile with gasoline, his cross-country trek averaged just 11.5 cents a mile while also producing 24% less pollution. He said there are some 12 million natural gas vehicles in the world, but only 100,000 here in the U.S., and that needs to change.
Murry said he believes the estimates that America now has a 125-year supply of natural gas are grossly understated, and he feels that estimate could double given newer and newer recovery techniques. With nearly 70% of all oil used going to transportation, Murry said natural gas vehicles could cut that number in half, leaving America to buy its oil from friendly nations as opposed to the Middle East.
When asked about environmental concerns, Murry said while he was at the helm of EQT, the company drilled some 4,000 wells without a single complaint or issue. He said the natural gas industry needs to do a better job of being forthcoming in order to gain the trust of environmentalists.
Cramer commended Murry for his efforts to promote natural gas as a bridge fuel towards the future. He told viewers to visit Murry's Website at
to learn more.
is a misunderstood stock," said Cramer, as he made the case for why his favorite footwear company should be bought hand over fist.
Cramer said when Deckers reported on April 28, the company issued downside guidance for the upcoming quarter that sent shares plummeting 10%. But investors who listened to the details of the call noted that Deckers is changing its distribution model in the UK and parts of Europe, causing the company to push back pre-booked orders by one quarter.
Cramer said when you factor in the change in accounting, what he called a "clerical error," Deckers sales are actually poised to deliver 30% year-over- year sales growth, right in line with estimates.
Critics of Deckers also noted a build-up of inventory in the quarter, which Cramer shrugged off as being necessary to support growing distribution and ecommerce sales. "Don't these guys deserve the benefit of the doubt?" he asked.
Cramer said Deckers has produced a 1,000% return since he first recommended the stock in November, 2005 and a 75% return since last speaking to the company's CEO on June 3, 2010.
Cramer said Deckers' Uggs boots are taking share and growing like a weed. He said the company's share are a steal at just 16.5 times earnings, given the company's 26% growth rate.
Am I Diversified?
Cramer played "Am I Diversified" with callers to see if their portfolios have what it takes. The first caller's portfolio included
Phillip Morris International
Cramer identified two utilities with ConEd and Duke and recommended selling ConEd in favor of a telco stock.
The second caller's top holdings included
Cramer said this portfolio was diversified.
The third caller had
as their top five stocks.
Cramer said although some of these names were not his favorites, the portfolio was properly diversified.
Cramer was bullish on
He was bearish on
Silver Standard Resources
Take a Pass on Goldman
In his "No Huddle Offense" segment, Cramer defended
, which he said is not going under anytime soon.
Cramer said while it would be game over for Goldman if the federal government were to hand out an indictment against the firm, that's not likely to happen. He said Goldman will be tried in the press, not the courtroom, adding the company will do whatever it takes to survive.
So does that make Goldman Sachs a buy? Cramer said with the banks under assault from all fronts, no. He said at some price Goldman will be attractive, but for now, take a pass.
--Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer was long Lowes, Apple.
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.