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Investors should stick with the financials when the markets open next week, Jim Cramer told viewers of his "Mad Money" TV show Friday.

"So far we've been following the 1990 playbook," he said, and it's now telling investors that the financials have bottomed and are the stocks people will want to buy.

In 1990, the

Fed

got engaged and the Arabs came to the rescue, and the same is playing out now. Cramer said he would normally tell people to cash in their gains, but he says they should let their financial stocks ride for now.

Cramer said the financials "kept going and going like the Energizer bunny" in the 1990s, and he expects the same to happen now. Most people haven't gotten a chance to get into the financials, he said, adding that this means the stocks should go much higher.

Cramer advised viewers to continue to buy

Wachovia

(WB) - Get Report

,

Bank of America

(BAC) - Get Report

and

Citigroup

(C) - Get Report

, the latter of which he owns for his charitable trust,

Action Alerts PLUS.

He even said he's OK with people buying preferred shares of

Countrywide

( CFC).

In addition,

Annaly Capital Management

(NLY) - Get Report

should get "a lot more attractive" as the Fed cuts short-term rates, Cramer said.

Add Sprint CEO to the Wall of Shame

Cramer's "Wall of Shame" lost one of its members when Ed Zander, the CEO of

Motorola

( MOT), decided to resign Friday.

The list includes what Cramer considers "the absolute worst CEOs around" because they subtract value from the companies they manage.

Cramer said Zander's removal from the list doesn't mean that it's time for investors to buy Motorola stock. He said Zander did so much damage to the Motorola franchise that he believes the stock's return might take a while.

Cramer replaced Zander on the Wall of Shame with

Sprint's

(S) - Get Report

acting CEO Paul Saleh.

Saleh incurred Cramer's wrath when Sprint recently decided to reject a $5 billion investment bid from Providence Equity Partners and South Korea-based SK Telecom.

If the deal had gone through, former Nextel CEO Tim Donahue would have returned to Sprint. This is what the stock needs, Cramer said, adding, "We want Donahue to come back and rescue us."

Speculation Friday

Molybdenum, the chemical that is used to make stainless steel stronger, has been on fire because of the strong global demand for steel, Cramer said.

There are plenty of companies that mine moly, but there are only two pure plays:

General Moly

(GMO) - Get Report

and

Thompson Creek Metals

(TC) - Get Report

, he said.

Because General Moly is up big, the way to play this trend is to go with Thompson Creek. With its new listing on the

NYSE

, Thompson Creek has given investors an alternative to General Moly, Cramer said.

Thompson Creek, the fifth-largest producer of moly, is a speculative stock because it is totally dependent on the price of the chemical. If the price of moly happens to go down, which Cramer said he doesn't expect to happen, "the stock will get hammered."

However, the global demand for stainless is strong, he said, and the prices have been strong and will only get stronger. If people believe in moly, Cramer said they should give Thompson Creek a chance.

Another Speculative Play: Tenet Healthcare

Another speculative stock for viewers to consider, said Cramer, is

Tenet Healthcare

(THC) - Get Report

, a company that owns and operates hospitals.

According to Cramer, analysts "depise" the stock, which currently is at $5.51, far above the the average price target of $3.75.

Analysts are worried about liquidity issues and the company's bad debt. But Cramer, for one, loves the fact that the Street is so bearish on Tenet, because he believes the company will deliver and could go as high as $8.

Tenet is a long-term buy even if it goes down next week, Cramer said. For one, value managers are always looking for new plays, and he believes Tenet is the value idea they've been looking for.

Cramer likes Tenet because it saves lives, is insensitive to the economy and shows signs of turning around.

Tenet just signed on 845 new doctors, Cramer said. This should mean more business and better numbers for the company. He also pointed out that Tenet has new management and the CEO is a doctor.

Furthermore, the company has much lower margins than some of its competitors, Cramer said.

He urged viewers to spend the weekend doing their homework on it. If it goes up on Monday, Cramer said people should ignore it and not buy it.

"Buy a little in five days and wait for a pullback to buy more," he said. "It may be one of the most hated names on Wall Street, but it's become one of my favorite names out there."

Mad Mail

In his "Mad Mail" segment, Cramer said he's been watching

Masimo

(MASI) - Get Report

and expects it to continue to be "a pistol."

Responding to another email, Cramer called

Sasol

(SSL) - Get Report

the single best coal stock. At the same time, however, he urged investors who have gains in SSL to take profits.

Cramer said he liked everything he heard on

Brocade's

(BRCD)

conference call. "I'd buy it right here," he said.

Image placeholder title

Lightning Round

Cramer was bullish on

Abbott Laboratories

(ABT) - Get Report

,

Southern Copper

( PCU),

Freeport-McMoRan

(FCX) - Get Report

,

Nordstrom

(JWN) - Get Report

,

Annaly Capital Management

(NLY) - Get Report

,

Anadarko Petroleum

(APC) - Get Report

,

Apache

(APA) - Get Report

,

Devon

(DVN) - Get Report

,

XTO Energy

( XTO),

Trane

( TT),

Northern Trust

(NTRS) - Get Report

and

State Street

(STT) - Get Report

.

Cramer was bearish on

Infinera

(INFN) - Get Report

,

E Trade

(ETFC) - Get Report

and

Anthracite Capital

( AHR).

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

clicking here

.

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

.

At the time of publication, Cramer was long Goldman Sachs, Citigroup, Freeport-McMoRan, XTO Energy.

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.