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It's time to make some money on vanity, Jim Cramer said on Friday's "Mad Money" TV show, and cosmetic lasers are on fire.

He has said he'd buy

Syneron Medical

(ELOS)

and then sell as a way to make some money. He also still likes

Cynosure

(CYNO)

.

But Cramer said the company that's best of breed in the cosmetic laser business is

Palomar Medical Technologies

( PMTI).

That's because

Investor's Business Daily

has identified that the company has more patent protection than its competitors and, Cramer added, it will be the first to introduce home-based cosmetic laser systems that will be marketed by

Procter & Gamble

(PG) - Get Report

subsidiary Gillette and

Johnson & Johnson

(JNJ) - Get Report

.

Gillette will market a laser that removes hair, and Johnson & Johnson will market a laser that targets cellulite.

"I don't know how big the consumer market is, but I'm pretty sure it will be enormous," Cramer said.

Palomar went after

Cutera

(CUTR) - Get Report

, saying that the company used its technology, and Cramer said it looks like Palomar will win.

He thinks it's just the beginning and that the company will put the screws to the rest of the competition that has used its technology without permission.

Image placeholder title

A caller wanted to know if Johnson & Johnson's stagnant stock would move higher on the deal with Palomar.

Cramer said that until the

Guidant

( GDT) deal is done, he would stay away from J&J.

Banking on Egypt

Even though Egypt had one of the top-performing markets in 2005, Cramer said he wouldn't buy Egyptian stocks because their market has no transparency whatsoever.

So to get in on the growth, he said to enter the country through its banks.

Credit Agricole

(CRARF)

, the biggest French bank, just bought a stake in American Egypt Bank, Egypt's 12th largest bank.

But Credit Agricole's ADRs trade on pink sheets in the U.S., despite the fact that it's a $50 billion company.

So Cramer said that this is one of the few times he would put money into a foreign bourse, and that France was a good bet because it is well regulated.

He added that Egyptian banks are on the verge of a huge liberalization program, and that it's possible that the state-run banks will be privatized.

A caller wanted to know if there were any other sectors worth exploring in Egypt, and Cramer said that after scouring the choices none of them seemed like viable options to him.

Another caller wanted to get in on astronomical growth in Dubai, and he said that it's too hard for Americans to invest in the Middle East.

Instead, he recommended going through American construction companies that work in Dubai like

Foster Wheeler

(FWLT)

.

Following Citi Trends

The only thing better than a little regional retail chain becoming a huge national retail chain is when a little regional chain becomes huge while no one is paying attention, Cramer said. The lack of attention means the company is undervalued.

Case in point:

Citi Trends

(CTRN) - Get Report

, an urban fashion retailer that has taken over the inner-city market in the South.

Even without being a large national chain, the Georgia-based company posted same-store sales of 21% in December.

Some of that growth was due to the fact that the government paid the company to provide clothes to hurricane victims in the Gulf Coast region, and Cramer said that he didn't want people to think sales would grow at that rate forever.

But even when the Gulf Coast was factored out, sales grew at 15%.

The stock has more than doubled, but he believes it still has room to grow.

Mad Mail

Cramer also reached into the "Mad Money" mailbag.

A viewer wanted to know why

Banc of America

(BAC) - Get Report

is beating the drum for

XM Satellite Radio

( XMSR) and downgrading

Sirius

(SIRI) - Get Report

.

Cramer said it is because XM is cheaper, not because the analysts are Howard Stern haters.

Cramer also said that he won't consider the upcoming MasterCard initial public offering until he hears more about pricing. He recommended

Under Armour

( UARM) and

iRobot

(IRBT) - Get Report

before their IPOs because he knew they would be cheap.

Lightning Round

Cramer was bullish on:

Coach

(COH)

,

Red Hat

( RHAT),

Salesforce.com

(CRM) - Get Report

,

DTE Energy

(DTE) - Get Report

,

PPL

(PPL) - Get Report

,

Charles & Colvard

(CTHR) - Get Report

,

Cerner

(CERN) - Get Report

,

Halliburton

(HAL) - Get Report

,

Schlumberger

(SLB) - Get Report

,

Teva Pharmaceutical

(TEVA) - Get Report

,

Altria

(MO) - Get Report

,

Smithfield Foods

(SFD)

Premium Standard Farms

( PORK),

Trump Entertainment Resorts

( TRMP),

Hawaiian Electric

(HE) - Get Report

,

LECG

(XPRT)

,

Dynegy

(DYN)

,

NutriSystem

(NTRI) - Get Report

,

Coldwater Creek

(CWTR)

and

Suncor Energy

(SU) - Get Report

.

Cramer was bearish on:

TiVo

(TIVO) - Get Report

,

Herbalife

(HLF) - Get Report

,

Kopin

(KOPN) - Get Report

,

Activision

(ATVI) - Get Report

,

Bentley Pharmaceuticals

( BNT),

Carolina Group

(CG) - Get Report

,

Cabela's

(CAB)

,

Tyson Foods

(TSN) - Get Report

and

NitroMed

( NTMD).

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

.

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

clicking here

.

At the time of publication, Cramer was long Altria, Halliburton, Procter & Gamble.

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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