Cramer's 'Mad Money' Recap: Today We Sell - TheStreet

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"I want to do things differently with this week's Game Plan for next week," Cramer told viewers of his "Mad Money" TV show Friday.

He said he usually gives viewers a bunch of catalysts and explains how to trade around them, but not this week. "I don't want you to buy ahead of any earnings reports next week, with the exception of just one," he said.

The market has had a gigantic run, "and it's starting to get a little precarious," he explained. "So why don't we become a little cautious. We've got nothing to lose."

"Those bear markets in banks and housing and brokers," he said, "keep fighting to pull our bulls down." But he's not calling a top. He still believes the

Dow

will close the year at 14,500 -- he just believes it's time to take some profits.

"Nobody ever got hurt taking a profit," Cramer said.

This week,

Caterpillar

(CAT) - Get Report

and

Google

(GOOG) - Get Report

were disappointments, Cramer said, and he doesn't want to see people caught in similar situations next week. Cramer owns CAT for his charitable trust,

Action Alerts PLUS.

As for Google, he said, it "legitimately disappointed" and is now a "show-me stock," which needs to prove itself again. But Cramer said that in spite of its bad quarter, Google could "easily quadruple its revenues" as it continues to increase its share of the ad market.

Caterpillar, Cramer said, "misjudged how bad the domestic economy was," in particular housing, which "brings down anything it touches." But Cramer still likes the stock. "The one-time worries will be gone soon," and it should resume its climb.

Who Reports

Companies reporting earnings on Monday include

Texas Instruments

(TXN) - Get Report

, which is Cramer's favorite semiconductor other than the more-speculative

Nvidia

(NVDA) - Get Report

. It was barely down today, he said, which was impressive. "If it comes down after its earning report, yes, you want to buy some TXN." But not before earnings.

On Tuesday,

Amazon.com

(AMZN) - Get Report

reports. "Whatever people say, Amazon will be viewed negatively," Cramer said. "So wait till it comes down to buy it."

As for

Boeing

(BA) - Get Report

, also Tuesday, Cramer said he's not backing way. He said he bets it's just biding its time before it hits $120.

The "one stock in the whole darn Game Plan I would actually buy" ahead of its earnings report, also Wednesday, is

Corning

(GLW) - Get Report

. Cramer owns Corning for

Action Alerts PLUS, his charitable trust.

Apple

(AAPL) - Get Report

hit its 52-week high today, Cramer said. "I like this story very much, but I am being so, so, so hoggish," he said. "You've got to take a little off."

Cummins'

(CMI) - Get Report

run is probably not over, "but after CAT, do you mind if I take a few profits?"

To stay in

Exxon Mobil

(XOM) - Get Report

and

Chevron

(CVX) - Get Report

without ringing the register a little, Cramer said, is "total greed. ... Wake up and smell the gasoline!"

Even though his Game Plan is a selling one, Cramer said, it's not an anti-Game Plan. "It's anti-greed. Greed is bad!"

"We've made a huge amount of money," he said, since the year began, and it's time to take a little profit. "Sometimes, even though I'm a bull, I have to be a cautious bull." And he said he'll never become a pig.

"Don't be greedy. Just get rich!"

Image placeholder title

French Oil

Cramer presented the final installment of his "European Vacation." All week he's been offering up plays on Europe, where "growth is stellar, and money is being made left and right."

So far, he's recommended

Philips Electronics

(PHG) - Get Report

,

ABB

(ABB) - Get Report

,

Siemens

(SI) - Get Report

and

BASF

.

Today, he said, "we want a European stock that holds up to the wildest bull market of all" -- oil.

That stock, he said, is France's

Total

(TOT) - Get Report

, a massive integrated-oils company with great upstream and downstream assets.

Total does business in 27 countries -- only

Shell

(RDSA)

is in more, said Cramer. Total is also moving away from the OECD, which Cramer called the "rich countries club," and into developing countries. It's the leader in Angola and Nigeria and recently had a "big win" in Russia.

On the refining side, Total is the No. 1 refiner in Europe and Africa.

Total also has two bonus assets: a pretty large chemical business, and a 2.13% stake in French drug company

Sanofi-Aventis

(SNY) - Get Report

, Cramer said.

At 11 times forward earnings, Total is slightly cheaper than its competitors, he said. And it's "just as good as Exxon and better than Chevron."

"Sloppy markets worldwide allow us to buy this stock 6 points lower than its high at $82," Cramer said.

Speculative Friday: Take a Look at Tessera

For "Speculative Friday," Cramer offered up a small-cap speculative stock:

Tessera

(TSRA)

, a "great play on the fact that tech is finally coming into the season of joy."

He got the idea for Tessera, which is trading $4 off its $42 high, from Michael Comeau, who writes the

Breakout Stocks

newsletter for

TheStreet.com

.

Tessera, an intellectual property company specializing in miniaturization in the semiconductor industry, is a licensing company -- meaning it has no inventory -- and is less-risky than other tech stocks, said Cramer.

"If you want to make your chips small, you need to talk to Tessera," he said, "because they've got the patents." In fact, 80% of the DRM industry uses Tessera's technology, he said.

Tessera has exposure to a range of areas, including PCs, mobile phones, video-game consoles and camera-optics technologies. "Tessera has its hands, or at least its intellectual property, in a lot of places," Cramer said. "Most of them are going strong."

The stock is trading at 28 times earnings and looks expensive, but according to Cramer, it's growing so fast that "that multiple is cheap."

"Tessera's going to be firing on all cylinders for a while," he said, and viewers should get in on it early.

"The time is right to start buying tech," Cramer said. "The time is right for Tessera."

Semi Tough

Cramer welcomed

Cypress Semiconductor

(CY) - Get Report

President and CEO T.J. Rodgers to the show and congratulated him on his "magnificent quarter."

Cypress also has a company built in within it, called

SunPower

(SPWR) - Get Report

, which provides solar power systems and services.

Cramer said that without SunPower, Cypress is undervalued at $800 million.

"I have investors that sometimes give me heat" about that, said Rodgers, but he said the "overall value of the company is reasonable."

Cramer, who's been "recommending the stock all year," called Rodgers a "visionary" and a "moneymaker." "For those of you who want to be in both tech and sun power, it's CY!"

To view Cramer's interview with T.J. Rodgers, please click here.

Lightning Round

Cramer was bullish on

PPG Industries

(PPG) - Get Report

,

Millicom International Cellular

(MICC)

,

America Movil

(AMX) - Get Report

,

Nova Chemicals

(NCX)

,

Rhodia

(RHA)

,

Inverness Medical

(IMA)

,

Intuitive Surgical

(ISRG) - Get Report

and

General Cable

(BGC)

.

Cramer was bearish on

Gemstar

(GMST)

,

Starbucks

(SBUX) - Get Report

,

Sara Lee

(SLE)

,

GigaMedia

(GIGM) - Get Report

and

Rio Tinto

(RTP)

.

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 popular book by

clicking here

.

At the time of publication, Cramer was long Inverness Medical, Caterpillar and Corning.

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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