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) -- The markets have had a fabulous run, but don't get complacent, Jim Cramer warned on

"Mad Money"

Friday as he laid out his game plan for next week's trading.

Cramer said with the next

Federal Reserve

meeting slated for Wednesday, the markets could be put to the test.

Before the Fed meeting, Cramer said he'll be watching both the Empire State Fed Survey and the U.S. industrial production numbers on Monday. Both these metrics will offer some clarity on whether the economy is strengthening or weakening as many fear. Also on Monday, the Morgan Stanley industrial and auto conference, which can offer up even more data.

Cramer said he'll also be watching results from


(BA) - Get Boeing Company Report

on Monday, along with the Citigroup Global Industrial Conference on Tuesday. He reiterated buys on

Emerson Electric

(EMR) - Get Emerson Electric Co. Report

TheStreet Recommends


United Technologies

(UTX) - Get n.a. Report

ahead of the conference.

But the real news comes on Wednesday when the Fed releases its statement, said Cramer. He told investors to be ready to buy on the resulting weakness because no matter what the Fed does, it's unlikely to have an effect on the earnings per share of most companies.


(FDX) - Get FedEx Corporation Report



(ORCL) - Get Oracle Corporation Report

also report Wednesday and Cramer said he'd be a buyer of FedEx, but has given up on Oracle.

Thursday brings earnings from two turnaround stocks,

Pier 1 Imports

(PIR) - Get n.a. Report


Rite Aid

(RAD) - Get Rite Aid Corporation Report

. Cramer was bullish on both names.

Finally, on Friday, Cramer said the markets will likely take a rest after fretting about, then digesting, whatever the Fed has in store for us.

Speculation Friday

For "Speculation Friday," Cramer highlighted what he deemed "the best new company you've probably never heard of,"


(SPLK) - Get Splunk Inc. Report


Splunk came public in April 2012, and since then shares have rocketed 245%. As Cramer explained, Splunk helps companies manage and make sense of their big data, but not the sales and accounting kind that live in structured databases. Splunk has created game-changing software that helps companies analyze unstructured data, which can often account for as much as 90% of the data companies generate in a given year.

Unstructured data is often called machine data, or the logs created by servers as they go about their business. Machine data create a treasure trove of useful information, but only if it can be read, aggregated and analyzed, which is exactly what Splunk's software does. Splunk's customers can detect fraud, analyze security threats and prove that their in compliance all by using Splunk software.

Cramer said that big data is a $30 billion opportunity for Splunk, and the company is aggressively expanding its sales force to take a leading position. It reported a 50% rise in revenue last quarter with an incredible 90% gross margin, he added. It's no wonder shares are trading at 12 times sales, even though it is not yet profitable.

Cramer said he's a believer in the Splunk story, but only for speculation given its extremely high valuation.

Know Your IPO

In the "Know Your IPO" segment, Cramer commented on the much-hyped


initial public offering announced Thursday. He said his only hope is the underwriters for Twitter bring a fair IPO to market and avoid the fiasco that was


(FB) - Get Meta Platforms Inc. Class A Report

IPO. Everyone will want a piece of Twitter, but as of now, very little is known about the company and what its true value really is.

In the meantime, however, Cramer said he's a fan of


, a cyber security firm that will be coming public under the ticker "FEYE." The company plans to offer 14 million shares between $12 and $14, which would make it a $1.5 billion entity trading at 13 times sales. That's far from cheap, Cramer admitted, but the average first-day gain on a software IPO in 2013 has been 56%, which makes FireEye worth a look if investors can get in on the deal.

Also on the "coming soon" list is


, a cloud software company. These shares are expected to price between $21.50 and $24.50 a share, pegging this company's valuation at 6.7 times sales. This, too, is pricey, said Cramer, but is also worth trying to get in on.

Lightning Round

In the Lightning Round, Cramer was bullish on


(SBUX) - Get Starbucks Corporation Report



(HXL) - Get Hexcel Corporation Report


BE Aerospace



Cheniere Energy

(LNG) - Get Cheniere Energy, Inc. Report


EOG Resources

(EOG) - Get EOG Resources, Inc. Report


Cramer was bearish on

Pembina Pipeline

(PBA) - Get Pembina Pipeline Corporation Report


Northern Tier Energy



Valero Energy

(VLO) - Get Valero Energy Corporation Report


Mad Mail

In the "Mad Mail" viewer feedback segment, Cramer followed up on a few stocks that stumped him on earlier shows. He said that


(CGEN) - Get Compugen Ltd. Report

needs to cool off after a recent 68% move to the upside. The stock of


(FLWS) - Get 1-800-FLOWERS.COM, Inc. Class A Report

also didn't get Cramer's recommendation because he said that stock was already fairly valued.

Cramer told investors to cool it with


(IMMU) - Get Immunomedics, Inc. Report

, a stock that's doubled so far in 2013, but he was warming up to

Grana Y Montero

(GRAM) - Get Graña y Montero SAA Report

, the engineering and construction giant from Peru.

When asked about Boeing, Cramer said he still liked the stock, as he does

Buffalo Wild Wings


. He is not a fan of

Teva Pharmaceuticals

(TEVA) - Get Teva Pharmaceutical Industries Ltd. Report

, however, reminding viewers that he hasn't like this stock in quite some time.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer admitted the markets have him a little perplexed at the moment. On one hand, there's another government shutdown looming just a few weeks from now. But on the other hand, there's a rampant enthusiasm for stocks that he hasn't seen in years.

That was certainly the case with

Ulta Salon

(ULTA) - Get Ulta Beauty Inc Report

, which shot up 17% in a single day on a better-than-expected quarter. Cramer said he always roots for stocks to go higher, but 17% in a single day tells him that we're near a top and things are getting "frothy."

But the market isn't rewarding discipline or caution at the moment, it's taking stocks like Ulta, and many others, sharply higher despite the Fed and Washington and Syria and the many other signals that should be sending investors running for the hills. That's why Cramer said he still recommends investing with caution, but not selling everything just yet.

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


To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

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

To email Scott about this article, click here:

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At the time of publication, Cramer's Action Alerts PLUS had a position in FB.

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.