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General Electric's ( GE) solid second-quarter results bode well for the rest of the market, Jim Cramer told viewers Friday night on his "Mad Money" show.

Though he couldn't tell his CNBC viewers what to do specifically with General Electric -- because Cramer works at CNBC, which is owned by General Electric -- he did give his audience plenty of other names that could benefit from GE's strength.

GE Energy's solid results bode well for Calpine ( CPN) and Dynegy ( DYN), Cramer said. GE Transportation? That's good for Trinity Industries ( TRN).

But what about the fact that transportation and energy stocks shouldn't both do well at the same time? The textbooks, Cramer said, say that both should not work at the same time. But forget what the textbooks say. They're both working in this environment.

GE's plastics business? Buy Dow Chemical ( DOW).

The company to own because of GE Financial's results? CIT Group ( CIT).

GE Aviation? Own Boeing ( BA).

GE Health? Varian Medical Systems ( VAR), even though the company competes head-on with General Electric. Cramer thinks that business is so good that everyone can win.

Doing a little housecleaning, Jim Cramer got back to Symbol Technologies ( SBL), which he recommended buying on Wednesday. On Thursday after the bell, however, the company warned that business isn't doing so well. As a result, it lowered its financial guidance. The stock fell almost 11% on Friday. But Cramer thinks the story at Symbol is still intact and does believe that a CFO change made a lot of sense.

The company has lowered its guidance several times over the past nine months. And if Symbol can't get its house in order, it will have to go up for sale, Cramer continued. At the end of the day, though, Cramer said that the stock won't go down much more on this guidance. Does Cramer wish that he held the stock in his charitable trust fund?

"Yes. I wish I still owned Symbol Technologies," he said.

On Thursday, several mutual funds got hammered. But those funds are the ones that you want to be in, Cramer said. They own things that were hurt on Thursday -- technology, oil, energy, etc. Which funds are the ones to own now? ( FCNTX) Fidelity Contrafund. It was down on Thursday. It's up for the year.

( CGMFX) CGM Focus is another fund that you want to own. It was down on Thursday and is up for the year. Same goes for the ( FLPSX) Fidelity Low-Priced Stock fund. Ditto the ( JAVLX) Janus Twenty fund. These funds are in all of the stuff that will work for the rest of the year. The market throws all kinds of sales, and now the sale is taking place in the best-performing mutual funds. Buy these funds now, Cramer said.

Finally, Plug Power ( PLUG) rose about 11% on Friday on word of a new order for 63 of its fuel cell systems. Cramer spoke to Greg Silverstri, chief operating officer, and quizzed him about the company's long-term prospects.

After their chat, Cramer said that the stock is speculative, but that if he owned it -- after the big move on Friday -- that he would take money off the table and wait for the stock to go lower, at which time he would buy more.

'The Lightning Round'


Cramer was bullish on: Hilton Hotels ( HLT), Domino's Pizza ( DPZ), McDonald's ( MCD), Starbucks ( SBUX), GameStop ( GME), Cimarex Energy ( XEC), ATI Technologies ( ATYT), Mercury Interactive ( MERQ), Caterpillar ( CAT), Nalco Holding ( NLC), Pentair ( PNR), DR Horton ( DHI), Toll Brothers ( TOL), Lennar ( LEN), Genzyme ( GENZ), Pixar ( PIXR), ev3 ( EVVV), Symantec ( SYMC), Amylin Pharmaceuticals ( AMLN), Intel ( INTC), MetLife ( MET), Prudential Financial ( PRU), Commerce Bancorp ( CBH), Arch Coal ( ACI), Nvidia ( NVDA) and St. Mary Land & Exploration ( SM).


Cramer was bearish on: Electronic Arts ( ERTS), DHB Industries ( DHB), Bucyrus International ( BUCY), Ford ( F), Eyetech Pharmaceuticals ( EYET), Southern Peru Copper ( PCU), Las Vegas Sands ( LVS), Paxar ( PXR), AngioDynamics ( ANGO), M Systems ( FLSH), Headwaters ( HW), Edge Petroleum ( EPEX), Penn Virginia Resource ( PVR), Lattice Semiconductor ( LSCC), International Rectifier ( IRF), Washington Mutual ( WM), Intermix Media ( MIX), OmniVision Technologies ( OVTI) and Amsouth Bancorp ( ASO).

Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.

1. Pigs Get Slaughtered 2. It's OK to Pay the Taxes
3. Don't Buy All at Once 4. Buy Damaged Stocks
5. Diversify to Control Risk 6. Do Your Homework
7. Don't Panic 8. Buy Best-of-Breed
9. Defend Some Stocks 10. Don't Bet on Bad Stocks
11. Own Fewer Names 12. Cash Is for Winners
13. No Regrets 14. Expect Corrections
15. Know Bonds 16. Don't Subsidize Losers
17. No Room for Hope 18. Be Flexible
19. Quit When Execs Do 20. Patience Is a Virtue
21. Be a TV Critic 22. When to Wait 30 Days
23. Beware the Hype 24. Explain Your Picks
25. Find the Bull Market
Check back for more of Cramer's Rules

At the time of publication, Cramer was long Boeing, Intel, Cimarex Energy, Commerce Bancorp, GameStop and Pentair.

James J. Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict."

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