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"Tonight I'm giving you the only thing you really need," Jim Cramer told "Mad Money" viewers Friday. "That is my game plan. You need to know what's coming up and what to do about it."

Cramer revealed that each Friday night going forward he will give viewers a game plan to know how best to play the market in the next work week.

"This is how the game plan works," he said. "I tell you the lay of the land and how to play it."

The markets have been in constant struggle between the hard landing folks and the soft landing people. "They are battling it out like the Crips and Bloods," he said.

Cramer is betting against the hard landing folks who he thinks are wrong in their outlook. "It doesn't matter that they are wrong," he said, "because there are a lot of them."

He thought for the short term it looks like the hard-landing folks will have the edge next work week. But he suggested viewers balance their portfolios with stocks that would benefit from whichever group won out.

The stocks to buy if there is a hard landing are:
  • Verizon (VZ),
  • Pepsi (PEP),
  • Altria (MO),
  • Kimberly Clark (KMB) and
  • GlaxoSmithKline (GSK).

But the soft-landing guys could win, so investors looking to profit from a potential soft landing should look to buy:
  • Caterpillar (CAT),
  • ConocoPhillips (COP),
  • Chesapeake Energy (CHK),
  • Nabors (NBR) and
  • JoS. A. Banks (JOSB).

Green Underdog Plays

"It time for you to go green," Cramer told viewers. "Now that the alternative energy stocks have been annihilated, it's time to go hunting."

He observed the anomaly that there continues to be a bull market in oil, but that alternative energy stocks have been killed. That may change, however, with the new Treasury secretary, Henry Paulson, who, Cramer says, likes alternative energy.

"He likes windmills, but there will be no tilting at windmills," Cramer said.

Cramer identified his three top picks in alternative energy stocks, "that by simple laws of mathematics simply need to go up," he said.

The first was SunPower ( SPWR), which is down about 32% from its 52-week high. The company recently did a secondary offering that wasn't well-received by the market, Cramer said. However, the stock remains cheap on an earnings basis and a revenue basis. "I think it will bounce back," he said.

The next stock was Headwaters ( HW). The stock is down 40% from its 52-week high. Although the company is likely to lose some synthetic-fuels business, said Cramer, it does have clean coal, and that should make up for some of the loss. The company's ethanol exposure is also a positive, he said.

Cramer also likes Evergreen Solar ( ESLR), which is down 36%. "This is the fastest-growing and cheapest of the group," he said.

"Alternative energy is too cheap," he said.

Reading Ivanhoe

Cramer observes that sometimes speculation can be a good thing, and he decided to use the company Ivanhoe Energy ( IVAN) as a case study to demonstrate to viewers the potential to be had in speculation.

He warned, however, that at its current price of $2.83 it is a sell. "But that doesn't mean you shouldn't ever buy Ivanhoe," he said. "If it goes back to $2, it's a buy."

It has a great story, but it's too expensive here. "Until then, stay away," he said.

A research report this week announced that the company could be worth $14.67 a share. That is up over 400% from its current level. Cramer is, however, skeptical. A lot of what Ivanhoe has to offer is unproven and because of that, potential buyers should beware.

Ivanhoe has proprietary technologies that turn heavy oil into light oil. Light sweet crude is much more valuable, he said. Although the company has a 10-year patent in the U.S. and Canada, he said, that only represents potential. "That only means it could work."

Cramer Adopts an Orphan Stock

On Thursday's show, Little Orphan Antes, Cramer said he wanted to adopt an orphan stock and that viewers should help him pick one of five alternatives by emailing their thoughts to him.

Viewers overwhelmed Cramer with responses.

As a recap, the five stocks were:
  • Dynamic Materials (BOOM), which makes materials used in oil patch and defense;
  • Electro Rent (ELRC), an Internet equipment company;
  • NetScout Systems (NTCT), another Internet equipment company;
  • Layne Christensen (LAYN), a construction and drilling concern; natural resources (water, minerals, energy) businesses; and
  • Vaalco Energy (EGY), an oil and gas production and exploration company.

Friday, Cramer announced that the orphan is to be Dynamic Materials. He promised "to watch this orphan as it grows up."

Lightning Round

Cramer was bullish on Darden Restaurants ( DRI), United Parcel ( UPS), Basic Energy ( BAS), Identix ( IDNX) and Rite Aid ( RAD).

Cramer was bearish on Bausch & Lomb ( BOL), Goldcorp ( GG), Titanium Metals ( TIE), Wal-Mart ( WMT) and Powerwave Technologies ( PWAV).

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

Here's your chance to pick the stock you'd like me to feature on my radio show June 8:
Apple
Enbridge
Genentech
Heinz
Phelps Dodge
Sun Micro

REMEMBER to listen in on Thursday for my take on the stock that wins this poll!

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 Nabors Industries.

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."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com 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 TheStreet.com, 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. 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.

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