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To make a lot of money in not a lot of time, market players need to get into the next hot initial public offering, Jim Cramer told viewers of his "Mad Money" TV show Friday.

AeroVironment, which is expected to go public next week and trade under the symbol AVAV, is the next hot IPO, according to Cramer.

The company makes small unmanned aircraft used for surveillance, he said. Even though AeroVironment may have the risk of competition, it's the only company that makes a plane weighing less than a pound.

That's what gives AeroVironment an edge, Cramer said.

The Pentagon has been "pouring money" into it, as the small, quiet planes AeroVironment makes are used by the army "to spy what's happening 'over the hill,'" he said.

Moreover, as the aircraft are combat-tested in Iraq and Afghanistan, the company has real sales and real profits, Cramer said.

Plus, AeroVironment's applications are not only military-based, but the aircraft is also used for scientific and preventative reasons in the case of volcanoes and forests, he continued.

Though people may be worried that a stock like this might take a hit with the Democrats in control, Cramer told viewers that AeroVironment has deep military contracts and an unbelievably optimistic backlog.

Plus, because it's the only game in town right now with its virtually weightless plane, the company is in a good position, he said.

Although AeroVironment should come public between $14 and $16, "it won't be possible to get in at this price unless your broker gets you in," Cramer said. Therefore, he advised buying AeroVironment under $20 a share, buying it "with discretion" between $20 and $25 a share and selling it at $25.

Goldman Sachs is acting as AeroVironment's main underwriter, and Cramer said he doubts it would be bringing AeroVironment into the market unless Goldman believed that the company's next couple of quarters are "in the bag."

Southern Comfort

"If you're a conservative investor who doesn't like risk, you have to figure out if you want upside or if you just want income," Cramer told his viewers.

For those people who don't want mad money but want just a low, steady source of income to save for their retirement, he offered two bond replacement stocks: Consolidated Edison ( ED) and Southern Co. ( SO).

Bonds, Cramer said, are not exciting and are called fixed income for a reason: because you know how much you will get paid with them.

However, if market players find stocks with high dividends in a low-risk sector, they can get the same income as a bond with the upside potential of stocks, he said.

Cramer encouraged low-risk investors to look at Con Ed and Southern and to consider buying them over government-issued Treasury bonds.

People should think about getting into these stocks instead because investors tend to pay more taxes on bond income than on dividends, he said. Not only are the after-tax yields offered by Con Ed and Southern better than the income from bonds, but both companies also have growth, Cramer said.

In addition, the bond will never increase its coupon rate, whereas it's possible that the stocks will go up.

Game Plan: Listen and Learn

In his game plan, Cramer warned viewers that next week is going to be difficult to make money because of all the earnings reports that are set to come out.

Therefore, instead of acting, he advised people to listen next week.

For Monday, Cramer told market players that the key quarter to look out for will be that of Texas Instruments ( TXN). This will be the "crystal ball into the world of technology."

A good quarter should turn around the gloom in tech, but that scenario is unlikely, he said.

On Tuesday, listen to what Coach ( COH) has to say, because it should guide viewers about to what to do with other high-end, luxury stocks, Cramer said.

He also recommended looking at United Technologies' ( UTX) earnings release.

Cramer believes that on Wednesday, investors should be able to discern the real strength of the economy by examining Norfolk Southern ( NSC). And for a window into high-growth, high-multiple stocks, he suggested looking at F5 Networks ( FFIV).

For Thursday, Cramer advised listening to AT&T ( T), Legg Mason ( LM) and Microsoft ( MSFT).

Next week, focus on finding out about the economy from the bottom up by seeing how businesses are really doing, Cramer said. Don't act -- just listen.

Hot Tamales

Cramer welcomed Steve Ells, Chipotle Mexican Grill's ( CMG) chairman and chief executive, to the show and asked him if the company can keep up its "fabulous" performance.

"We sure hope it can keep up," Ells responded. It has been able to do so well, he believes, because although Chipotle is a fast-food restaurant, it doesn't act that way in some key ways: food, service and atmosphere. "And customers are going crazy for it all over the country," Ells said.

"We are opening up 95 to 105 new stores because we can find great real estate and managers for that number," he continued.

Responding to Cramer's question regarding rising food costs, Ells said the good news is that Chipotle will see no immediate effect of this.

Therefore, Chipotle has some time to figure out what it's going to do, the CEO said. "We're going to keep our eye on it."

Lightning Round

Cramer was bullish on Covance ( CVD), Continental Airlines ( CAL), Rite Aid ( RAD), International Flavors & Fragrances ( IFF), JPMorgan ( JPM), Capital One Financial ( COF), Level 3 Communications ( LVLT), Best Buy ( BBY), AT&T ( T) and Toyota Motor ( TM).

Cramer was bearish on JetBlue Airways ( JBLU), Bare Escentuals ( BARE), Sky Financial ( SKYF), Western Refining ( WNR), Electronic Arts ( ERTS), Corning ( GLW) and FairPoint Communications ( FRP).

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.

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At the time of publication, Cramer was long Toyota Motor and Capital One Financial.

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. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. 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.