"Today my mission is to find you a newer, cheaper, better way to play the CNBC Million Dollar Portfolio Challenge," Jim Cramer told viewers of his "Mad Money" TV show Friday. Golden Star Resources ( GSS - Get Report), he said, is his "new favorite way" to play the stock-picking game. Golden Star is a $4.46 stock for which Cramer urged people to use limit orders if they decide to buy it. The gold-mining company operates in West Africa and South America, and for that reason it's quite speculative, he said. However, Golden Star also has a big mine in Ghana, "an island of stability," making it slightly less speculative. Also in Ghana, Golden Star is building a new sulfide-processing plant, which analysts are worried about, Cramer said. The skeptics are standing in the wings, giving market players an opportunity to buy. Cramer said he's speculating that Golden Star's management might announce the opening of its new plant sooner than expected, which in turn should cause analysts to revise their estimates. "As revisions go up, the numbers should go up as well," Cramer said. The plant, he believes, should double Golden Star's gold production and decrease its costs. The gold miner reports its quarterly results on May 10, just before the CNBC stock-picking game is set to end, Cramer said. A solid quarterly report should push Golden Star's stock price higher.
Laser Tag: Cynosure"On 'Mad Money' we love lasers ... because they're sexy, speculative and they make people money fast, which is perfect for Speculation Friday," Cramer told viewers. On
Cramer's Game PlanDuring the show's "Game Plan" segment, during which Cramer offers his ideas for the coming week, he advised viewers to keep an eye on the infrastructure plays. Fluor ( FLR), McDermott International ( MDR) and Foster Wheeler ( FWLT) are three "terrific" infrastructure plays that report next week, he said. With oil prices high, these are stocks people should consider. He suggested market players buy half their positions of Fluor, McDermott or Foster Wheeler before they report their respective quarters and then buy the other half after the companies report. "Be prepared to buy on any weakness," Cramer said. On Tuesday, CVS/Caremark ( CVS - Get Report) reports. This is a company that "has vaulted itself even further into the health care heaven" because it bought Caremark on the cheap, he said, advising people to get into CVS ahead of when it reports. Cramer said he likes Dynegy ( DYN), which also reports Tuesday, on earnings. Because of the fact that Nabors ( NBR) and Halliburton ( HAL), which he owns for his charitable trust,
Tool Time With Black & DeckerCramer welcomed Black & Decker CEO Nolan Archibald and asked him how his company was able to report such a great quarter. Archibald said he believes Black & Decker reported good numbers because it's got "great brands and innovative products," both of which sell well in down markets. He said that although the company has been cautious given the economy, Black & Decker is doing "fairy well." When Cramer asked the chief executive specifically which products he was talking about, Archibald said the company has introduced a bunch of new Dewalt brand products all the way from a concrete breaker, to a new line of hammers and generators. Archibald also commented that Black & Decker plans to continue buying back its shares. "We think it's a great buy," he said. Cramer called the stock "the real deal" and said it is headed right through $100. Black & Decker closed at $92.36 Friday.
Lightning RoundCramer was bullish on IntercontinentalExchange ( ICE), Chicago Mercantile Exchange ( CME), CBOT Holdings , Ciena ( CIEN), Tellabs , Progressive ( PGR), Prudential ( PRU), MetLife ( MET), United Online ( UNTD), Sears ( SHLD), American Capital ( ACAS), Public Service Enterprise ( PEG), Exelon ( EXC), Duke Energy ( DUK), Consolidated Edison , Energy Metals ( EMU), Hewlett-Packard ( HPQ), Bank of New York ( BK) and Amgen ( AMGN). Cramer was bearish on IPG Photonics , FoxHollow Technologies ( FOXH) and Atmel ( ATML). For more of Cramer's insights during the most recent Lightning Round,
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