Cramer's 'Mad Money' Recap: Your Chance to Buy Apple (Final)

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NEW YORK ( TheStreet) -- "Investors who have waited and waited for a great time to buy Apple ( AAPL) will get their chance next week," Jim Cramer told the viewers of his "Mad Money" TV show Friday.

Apple was just one of the many stocks Cramer highlighted in his game plan for next week's trading.

Cramer said the analysts will likely be disappointed with Apple's iPhone shipment numbers when it reports on Monday, as a little-known production glitch kept numbers lower-than-expected. He said that glitch was taken care of at the end of the third quarter, setting up Apple for a big fourth quarter.

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He said that will make Tuesday the perfect time to buy Apple, after the disappointment, but still before AT&T ( T)sings the iPhone's praises when it reports on Thursday.

In the aerospace sector, Cramer said any further Boeing ( BA) Dreamliner delays will create weakness and a buying opportunity, for that stock on Wednesday.

He said United Technologies ( UTX) will also report next week, and that too is a great stock to gauge the health of the sector.

In commercial real estate, several names will be reporting, including Comerica ( CMA), M&T Bank ( MNT) and Huntington Bancshares ( HBAN). These companies will tell us the health of that group, said Cramer.

Cramer also noted Wells Fargo ( WFC), a stock which he owns for his charitable trust, Action Alerts PLUS , as another name to watch. He said the Wells often disappoints the analysts because it doesn't offer a Q&A period on its conference call. Cramer said he'd be a buyer on that weakness.

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Still other stocks like Caterpillar ( CAT), will offer guidance on the economic recovery, said Cramer, as will steelmaker Nucor ( NUE), which reports on Thursday.

Cramer said investors need to just watch these names and learn from what's said and the reaction of the stocks.

Replacing Starent

With Cisco's ( CSCO) recent announcement of its purchase of Starent Networks ( STAR), Cramer said it's time to ring the register on Starent and look for a replacement stock for his Mobile Internet Index portfolio of stocks.

He then said that ARM Holdings ( ARMH) is the perfect stock to fill Starent's shoes.

Cramer explained that ARM Holdings is a semiconductor intellectual property powerhouse. The company's high performance, low-power processor designs are licensed to a staggering 95% of all smart phones and mobile devices and have become the new standard for the the red hot netbook computer category.

Cramer said ARM's business model makes sense for semiconductor and device makers since it spreads the costs of developing the ever more complicated processors among the entire industry. By licensing ARM's technology, companies and quickly and cheaply roll out new and faster devices.

With ARM's practical monopoly on the mobile processor market, Cramer said the company's multiple of 25 times its projected earnings actually makes the stock cheap, especially given the company's 30% projected growth.

Biometric Plays

When it comes to securing the homeland, Cramer said no area is more exciting than biometric, the art of identifying the bad guys from their fingerprints, faces and other physical characteristics. For "Speculation Friday," he "identified" not one, but two, stocks that investors should consider.

Cramer said L-1 Identity Solutions ( ID) and Cogent ( COGT) are two leaders in the biometrics field.

He explained that L-1 Identity Solutions has technology that moves beyond fingerprints, to identify people by their faces, irises and beyond. The company has equipment in Iraq and Afghanistan, and is working to secure business for driver's licenses in the state of New York as well as the Mexican national ID program.

Cogent is a pure play on finger-print technology, as the company mainly administers the U.S. Visitor's Program, which helps speed frequent fliers through customs. This company too has a lot of room for growth, said Cramer, as it competes for contracts from the U.S. Army, the U.K. Post Office and others.

Among the two, Cramer said Cogent is the safer bet, with $5.86 a share in cash on the books, while L-1 Identity Solutions is risker with less cash and more debt. Both companies trade around 18 times their earnings and have a 20% growth rate.

Cramer said there's no hurry to buy either stock. He said he'd wait for a market pullback to do some homework before pulling the trigger.

Mad Mail

Cramer followed up on two stocks that stumped him in the "Lightning Round" earlier in the week. He said that Hatteras Mortgage ( HTS) has a dangerously high 16% yield that should make investors worried. He said this company doesn't meet the standard that he looks for in a financial stock.

Cramer said the electronics component maker Diodes ( DIOD) is an attractive investment and would be one worth buying, if only he didn't like ON Semiconductor ( ONNN) more.

Lightning Round

Cramer was bullish on VIVUS ( VVUS), Freeport-McMoRan ( FCX), Agnico-Eagle Mines ( AEM), Skyworks Solutions ( SWKS), Eli Lilly ( LLY) and 3Com Corporation ( COMS).

He was bearish on Rubicon Minerals ( RBY), Cerner ( CERN), Imax ( IMAX) and The Blackstone Group ( BX).

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

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

For more of Cramer's insights during the Lightning Round, click here .
At the time of publication, Cramer was long Wells Fargo.

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.

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