NEW YORK ( TheStreet) -- "This is a stubborn market," Jim Cramer told the viewers of his "Mad Money" TV show Friday. That's why he said investors need a good game plan for next week's trading. On Tuesday, electronics retailer BestBuy ( BBY) reports its earnings. Cramer said this company needs to beat 45 cents a share to impress Wall Street, but since the stock hasn't run up ahead of the earnings, he'd be a buyer on Monday. >>See Cramer's New Dividend Portfolio Cramer said he's also bullish on software maker Adobe ( ADBE). With 10 analysts rating the stock a "hold" or worse, Cramer said this stock is another one worth getting in on ahead of their earnings. On Wednesday, Boeing's ( BA) 787 Dreamliner is scheduled to fly. Cramer said he's bullish on Boeing and on its suppliers like Honeywell ( HON), a stock which he owns for his charitable trust,
Wireless Infrastructure PlayFor "Speculation Friday," Cramer returned to a thesis he touted earlier this year, the growth in wireless infrastructure. He said the thesis remains strong, there is still not enough wireless capacity in the U.S. to handle the growing demands of smart phones. On Sept. 10, Cramer recommended American Tower ( AMT) and Crown Castle ( CCI), two of the largest cellular tower players in the country. Since then, the stocks are up 15% and 24% respectively. Cramer also recommended the smaller tower stocks, including SBA Communications ( SBAC), which is up 29% since September. Cramer said this company, which operates only 7,800 cell towers compared to the big players with 20,000 towers, has a lot of room to run and is buying back its own stock to boot. On Sept 11, Cramer expanded on his thesis and recommended backhaul providers Ceragon Networks ( CRNT) and Harris Stratex ( HSTX), two companies which help connect cellular traffic to the Internet. Ceragon is up 48% since the recommendation, with Harris Stratex up only fractionally. Cramer said he'd take some profits in Ceragon, but he remains a big fan of the company which is growing earnings at 17.5%. Cramer said Harris Stratex is still worth owning, but he's not as enthusiastic. On Oct. 14, yet another cell tower company came public, this one called DragonWare ( DRWI). Cramer said unlike the others he's mentioned, DragonWare is far too speculative to invest in given that 77% of the company's revenues come from a single company, Clearwire ( CLWR).
Challenging TimesClosing out his "Invest In America" series, Cramer once again welcomed Dan DiMicco, president and CEO of steelmaker Nucor ( NUE), to the show to discuss the steel industry and the challenges facing the America economy. DiMicco once again sounded the alarm, saying that the problems facing the country are bigger than people realize, but noted that some in Congress are beginning to wake up to the issues at hand. DiMicco said it's critical for the country to get its budget and trade deficits under control. He said the country needs to focus on recovery and job growth, not the president's current list of priorities. DiMicco also stressed the need for energy independence and better infrastructure. He said America needs $2.2 trillion dollars work of infrastructure spending to get the country back on track creating jobs and economic growth. He said both of these initiatives will require the president to "jump in with both feet." Turning to the steel industry, DiMicco remained cautious on the industry's outlook. He said that rising input costs are boosting the price of steel. But, he noted, the increased demand is not sustainable. DiMicco said he won't know if the demand is real until the first quarter of 2010.
Mad MailCramer told a viewer that Fluor ( FLR) is a buy given its huge backlog of business. Cramer told a second viewer that Brazilian paper maker Fibria Celulose ( FBR) is a buy.
Lightning RoundCramer was bullish on Bank of America ( BAC), Roper Industries ( ROP), Diana Shipping ( DSX), Nordic American Tanker ( NAT) and Frontline ( FRO). He was bearish on InfoSpace Inc ( INSP). -- Written by Scott Rutt in Washington D.C. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.