Cramer's 'Mad Money' Recap: Next Week's Game Plan (Final)

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NEW YORK ( TheStreet) -- "We're entering a no-trading zone next week," Jim Cramer told the viewers of his "Mad Money" TV show Friday.

He said it's impossible to make money during earnings season, when the news break too fast and leaves no time for the homework that leads to wise investment decisions. Cramer told viewers to listen and learn, but keep their powder dry.

Among the many companies Cramer said he'll be watching next week will be Alcoa ( AA). Cramer said he's curious to hear about this company's energy costs.

In banking, Cramer said he's interested in JPMorgan Chase ( JPM) and Bank of America ( BAC), two stocks which he owns for his charitable trust, Action Alerts PLUS .

Cramer said JPMorgan remains his favorite, but he expects both to see slightly stronger quarters. Also on Cramer's watch list, First Horizon ( FHN), which he called among the best of the regionals.

In technology, Cramer said Intel ( INTC) and Google ( GOOG) are the stocks to watch. He said Intel is still cheap, and Google needs to update us on their outlook for China.

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Other notable companies reporting next week, according to Cramer, include Yum! Brands ( YUM), PPG Industries ( PPG) and General Electric ( GE), all of which will provide reads on the health of their sectors.

Finally, Cramer said he'll be paying attention to CSX ( CSX) to hear if the railroad is shipping more metallurgical coal. If so, Cramer said he'd pick up more Walter Energy ( WLT) up to $100 a share.

Private Label Pick

Cramer said he's even more of a buyer of private label food maker Perrigo ( PRGO), after the company's announcement on March 23 that it's acquiring privately held PBM, a private label maker of baby foods and formulas for $808 million.

Cramer said the markets have already flagged Perrigo as a good stock, by sending shares up 12% on the news of the merger. This is on top of the 27% gain shares have seen since Cramer last recommended the stock on Feb. 9.

According to Cramer, Perrigo's fundamentals were strong before the deal, but now the story is even more compelling. He said retailers from the largest of discounters, to the smallest of drug and supermarket chains, are moving more and more to private label items as they discover they can still deliver quality to their customers with far higher margins than the brand names.

Perrigo last reported 70 cents a share in earnings, four cents better than expectations, and raised guidance, all before the new deal was announced. With the new unchallenged leader in private-label baby items under their belt, Cramer said Perrigo is an even bigger powerhouse, with plenty of room still to grow.

California Cooking

Closing out his series of California recovery plays, Cramer turned to the restaurant group under the premise that if more people have jobs and therefore money, they'll go out to eat more.

He said that despite one of the worst economies in the nation, restaurant chains are still expanding in the state, meaning they'll be ready for the recovery.

Cramer said investors could speculate on Cheesecake Factory ( CAKE) or Denny's ( DENN), which have 21% and 26% of their locations in California.

They could also consider CKE Restaurants ( CKR), purveyors of the Carl's Jr chain of restaurants. CKE has 68% of its restaurants in California, and is up 56% since Cramer recommended it on May 22nd of last year.

But for even more upside, Cramer said investors need to look at Jack in the Box ( JACK), with its 2700 locations, 42% of which are in California. Cramer said that Jack is looking to become a national franchise by 2013 and has much further to run as it grows into its full potential.

Finally, in the casual dining space, Cramer gave the nod to California Pizza Kitchen ( CPKI), a stock which has done nothing in three years, but could be poised to break out, and BJ's Restaurants ( BJRI), an upscale bar and grill chain with 94 locations with the potential to grow to 300 locations in the near future.

Cramer said BJ's is at its 52-week high, but he still feels it could make a great investment.

Mad Mail

Cramer told a viewer that medical supplies maker Unilife ( UNIS) was way too risky given its volatility.

Cramer told another viewer that software maker Adobe ( ADBE) is suffering from Apple's ( AAPL) decision to leave Adobe's Flash software off its iPhone and iPad devices.

He told a third viewer that IBM ( IBM) tends to trade around its earnings, and doesn't usually have a catalyst between quarters to propel it higher.

Cramer told a final viewer that perhaps his outlook on Hain Celestial Group ( HAIN) was too rosy given the company's exposure in the New York City metro area. He said until the company's products are available everywhere in the country, perhaps the stock won't break out as predicted.

Lightning Round

Cramer was bullish on American Tower ( AMT), Weatherford Int'l ( WFT), Hasbro ( HAS), Spartan Stores ( SPTN), Staples ( SPLS), Marvell Technology ( MRVL) and Broadcom ( BRCM).

He was bearish on CACI International ( CACI).

-- Written by Scott Rutt in Washington D.C.

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 Bank of America, JPMorgan Chase.

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.

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