NEW YORK ( TheStreet) -- "Earnings matter," were Jim Cramer's words of wisdom to the viewers of his "Mad Money" TV show Friday, as he told investors to not be blinded by macroeconomic news, and instead focus on the stocks that are doing exceptionally well. Cramer said the strength in U.S. markets today was due to earnings finally being too good to ignore. He said while the rest of the world sold off on China's half point interest rate hike, U.S. stocks were on a tear based on good old fashioned earnings and takeover speculation. So what's in store for next week's game plan? Cramer said he'll be watching Hewlett Packard ( HPQ) on Monday for a read on the tech sector. Will HP be another Cisco ( CSCO), a stock which Cramer owns for his charitable trust,
An Environmental Cleanup LeaderIn the "Executive Decision" segment, Cramer spoke with Alan McKim, chairman, president and CEO of Clean Harbors ( CLH), one of the leaders in the environmental cleanup business. Clean Harbors recently reported a 36 cent a share earnings beat on year over year revenues that were up 90%. McKim said the economy is picking up, and Clean Harbors is seeing waste volume at their incinerators and landfills picking up. He said the chemical and refining business is especially strong, and the company is getting calls for environmental cleanup projects every day. McKim also said that Clean Harbors is in a good position, as there haven't been any new incinerators built in the last 15 years. At the company's landfills, he said pricing is looking good and will be improving in 2011. McKim said he's excited about opportunities in the pharmaceutical industry as well as in natural gas drilling, where every rig needs Clean Harbor services to handle their waste operations. He said that Clean Harbors already has many contracts in place, and can respond in just hours wherever they are needed. Cramer reiterated his buy recommendation on Clean Harbors, saying the stock is still way too cheap, and he'd be a buyer on Monday.
Energy Efficiency PlayFor "Speculation Friday," Cramer showed investors how to effectively speculate on the growing energy efficiency trend. He once again recommended Ameresco ( AMRC), a stock he recommended when it IPO'd on July 20. Back in July, Cramer said he liked Ameresco's consulting, engineering and implementation business that centered around making buildings more energy efficient. He said Ameresco's stock would act like a tortoise, and slowly crawl its way higher. Since then, shares have indeed slowly risen, up 23%. Months later, Cramer said Ameresco is still a buy. He said the company's services are still in huge demand, with Ameresco's backlog approaching $1 billion, despite its $500 million marketcap. Ameresco's services help customers achieve a 40% return on their efficiency investment, often recouping that investment in less than two years. Cramer said other than great earnings visibility, he also likes that Ameresco is not beholden to any one client. He called the company a smart speculation in a smart business, and he'd continue to be a buyer at these levels.