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NEW YORK ( TheStreet) -- "Don't let the spike in oil scare you away," Jim Cramer told the viewers of his "Mad Money" TV show Friday, as he laid out his cautiously optimistic game plan for next week's trading.

Cramer said he's not surprised traders didn't want to "go home long" this weekend amidst a turbulent market, but cautioned that all bets are off if gasoline hits $4 a gallon.

On Monday, Cramer said Ciena ( CIEN) will have his attention, as the company continues to take share from Cisco ( CSCO).

On Tuesday, Brown Forman ( BF-A), Dick's Sporting Goods ( DKS) and Diamond Foods ( DMND) will have Cramer's attention. He said that Forman will provide a read on the strength of the consumer, while Dick's will tell us how well Nike ( NKE) and Under Armour ( UA) are doing. Diamond is a battleground, said Cramer, with 35% of the company's share sold short.

Molycorp ( MCP) is the stock to watch on Wednesday, said Cramer. He said this company's products are in high demand, but he wondered whether the EPA give the company the room it needs to mine.

Then on Thursday, Clean Energy Fuels ( CLNE) will be reporting. Cramer said he's ever hopeful for the success of this company, but feels without government subsidies, the stock is sadly not investable. Also on Thursday, filtration play Pall Corp ( PLL), a possible takeover target with great fundamentals.

Finally, on Friday, another sporting goods player, Hibbett Sports ( HIBB) reports. Cramer said if Dick's is strong, Hibbett should be too.

In other news, Cramer said he'll be watching the Bank of America ( BAC) analyst meeting, its first in four years, as well as the IPO of HCA holdings, which is set to trade under the ticker "HCA". Cramer said he's willing to bless this private equity backed IPO.

Global Footprint

In the "Executive Decision" segment, Cramer sat down with Joe Gromek, president and CEO of Warnaco Group ( WRC), a company Cramer called the most exciting apparel maker you've never heard of. Warnaco mainly markets apparel under the Calvin Klein label, and trades at 12.8 times earnings with a 17% long-term growth rate.

Gromek said while Warnaco doesn't operate any dedicated Calvin Klein stores here in the U.S., outside of the country, it operates 1,300 Calvin Klein stores, with an additional 600 franchise and partner locations. In China, the company operates 100 stores itself, and there are 400 in total, an opportunity which could grow into thousands of locations.

Being a global company has its drawbacks, noted Gromek, who said that Warnaco lost one week of production in Egypt amidst the unrest. Egypt, and Egyptian cotton in particular, represents 10% of the Warnaco's sourcing, said Gromek. Warnaco also faces rising labor costs in China, he said, and the company is always on the hunt for lower labor costs.

Turning to the company's products, Gromek said the introduction of CK1 underwear for men should capture 10% of the underwear market this year, while the company's other notable brand, Speedo, the number one swimwear brand in the U.S., is gearing up for the Olympics next year.

Cramer said he continues to like the Warnaco story.

High-Margin Strategy

In a second "Executive Decision" segment, Cramer spoke with Mark Ellis, president and CEO of Linn Energy ( LINE), which is up 170%, including dividends, since Cramer first recommended it on May 20, 2009. Linn Energy currently has a 6.9% dividend yield.

Ellis explained that Linn Energy makes its money by positioning itself into high-margin properties, and right now that mean oil. He said the company is investing into the Bakken shale region, where companies are deploying lots of new technologies and driving down costs in a big way.

How big? Ellis said that exploration costs for oil are only $10 to $15 a barrel in the Bakken shale, and with operating costs at just another $5 a barrel, there are significant margins with oil selling near $110 a barrel.

Ellis said that acquisitions remain at the core of Linn's growth strategy, and the company remains committed to financing those deals with 60% equity and 40% debt, a ratio that has been immediately accretive to earnings in the past. He said there is a lot more growth coming at Linn.

Finally, when asked about continued environmental concerns over natural gas, Ellis said that hydraulic fracturing has been around for a long time, and responsible companies like Linn recycle as much of their water as they can, and dispose of the rest in an approved disposal facility.

Cramer said its rare to find a company like Linn that offers both growth and a high dividend. He remained bullish on the stock.

Sitting Pretty

When you hear about rising coal prices, you need to think about Walter Energy ( WLT), Cramer told viewers. There's a bull market raging in metallurgical coal, he said, and Walter is set up reap in the rewards.

With steel production rising worldwide, and especially in China, the metallurgical coal used to make it just saw a 46% increase in its benchmark price this quarter. Cramer said this bodes well for all of the mining stocks, including Cliffs Natural Resources ( CLF - Get Report), Freeport-McMoRan ( FCX - Get Report) and especially Walter.

Cramer explained that Walter's coal is largely unpriced for the second half of the year, meaning it can take full advantage of these higher prices. Plus, thanks to a recent Canadian acquisition, Walter is now the largest coal producer in North America, and the fifth largest worldwide. Making matters even more pressing are the historic floods disrupting supply in Australia, the major supplier of coal to China.

Cramer first recommended Walter on March 9, 2010 and has already seen a 49% gain in the stock. "You ain't seen nothing yet," Cramer told viewers, as Walter is poised to produce 17 million tons of coal this year, all in close proximity to export terminals.

Lightning Round

Cramer was bullish on American Express ( AXP - Get Report), Weatherford International ( WFT)and Boeing ( BA - Get Report).

There were no bears.

Plenty in Reserve

In his "No Huddle Offense" segment, Cramer poised the question: "Where is the emergency OPEC meeting?" He recalled that in 2008, when oil topped $100 a barrel, the oil cartel was quick to meet and increase production, sending oil into a free fall a month later. But this time around, OPEC has chosen to wait until their regular June meeting. Why?

Cramer said it's because there is no emergency, and the cartel's lack of urgency is probably the strongest indicator that oil will soon peak. He said that Saudi Arabia has twice the reserve capacity that it has in 2008, and even the U.S. has an additional 4 million barrels a day in reserve that it can use if needed.

Cramer said that OPEC knows that sky high prices will curtail oil usage, which is a bigger concern than prices being too low. "This crisis will pass," he said, which is why OPEC doesn't seem worried.

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

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At the time of publication, Cramer was not long any stock mentioned.

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."

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