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NEW YORK ( TheStreet) -- "We should've been down today," Jim Cramer told the viewers of his "Mad Money" TV show Friday. He said the tragedy in Japan has sent the markets higher, as investors pondered the possibilities of huge rebuilding efforts. But is that enough to offset a slowing China? Cramer said probably not, which is why he told viewers to temper their enthusiasm.

Cramer's game plan for next week's trading instead focused on a handful of companies reporting earnings, as they will provide the best read on what the U.S. and global economies look like with $100-a-barrel oil. On Monday, Cramer said, Hewlett-Packard ( HPQ - Get Report) should be able to tell us its strategy, as well as if there really is a glut in tablet computers and a stalling out of the PC market. Also on Monday, we will hear from Chevron ( CVX - Get Report), the first of the big oil companies to report with sky-high oil prices, along with chip-maker Xilinx ( XLNX - Get Report), who should provide a read on the communications equipment market.

On Tuesday, Cramer said he'll be watching the William Bair & Company conference on cloud computing in the hopes positive news there could lift the tech sector overall. Then on Wednesday, Cramer said Superior Industries ( SUP) will offer guidance on the auto market amidst higher gas prices.

Thursday will be the most important day for Cramer, as fav Lululemon ( LULU - Get Report) reports earnings. He said the shorts are worried, but Lulu management has a bad habit of scaring analysts. Also on Thursday, show giant Nike ( NKE - Get Report) reports. Cramer said watch those future order numbers for a read on this company. Finally, 3M ( MMM - Get Report) and FedEx ( FDX - Get Report), will provide two other takes on the economic outlook.

Friday is options expiration, Cramer reminded viewers, which usually means at least one day of volatility in the markets. He told investors to be ready one day next week.

Executive Decision

In the "Executive Decision" segment, Cramer spoke with Martin Franklin, chairman and CEO of Jarden ( JAH), a stock that's up 31% since Cramer first recommended it in November 2009.

Franklin commented on the recently announced partnership between Starbucks ( SBUX) and Green Mountain Coffee Roasters ( GMCR) to bring Starbucks coffee to Green Mountain's single-serve K-Cup pods. Franklin said the deal is important for growing the single-serve coffee market and is great news for Jarden's single-serve Mr. Coffee brewers who use K-Cup pods.

In other areas of the company, Franklin said that Jarden's outdoor products, like K2 skis and Coleman camping gear, are seeing lots of momentum. The company has the lowest inventory of skis in its history, he said. With such a strong start to the year, Franklin said it doesn't appear that higher gas prices are slowing sales.

Turning to the other top analyst worry, commodity costs, Franklin reminded viewers that many of Jarden's products are seasonal in nature, affording the company some added flexibility in sourcing its materials as opposed to products that must buy materials right now. He said Jarden is in "pretty good shape" when it comes to commodity costs.

Cramer said he was hoping to hear that things are still on track for Jarden, and remained a backer of the stock.

Pulse on Health Care

"There's one part of health care that's working," Cramer told viewers, and that's the medical device makers. He said, unlike the drug makers, which are having a harder and harder time creating, and winning approval for new drugs, the device makers are taking advantage of market trends and demographic trends, to power higher.

Cramer explained that as big money managers fight to beat the benchmark S&P 500 every year, they often mimic, then tweak, the makeup of the venerable index. So with 11% of the S&P 500 being made up of health care, mutual funds and hedge funds must own at least a little health care. But which ones?

Cramer said that Stryker ( SYK) is at the top of his list. This company has 20% market share in joint reconstructive products and trades at less than 12 times forward earnings, with an 11% growth rate. He said the company is diversifying away from focusing on just hips and knees and into more lucrative devices. Stryker also derives 40% of its business from hospital surgical equipment; another plus.

Among the others in the group, Cramer said that Medtronics ( MDT - Get Report) has gone nowhere and with its CEO leaving, he'd stay away. He said that Zimmer Holdings ( ZMH), which is similar to Stryker, is just not as strong a company.

St Jude ( STJ) is another promising candidate, said Cramer, but with the stock near its 52-week high, he'd wait for a pullback before diving into this company, with its newly minted dividend.

Viewer Feedback

In the "Mad Mail" viewer feedback segment, Cramer told a viewer that while Men's Warehouse ( MW) is a good value play, it can't hold a candle to Saks ( SKS), which is a $12 stock headed to $15 or $16 a share.

Cramer told another viewer that he prefers Chesapeake Energy ( CHK) over EXCO Resources ( XCO) because Chesapeake has more upside and a great CEO. He also felt that SuperValu ( SVU), one of the worst-performing stocks last year, is not as good as Kroger ( KR) or Whole Foods ( WFMI).

Finally, when asked why price deflation is a bad thing, Cramer told a viewer to study history, mainly the Great Depression, when falling prices caused international chaos.

Lightning Round

In the Lightning Round, Cramer was bullish on Huntington Bancshares ( HBAN), Motricity ( MOTR), Northern Oil and Gas ( NOG), Continental Resources ( CLR), Chesapeake Energy ( CHK), Mercury General ( MCY) and Travelers Companies ( TRV).

Cramer was bearish on Cisco Systems ( CSCO) and Avis Budget Group ( CAR).

Closing Comments

In his "No Huddle Offense" segment, Cramer reminded viewers that the market is not all knowing, and is often wrong. He said the speculation that the earthquakes in Japan would fuel a rally in our domestic natural gas markets just isn't going to happen.

Cramer explained that natural gas trades regionally, not internationally, so if Japan's nuclear power plants are offline, the U.S. market won't capture any of those gains. The only thing that matters for the U.S. natural gas market is President Obama, said Cramer, and he simply doesn't care about the fuel.

Cramer said it's clear that Washington's agenda is burning ethanol to win favor in the farm states, endorsing the fictitious clean coal to win over the powerful coal lobby, and promoting everything renewable, from wind to solar to biofuel, all of which is totally impractical for cars.

Sadly, said Cramer, natural gas is once again left out in the cold.

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

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At the time of publication, Cramer held no positions in stocks mentioned.

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."

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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.