NEW YORK ( TheStreet) -- "Skepticism is no longer a workable strategy," Jim Cramer told his "Mad Money" TV show viewers on Friday, as he laid out his game plan for next week's trading. Cramer said that after today's jobs numbers, it's clear that the U.S. economy has improved dramatically and the stock market might be on a roll. On Monday, Cramer said he'll be watching Yum Brands ( YUM), a stock which he owns for his charitable trust,
Real Facebook WinnerInvestors who can't wait until May for the pending Facebook IPO should forget about trading derivative plays like Zynga ( ZNGA) or Groupon ( GRPN), Cramer told viewers. He said those trades are absurd. Instead, Cramer said the real winner of the Facebook IPO is its lead underwriter, Morgan Stanley ( MS). Cramer said the Facebook IPO alone is not a needle-mover for Morgan, as the deal will likely only bring in between $50 million and $100 million for the company, but it's indicative of everything the investment bank is doing right. Cramer explained that all of the brokers were left for dead last year, after rumors upon rumor about a European-induced collapse plagues the entire banking sector. But these rumors all proved to be false, said Cramer, and Morgan is no longer in any danger from Europe. As a result, good news now matters for this beaten down stock, which is why shares have rallied 34% so far this year. Morgan has a terrific balance sheet and is now well capitalized, said Cramer. It's restructuring its debts, lowering costs and cleaning up its balance sheet at every turn. The company is also seeing a pickup in not only its IPO business, but also in its wealth management services. With shares still trading at a discount to its book value and tons of non-believers still shorting the stock, Cramer said that Morgan still has a lot of room to run and he would once again be a buyer.
Asian Markets Remain StrongDoes money really grow on trees? Cramer found out in his "Executive Decision" segment when he spoke with Dan Fulton, president and CEO of Weyerhaeuser ( WY), an Action Alerts PLUS holding that's risen 35% since Cramer first got behind the company in July 2010. Weyerhaeuser just reported a seven-cent-a-share earnings beat on better-than-expected revenues and offered investors a bullish outlook for the year, news that sent shares up 5.8%. Fulton explained that a lack of consumer confidence has been an overhang for the company when it comes to its wood products division, which is levered to the housing market. He said the company constantly revises its estimates over time, but he expects the uptick in confidence and employment to help the outlook for 2012. In other areas of the company, like its wood pulp and real estate division, Fulton said sales have been strong. He said wood pulp completed its second record year of earnings and their real estate holdings are also performing well. Fulton was also bullish on Weyerhaeuser's exports to Japan. He said the company initially expected the Japanese to rebuild quickly after their tsunami last year, but that failed to happen. He said instead, the Japanese are rebuilding slowly over a longer time, but the Japanese market will remain a strong on for Weyerhaeuser. Fulton was also upbeat on exports to China, a country that slowed in late 2011, but is poised to rebound in 2012. When asked about other surprises for 2012, Fulton confirmed that Weyerhaeuser does own some land atop oil shale fields, but he said not to expect any news this quarter. He said that exploratory activities will play out throughout 2012 and the company will release news as they get it. Cramer continued his recommendation of Weyerhaeuser.