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

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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, Action Alerts PLUS , for an update on China's economy and also any plans to split up some of the company's franchises. Cramer told viewers to be careful with Yum since the stock could turn south if either news is not what investors are expecting.

Tuesday brings the earnings from Coca Cola ( KO), Buffalo Wild Wings ( BWLD), Panera Bread ( PNRA) and Walt Disney ( DIS). Cramer said investors may trim positions in Coke, but he remains bullish on both Buffalo Wild Wings and Panera. Disney might be tricky, said Cramer, so he advised waiting until after the earnings before buying in.

Then on Wednesday its Ralph Lauren ( RL), Cisco ( CSCO) and Whole Foods ( WFM) that will be reporting. Cramer said he expects great things from all three companies.

For Thursday, Cramer said that he's bullish on Dunkin Brands ( DNKN) and Noble Energy ( NBL), but he would ring the register now on Lufkin Industries ( LUFK), as he put that company in the penalty box last quarter.

Finally on Friday, Cramer said to stay away from Arch Coal ( ACI) as the coal bear market continues. He said he's also worried about NYSE Euronext ( NYX) and needs to here if that company has a Plan B after its failed merger attempt.

In the IPO market, Cramer said investors should try and get in on the Caesar's Entertainment IPO, but he would be an immediate seller of the stock in the open market as there are far better casinos to own.

Real Facebook Winner

Investors 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 Strong

Does 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.

Mad Mail

Cramer told a viewer that he feels E-Trade Financial ( ETFC) will do OK in this market, but he still likes Morgan Stanley ( MS) more.

When tweeted about OmniVision Technology ( OVTI), Cramer said it's not wise to speculate on Apple ( APPL) suppliers. He said if investors want to play Apple, an Action Alerts PLUS holding, they should do it with Apple or Broadcom ( BRCM), also an Action Alerts PLUS holding.

Lightning Round

In the Lightning Round, Cramer was bullish on Kraft Foods ( KFT), SunOpta ( STKL), Hain Celestial Group ( HAIN), Nucor ( NUE) and NVIDIA ( NVDA).

Cramer was bearish on Tele Norte Leste Participacoes ( TNE) and United States Steel ( X).

Things Are Getting Better

In his "No Huddle Offense" segment, Cramer said "enough already" with all the negativity about the U.S. economy. He said that someone has to acknowledge the truth and it might as well be him!

Cramer said things in the U.S. aren't getting better, they are better. He said we're building more cars, building more office buildings and finding a ton of new oil. That's a boon for not only those industries but also for pipelines, railroads, trucks and more, he added.

According to Cramer, the political climate may still be negative and investors may still be shell-shocked from the last few years where any positive news was met with a huge decline in the markets, but that doesn't mean things are staying negative forever.

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

To contact the writer of this article, click here: Scott Rutt.

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At the time of publication, Cramer was long Yum Brands, Weyerhaeuser, Broadcom.

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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