Cramer's 'Mad Money' Recap: Next Week's Game Plan

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NEW YORK ( TheStreet) -- Gone are the days when the markets get hammered and stay hammered, an upbeat Jim Cramer told "Mad Money" viewers Friday.

He laid out his game plan for next week's trading action, saying the market's rally now seems almost unstoppable.

That's why on Monday, Cramer said, he'll be watching homebuilder Lennar ( LEN), a company that survived the housing crisis through excellent management, and Paychex ( PAYX), a stock that's up 15% for the year and has a yield of almost 4%.

Cramer said he also expects good things when Red Hat ( RHT) reports Monday.

Tuesday brings earnings from Carnival Cruises ( CCL), a company on the mend from its disaster last year, and also contract manufacturer Jabil Circuits ( JBL). Cramer said he's betting on good quarters from both companies.

For Wednesday, Cramer said all eyes will be on crude oil inventories. If the numbers are bad, he'll use the weakness to pick up Schlumberger ( SLB) on the cheap.

Then on Thursday its Discover Financial ( DFS), spice maker McCormick ( MKC), Nike ( NKE) and Research in Motion ( RIMM).

Cramer was bullish on Discover's partnership with eBay's ( EBAY) PayPal and said McCormick makes things like parsley, sage, rosemary and profits. He was also bullish on Nike's recent dividend boost, but noted that Research In Motion is all but dead as the iPhone 5 sweeps the globe.

Finally, on Friday it's Walgreen's ( WAG) turn at bat. Cramer said this one consistent earner has become a roller-coaster and he'd take profits ahead of earnings.

Executive Decision

In the "Executive Decision" segment, Cramer spoke with Alex Smith, president and CEO of Pier 1 Imports ( PIR). This stock has risen an astounding 17,500% since the depths of the recession when it traded for as little as 11 cents a share and one that's doubled since Cramer first recommended the company in April 2010.

Smith said Pier 1 is constantly bringing in new seasonal merchandise so its customers will always find something new. He said his staff plans very carefully, building on past successes, which has allowed the company to become very successful where others have failed. Smith also touted the company's new Web site and ecommerce channel as another huge opportunity for Pier 1.

Smith clarified that while it's always nice to have the tailwind of a robust housing market, Pier 1 doesn't need strong housing in order to prosper. Its remarkable turnaround began during the worst of the housing collapse and it's been nothing but success ever since. Smith noted that it only takes fractional gains in marketshare for Pier 1 to do extremely well.

Among the other positives at the company, its new customer loyalty and rewards program, which has been attracting tons of new customers, and Pier 1's new three-story flagship store in Manhattan.

Cramer said that he loves shopping at Pier 1 as well as investing in it.

Speculation Friday

For "Speculation Friday," Cramer highlighted Radware ( RDWR), a company he said is one of the few bright spots in technology during what would normally be a great time for the sector.

Cramer said shares of Radware received an 11% haircut when it last reported in July, thanks to in-line sales but cautious guidance. But that's to be expected, he said, as the company gets 32% of its sales from Europe, and we all know how things have been over there.

But at its core, Cramer said, Radware has a solid business. Nearly 75% of the company's sales come from what are known as application delivery controllers, in essence the hardware that takes data from server farms and parlays it out to millions of users.

Chief rival Cisco ( CSCO) has decided to exit this business, said Cramer, allowing Radware to pick up market share. The remaining portion of Radware's business is in cybersecurity, particularly attack mitigation systems that help companies recover from cyberattacks.

Cramer said with shares trading at 16.8 times earnings with a 16.5% growth rate, shares of Radware are inexpensive and its future is most certainly better than its past. The company has solid partners and a balance sheet with lots of cash on hand.

Lightning Round

Here's what Cramer had to say about callers' stocks during the "Lightning Round":

Franco-Nevada ( FNV): "This company has a very simply model and I think it's a winner."

Sarepta Therapeutics ( SRPT): "That's a speculative stock but a good speculative stock."

Boardwalk Partners ( BWP): "I like this company. It's one of the best MLPs out there."

Under Armour ( UA): "Everyone is bearish on Under Armour and that's wrong. The chart is bad but I like it."

Sony ( SNE): "I don't like Sony. They may make the battery in the iPhone 5 but that is not enough to move the needle."

Getting Feedback

In the "Mad Mail" viewer feedback segment, Cramer said that while some investors are worried about Dunkin Brands ( DNKN), he finds the stock's current levels intriguing. He also suggested looking into Five Below ( FIVE) and Ulta Salon ( ULTA).

Cramer was less bullish on Velti ( VELT), a mobile marketing firm. He said a rise in competition makes this company too risky. He wouldn't count out Hillshire Brands ( HSH), the meat product spinoff of Sara Lee ( SLE). Cramer said this will be a reinvestment year for the new company, but he would be a buyer on weakness.

When asked to choose between CenturyLink ( CTL) and Verizon ( VZ), Cramer said that CenturyLink is a comeback story and both Verizon and AT&T ( T) remain strong buys.

But when asked about ARM Holdings ( ARMH) versus Qualcomm ( QCOM), Cramer said the clear winner is Qualcomm, although he likes Broadcom ( BRCM), a stock he owns for his charitable trust, Action Alerts PLUS, even more.

Finally, when asked about Deckers Outdoor ( DECK), Cramer said this is one stock that simply "ain't working."

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said he was "shocked" to see both Oracle ( ORCL) and Tibco Software ( TIBX) trade sharply lower after they reported earnings Thursday.

Cramer said these after-hours, hair-trigger traders simply have no idea what they're trading on because both companies saw their stocks rocket higher after the conference calls began.

Oracle is doing fantastic, he said, and only saw its revenue dinged by currency fluctuations. Tibco also saw an uptick in business, and was hit by currency as well as five fewer selling days in the quarter.

Cramer said many viewers ask about after-hours trading. He said instead of studying how to trade after-hours, those viewers should study how to research stocks so they can beat up on the sellers of these stocks.

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

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

At the time of publication, Cramer's Action Alerts PLUS had a position in BRCM, NKE and SLB.

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."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

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.

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