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

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NEW YORK ( TheStreet) -- Now that the big bag employment event is behind us, Jim Cramer told "Mad Money" viewers Friday he's looking forward to next week to see if earnings will confirm or refute the slightly better-than-expected numbers received today.

Cramer said Monday his game plan will kick off with the latest read on Chinese industrial production. He said most people have given up on China, so any better-than-expected number will be good news for the markets. Also on Monday, Annie's ( BNNY) and Lululemon Athletica ( LULU) will report. Cramer said Annie's may struggle and Lulu is rip for profit taking so he'd be cautious on both.

Tuesday brings two IPOs, Coty and Gigamon. Cramer said he'd be a buyer of either deal. He'll also be watching the Morgan Stanley ( MS) conference for a read on the banking industry as well as the earnings from Ulta Salon ( ULTA), another stock that worries Cramer.

On Wednesday, Cramer said, he'll be all ears for PVH Corp ( PVH) and Five Below ( FIVE). He said PVH may be ready to roar, but expects Five Below to be under pressure. Also on Wednesday, a Piper Jaffray retail conference and news on the federal budget deficit, which may bring good news with less spending and higher taxes now in place.

For Thursday, it's more employment data with the initial unemployment claims, along with earnings from Restoration Hardware ( RH), a stock that's doubled since its IPO late last year. Cramer said this stock should be headed higher.

Finally on Friday, it's the latest U.S. industrial production numbers. Cramer said for the rally to continue, this number has to begin climbing.

Executive Decision: Rich Gelfond

In the "Executive Decision" segment, Cramer sat down with Rich Gelfond, CEO of Imax ( IMAX), the high-end theater company that operates 738 theaters around the globe. Shares of IMAX are up 20% so far in 2013, just ahead of the summer movie season.

Gelfond said business is going great at Imax and his company is rapidly expanding in Latin America, Europe and in emerging markets around the globe. He noted that 80% of current customers are looking to add more Imax screens, which is validation the company has done things right and now has a model that's working.

When asked how things are going in China, a country known for its knock-off products, Gelfond said the Chinese love brands, and the Imax brand has yet to be replicated in China. He said the Chinese recognize the quality of the Imax brand and don't seem to want to settle for lesser-quality offerings.

Turning to this season's movie lineup, Cramer asked whether Imax should be considered as a hit-driven business. Gelfond said this is a common misconception; in reality, Imax's revenue per screen has been pretty constant at $1.2 million, no matter how many blockbuster films are expected each year. He said Imax is now playing re-releases including "Titanic" and "The Wizard of Oz" to turnouts as large as for the newest releases.

Cramer said that with consumers tiring of "regular" movies, Imax remains a cut above.

Speculation Friday

For "Speculation Friday," Cramer honed in on Jazz Pharmaceuticals ( JAZZ) a small biotech stock that has roared recently but may be ready to run even higher.

Cramer said Jazz currently sells for just nine times earnings despite its 16% growth rate. Given an average biotech multiple, he feels the stock could rally another 25% from current levels.

But there's a dark cloud hanging over Jazz, said Cramer, and that's the threat of generic competition. Despite having patents for its key drug, Xyrem, running through 2019, another company is actively developing a competing generic alternative. While Jazz has already sued to stop development, the company risks losing 50% of its revenue if the outcome of that case does not go its way.

Cramer said he's not worried about Jazz' legal woes because he feels the case should be a slam dunk, especially since the company is developing a new formulation of Xyrem that could extend patents even beyond 2019. He said the company's drug pipeline, which includes promising oncology and psychiatric drugs, will make Jazz more than a one-hit wonder by the time its Xyrem patents do finally expire.

Given the stock's big run, Cramer reminded viewers that all of the usual speculative caveats apply -- wait for a pullback, use limit orders and don't pay up for shares.

Lightning Round

In the Lightning Round, Cramer was bullish on American Electric Power ( AEP), CVR Refining ( CVRR), TransCanada ( TRP), Ruth's Chris Steakhouse ( RUTH), Darden Restaurants ( DRI), Kimberly-Clark ( KMB) and Aqua America ( WTR).

Cramer was bearish on Southern Company ( SO), Clean Harbors ( CLH), Hudson City Bancorp ( HCBK) and Nuverra Environmental Solutions ( NES).

Mad Mail

In the "Mad Mail" viewer feedback segment, Cramer followed up on Chuy's Holdings ( CHUY), saying that at 42 times earrings, the stock has become too rich to consider. He was also bearish on Nextera Energy ( NEE), saying that the utilities have fallen out of favor and he prefers Duke Energy ( DUK) or ConEd ( ED).

Cramer was more upbeat on Infinera ( INFN), saying that investors could buy some now, but should wait for a pullback to complete their positions. He was also bullish on Waste Management ( WM), saying that investors are selling on news that the company may not be allowed to turn itself into a REIT, but he's still buying it for his charitable trust, Action Alerts PLUS.

Cramer was also buying Facebook ( FB) for Action Alerts PLUS, even though he admitted that while Facebook is doing great as a company, it's pretty bad as a stock.

Finally, when asked whether he'd bet on Las Vegas Sands ( LVS) or the Phillies baseball team, Cramer said he'd go with Las Vegas Sands at this point in the season.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer told viewers that if the market's rally is to continue, we'll need to keep an eye on six macro themes.

First, interest rates need to stabilize after their quick jump upwards. Second, we need to see better data from Europe as well as, third, better data from China. The markets will also need to see stronger retail sales numbers to counter the weaker numbers posted this week.

Finally, Cramer said the markets need to see a rise in commodity prices, which have plummeted on fears of weaker global demand, and the leadership groups like tech and aerospace to return to their leading roles.

Cramer said for the markets to take out their recent highs, all six of these momentum themes need to be heading in the right direction.

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

-- 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

At the time of publication, Cramer's Action Alerts PLUS had positions in FB and WY.

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.

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