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

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NEW YORK ( TheStreet) -- Today's bounce-back rally tells us something, Jim Cramer said on  Mad Money Friday. It tells us that there are still plenty of people who want into this market but are being smart about it and waiting for better prices. That's why Cramer's game plan for next week's trading looks for more opportunities, especially ones made better by any additional volatility.

On Monday, Cramer said he'll be anxious to hear if Apple (AAPL) , a stock he owns for his charitable trust, Action Alerts PLUS, has any update on international iPhone sales. He'll also be listening to the Ford (F) analyst meeting to hear the latest from that company's new CEO.

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On Tuesday, Cramer will be watching Walgreens (WAG) , the once-loved but now-hated drugstore chain that is once again an Action Alerts PLUS stock. Cramer said he's looking beyond the near term and buying in for 2015 and beyond.

Wednesday brings a new biotech initial public offering, Calithera Biosciences. Cramer said he'll be waiting to hear more about this deal.

Then, on Thursday, it's spice-maker McCormick (MKC) and Constellation Brands (STZ) reporting. Cramer said he's a fan of Constellation, a stock that's now eight points off its high.

Finally, on Friday, it's time for the non-farm payroll numbers again, a metric Cramer said will have a big impact on the stock market, as it always does.

Throughout the week Cramer will also be watching Yahoo! (YHOO) for more news on how the company plans to respond to an activist shareholder urging the company to merge with AOL (AOL) .

Nike Delivers

Should investors have expected more from Nike (NKE) when shares sold off with the broader markets yesterday? Cramer said it appears so because the company delivered stunning results after the close, beating on both revenue and earnings with an expansion in gross margins. That news sent shares up a quick 12% as the outlook for Nike remains impressive.

Before the results, Cramer noted that investors had gotten very negative on Nike, expecting its boost from the World Cup to have faded along with a weaker China, a fading Western Europe and a lukewarm emerging market.

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But Nike remains a very efficient operator, Cramer said, and company management noted that the brands, products, operations and marketing were all firing during the quarter, more than making up for pockets of weakness around the globe.

Global Payments: Fleetcor

For the final installment of his peek into the global payments industry, Cramer featured the hottest industry you've probably never heard of, fleet cards.

Cramer explained that for companies with hundreds or even thousands of drivers and vehicles, fleet cards are a necessity to track and manage spending for things like gas and repairs. Fleet card operators partner with merchants, such as gas stations, to drive business their way and in return offer discounts to companies using their cards.

Cramer said that Fleetcor (FLT) is the largest of the fleet card operators and is also his favorite in the group. The company has 3% market share worldwide but is aggressively consolidating with over 60 recent acquisitions in 24 countries. Cramer said shares could hit $200 over the coming year, a 43% gain, even though they are already richly valued at 23 times earnings.

Cramer also gave the nod to the number two player in the fleet card market, Wex (WEX) , which trades at a cheaper 18 times earnings.

Executive Decision: Glenn Lyon

For his "Executive Decision" segment, Cramer spoke with Glenn Lyon, chairman and CEO of Finish Line (FINL) , which just delivered a six-cents-a-share earnings miss on lower-than-expected revenue at a time when Nike told us footwear was strong.

Lyon said Finish Line hasn't has many disappointments over his 12-year tenure but this quarter was one of them. He said that Finish Line has a big partnership with Nike, and in particular its Jordan line of basketball items, and in this back-to-school season those items missed the mark.

However, Lyon was quick to point out that the weakness was only temporary and he fully expects sales to rebound, which is why Finish Line did not lower full-year guidance.

Among the positives in the quarter, Lyon noted that the partnership with Macy's (M) is going very well, with Finish Line now in 400 Macy's locations. He said the spending surrounding that partnership will be winding down going forward, leaving only opportunity.

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Finally, when asked about the weakness in the stock, Lyon said Finish Line has three million shares in its buyback authorization and he sees the current share price as an opportunity. Cramer agreed.

Lightning Round

In the Lightning Round, Cramer was bullish on Buffalo Wild Wings (BWLD) , Washington Prime Group (WPG) , Take-Two Interactive (TTWO) , Ecolab (ECL) , Halliburton (HAL) , Schlumberger (SLB) and Skyworks Solutions (SWKS) .

Cramer was bearish on Empire State Realty Trust (ESRT) , MGM Resorts (MGM) , Glu Mobile (GLUU) , Marathon Oil (MRO) and InvenSense (INVN) .

Cramer's Homework

In his "Homework" segment, Cramer said he's still a fan of Alliance Data Systems (ADS) and the stock is still worth owning. He also blessed Kite Pharmaceuticals (KITE) , a small biotech fighting cancer, but only as a speculative investment.

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Cramer said he is still a fan of HCP (HCP)  but noted the stock may not be done going lower in the short term. Cramer said he's also sticking by his recommendation of Agios Pharmaceuticals (AGIO)  because this stock is not done going higher.

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

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

-- 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 a position in AAPL and WAG.

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