Cramer's Mad Money Recap: Game Plan

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Next week’s trading will hinge on the latest economic data and what the Federal Reserve has to say about them, Jim Cramer told his Mad Money viewers Friday. But if there’s one thing Cramer’s learned over his career, it’s to never sell a bull market.

There’s bound to be a lot of chatter on Monday about “growth versus value,” Cramer said, but individuals should ignore it. Focus instead on finding high-quality companies that are doing well and your portfolio will be rewarded.

Cramer’s game plan continues on Tuesday with the latest Producer Price Index and earnings from Oracle  (ORCL) – Get Report. He said if we see strong inflation again with the PPI, it may be hard for the Fed to ignore. As for Oracle, many regard the company as a fossil, but in reality, they offer a lot of cutting-edge cloud solutions.

On Wednesday, the Fed will be meeting and investors will want to hear the words “transitory inflation.” We’ll also get the latest housing starts number and earnings from home builder Lennar  (LEN) – Get Report, which should outline how commodity prices are faring.

Then on Thursday, we’ll hear from grocer Kroger  (KR) – Get Report, but Cramer said he’d rather own America’s largest grocer, Walmart  (WMT) – Get Report. He was bullish on Jabil  (JBL) – Get Report, the contract manufacturer, and Adobe Systems  (ADBE) – Get Report, which has its finger on the pulse of the cloud.

Finally on Friday, Cramer told viewers to be on the lookout for what the next target of WallStreetBets might be, as the clan tends to focus on one stock every week. But don’t buy into the hype, Cramer urged, only buy in if the company’s long-term outlook makes sense and it’s worth it on its own merits.

Cramer and the AAP team are looking at everything from earnings and politics to the Federal Reserve. Find out what they’re telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts Plus.

Am I Diversified?

In his “Am I Diversified” segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors’ portfolios have what it takes for today’s markets.

The first portfolio included AbbVie  (ABBV) – Get Report, Valero Energy  (VLO) – Get Report Blackstone  (BX) – Get Report, CSX  (CSX) – Get Report and Intel  (INTC) – Get Report. Cramer called this portfolio interesting, but advised swapping out of Intel and adding Advanced Micro Devices  (AMD) – Get Report.

The second portfolio’s top holdings included Exxon Mobil  (XOM) – Get Report, Amazon  (AMZN) – Get Report, Altria  (MO) – Get Report, Carvana  (CVNA) – Get Report and Roblox  (RBLX) – Get Report. Cramer blessed this portfolio as properly diversified.

The third portfolio had Airbnb  (ABNB) – Get Report, Coupa Software  (COUP) – Get Report, Amazon, First Horizon National  (FHN) – Get Report and Gap Inc.  (GPS) – Get Report as its top five stocks. Cramer applauded this portfolio as also having great diversification.

The fourth portfolio’s top stocks were Realty Income  (O) – Get Report, IBM  (IBM) – Get Report, Johnson & Johnson  (JNJ) – Get Report, PepsiCo  (PEP) – Get Report and Chevron  (CVX) – Get Report. Cramer said this portfolio is exactly how you make money long term.

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At the time of publication, Cramer’s Action Alerts PLUS had a position in WMT, ABBV, AMD, AMZN.