Jim Cramer told fans of his “Mad Money” TV show Friday that his game plan for next week depends on the Standard & Poor’s proprietary oscillator. Cramer explained that when the oscillator hits +5 its a signal to sell stocks and when it reads -5 its time to buy. Cramer said Friday’s signal was -6 which means its time to buy stocks. He told investors now is the opportunity to buy beaten-down stocks like bank names Wells Fargo (WFC) and JP Morgan (JPM), however he would avoid Lehman Brothers (LEH). Cramer also likes tech names like Research In Motion (RIMM), Salesforce.com (CRM), Hewlett-Packard (HPQ), Google (GOOG) and IBM (IBM). For new-tech names he likes Ingersol-Rand (IR), Emerson (EMR), Eaton (ETN) and Parker Hannifin (PH). L-3 Communications (LLL) also received a green light from Cramer. Housing stocks like Owens-Corning (GLW) and Toll Brothers (TOL) were called trades and Cramer also pointed to retailers Wal-Mart (WMT), VF Corp (VFC), Jones Apparel (JNY) and Costco (COST). Cramer advised investors to stay out of oil stocks for now. He feels better prices will come during pullbacks in his wildcat drillers and oil names. “The rally you saw today is the beginning of a multiday rally. You haven’t missed a thing,” he said.
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