Jim Cramer Remains Bullish As Markets Rise Again

The Dow Jones Industrial average rose for a fourth consecutive day, gaining 155.91 points to close at 9,506 on Friday. The markets were helped by positive comments from Fed chairman Ben Bernanke confirming that the economy is beginning to recover. In the commodities markets, oil finished at its highest level of 2009 at $73.96 per barrel, while gold rose $12.80 to $953.10. Jim Cramer’s stock picks on yesterday’s Mad Money show also performed quite well as Mr. Cramer maintained his bullish stance on the stock market.

Salesforce.com (CRM: 76.02 -1.16%)
Salesforce.com rose 16.2% after delivering better than expecting quarterly results yesterday. The stock also benefitted from the Cramer effect as Mr. Cramer interviewed Salesforce.com CEO Marc Benioff on Thursday nights show. Mr. Benioff was very confident that CRM will improve dramatically as the economy begins to recover. Cramer was very bullish on the stock as it was one of the rare stocks delivering a “double play” by beating earnings estimates by increasing their revenues rather than just cost cutting. Cramer recommends investors buy the stock and believes it will hit at least $70.

Triple-S Management (GTS: 18.40 +2.00%)
For the second day in a row, Cramer talked about Wellpoint (WLP: 65.07 +1.96%) and Triple-S Management. While Wellpoint rose only 0.8% today, Triple-S shares jumped 8.4% on the Cramer buy recommendation. Mr. Cramer believes that healthcare stocks will benefit as multiple expand and sees big potential in these HMO stocks. “We’ve been positive about this group since it became clear that the agenda’s stumbling, now it’s time to go pedal to the metal on this beaten down sector,” says Cramer.

Shaw Group (SHAW: 34.57 -0.77%)
Shaw Group CEO Jim Bernhard was also interviewed by Mr. Cramer on Thursday’s show. Mr. Cramer sees the stock as a great play on nuclear energy and believes the Obama administration is looking more favorable on the concept of nuclear energy. While the company delivered disappointing earnings last quarter, Cramer believes the stock is cheap and will see upside in the future.

Other Cramer stock picks:

Whirlpool (WHR: 86.28 -2.95%) rose 4.8% – Cramer believes the stock along with Sears Holdings (SHLD: 103.61 -1.17%) could benefit from the governments $300 million appliance rebate program.

Netflix (NFLX: 70.45 -0.13%) rose only 0.3% – Cramer recommended selling the stock.

Coinstar Group (CSTR: 32.62 -0.82%) rose 1.1% – Cramer recommended buying CSTR as a hedge against selling Netflix.