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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Friday March 21.

12 Things To Watch In The Week Ahead: Ensco (NYSE:ESV), Cheniere Energy (NYSEMKT:LNG), Valero (NYSE:VLO), Schlumberger (NYSE:SLB), McCormick (NYSE:MKC), Walgreen (NYSE:WAG), Phillips-Van Heusen Corporation (NYSE:PVH), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Paychex (NASDAQ:PAYX), King Digital (NYSE:KING), Restoration Hardware (NYSE:RH), Lululemon (NASDAQ:LULU), 2U (NASDAQ:TWOU), Aerohive (NYSE:HIVE). Other stock mentioned: Palo Alto Networks (NYSE:PANW)

The averages are seeing roller coaster action on the rotation that started with the Fed meeting last Wednesday; since then, stocks that do poorly in an environment of higher interest rates have been selling off, and banks, which perform well with higher interest rates, have been rising. Cramer suggests paying attention to the following conferences, meetings, IPOs and earnings reports to see if this rotation has staying power.

Monday

  • Chinese PMI: A poor number will send industrials and cyclicals down. Lately the numbers from China have been lackluster.
  • Howard Weil Energy Conference starts on Monday and continues through the week. Cramer would pay attention to Ensco (ESV), which is cheap, yields 6% and may benefit from higher day rates. Other companies to watch during this conference are: Cheniere Energy (LNG), Schlumberger (SLB) and Valero (VLO), which is having a good quarter and could be a trade going into its May earnings.
  • McCormick (MKC) and Walgreen (WAG) are both growth stocks that are reporting earnings. If they report decent numbers and the stocks do not rise or decline, that will be an indication that the market is still in "growth stock Hades."
  • Phillips-Van Heusen Corporation (PVH) has seen so many downgrades that the negativity is priced in. It might go higher on any good news.

Wednesday

  • Fed Comprehensive Capital and Analysis Review [CCAR]: This report may be a boost for bank stocks that need approval to raise dividends and initiate buybacks. Bank of America (BAC) and Goldman Sachs (GS) are likely to get green lights.
  • Paychex (PAYX) should give information in its earnings report on small business growth and whether or not the Affordable Care Act is hurting small business owners.
  • King Digital (KING) has its long-awaited IPO, and if this company, which makes the hugely popular Candy Crush game, does not spike excessively on its IPO, it might be worth owning for the long term. If this IPO does poorly, it might create some well-needed skepticism surrounding the frothy IPO market.

Thursday

  • Lululemon (LULU) and Restoration Hardware (RH) are both highly-valued growth stocks. If they report decent numbers, the stocks could go higher, and this could signal a return of cash into high growth stocks.

Friday

  • 2U (TWOU) and Aerohive (HIVE) are two cloud plays having their IPOs. Cloud stocks have been seeing a landslide of sellers. These IPOs should give an indication of the health of cloud plays and IPOs.

Cramer took some calls:

Palo Alto (PANW) is best-of-breed, but Cramer suggests taking some profits, because this industry is selling off. In addition, PANW is facing a lawsuit.

Be Careful With IPOs: Amber Road (NYSE:AMBR), A10 Networks (NYSE:ATEN), FireEye (NASDAQ:FEYE), LinkedIn (NYSE:LNKD), Yelp (NYSE:YELP)

Why are stocks of well-established cloud companies getting hit, while IPOs shoot up in one day, even if the underlying companies are not producing profits? Cramer thinks the IPO market is "froth personified," and while it may pay to get in on some of these deals, most merit a swift exit. A major reason IPOs are popping is that so little stock is offered, as was the case with Amber Road (AMBR) and A10 Networks (ATEN). FireEye (FEYE), a leader in security software, traded up to $96 after its IPO, dropped to $82 on a secondary offering and is now down below $70. If FEYE is a best-of-breed company, what does this action say about less than stellar companies? It seems that the LinkedIns (LNKD) and the Yelps (YELP) are the happy exceptions and FEYE represents the rule of recent IPOs.

When Bad Things Happen To Good Companies: Salesforce.com (NYSE:CRM), Gilead (NASDAQ:GILD), Hewlett-Packard (NYSE:HPQ), Microsoft (NASDAQ:MSFT), Intel (NASDAQ:INTC), At&T (NYSE:T), Caterpillar (NYSE:CAT), Nucor (NYSE:NUE). Other stocks mentioned: Krispy Kreme (NYSE:KKD), Starbucks (NASDAQ:SBUX), Dunkin' Brands (NASDAQ:DNKN)

News of an improving economy is not necessarily a bad thing, but it can be, depending on the company. With indications that the economy is getting stronger, investors are ditching consistent growers like Salesforce.com (CRM) and Gilead (GILD) in favor of stocks that have been laggards but might see a sudden spike, like Hewlett-Packard (HPQ), Microsoft (MSFT), Intel (INTC) and AT&T (T). Shares of Caterpillar (CAT) and Nucor (NUE) rose even though both companies gave downbeat news. Those who buy these stocks are betting that demand will grow and exhaust excess inventories. There is also the belief that HPQ will start innovating and move into the 3D printing space. CRM and Gilead are not broken companies, they are broken stocks.

Cramer took a call:

Krispy Kreme (KKD): Dunkin' Brands (DNKN) and Starbucks (SBUX) are both better stocks to buy than KKD.

CEO Interview: Manny Perez de la Mesa, Pool Corporation (NASDAQ:POOL)

Pool Corporation (POOL) is only a point away from its 52 week high, and this was after a severe winter. POOL might see a further rise going into summer, especially with the comeback of housing. CEO Manny Perez de la Mesa says that the company is in "the early phases of recovery," which began in 2011. POOL is taking share from large and small companies, and expects to see a rise in new pool construction; its maintenance and repair divisions have been consistently strong.

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Source: Cramer's Mad Money - 12 Things To Watch In The Week Ahead (3/21/14)