Cramer: Next Week’s Top IPO

Eight initial public offerings will hit the market next week, the most since December 2007. Cramer found a health-care play that he liked the best: Select Medical.

“I want to be in that,” the Mad Money host said during Friday’s Stop Trading!.

Select Medical operates specialty hospitals, focusing on long-term acute care. Cramer called it a “high-priced business” in a sector that has been “red hot.” Some analysts have speculated on how President Obama’s intended reforms would affect Select Medical, but they did much the same about Tenet Healthcare , which has been “great” regardless, Cramer said.

Elsewhere in the market, Citigroup on Friday upgraded Procter & Gamble to “buy” from “hold.” Cramer attributed the call to P&G’s willingness to concede that competitors Unilever and Colgate-Palmolive were outperforming the Cincinnati-based firm.

Lastly, the hype over eco-friendly autos batteries right now “feels like ethanol to me,” Cramer said. The demand for stocks related to that plant-based alternative fuel reached a feverish pitch before they was replaced by a different fad.

“I think batteries will be the same,” Cramer said, adding that he thinks natural gas will follow as the market’s newest darling.

Cramer's charitable owns Procter & Gamble.

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