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Jim Cramer's 'Mad Money' Recap: Here's Next Week's Game Plan

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NEW YORK (TheStreet) -- With just about every industry coming up short in the earnings department, Jim Cramer told his Mad Money viewers Friday that he's advising caution. The data are not encouraging, he said, but there's still a steady drumbeat of investors expecting a Federal Reserve interest rate hike when what's really needed is another rate cut.

Cramer's game plan for next week's trading begins over the weekend, with Greece. If a deal can be reached, that would be good; if not, be prepared for more pressure on the markets.

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On Monday, Cramer's eyes turn to Humana (HUM), which shot up 20% on rumors of a potential sale. Also on Monday, PVH (PVH) reports and should afford investors an OK risk reward.

Next, on Tuesday, it's Dollar General (DG) and Medtronic (MDT) reporting. Cramer expects a bad headline number but a positive outlook for Dollar General and a surprise to the upside for Medtronic.

Wednesday brings Brown Forman (BF.B), which has been red-hot, and an analyst meeting for FireEye (FEYE), a major player in the red-hot cyber security sector.

Then, on Thursday, J.M. Smucker (SJM) reports, along with Verifone (PAY) and chipmaker Ciena (CIEN). Cramer is a fan of Smucker and Verifone for the long term, but told viewers to be careful with Ciena, which has run up ahead of the quarter.

Finally, on Friday, it's the all-powerful non-farm payroll report. Cramer said nothing moves the markets more than this statistic. If it's strong the market will sink, but if it's weaker the Fed may be on hold, which would be a boon for stocks.

Playing Defense

The United States may be stepping back from its role as the world's policeman, but that doesn't mean our defense contractors are cutting back as well. In fact, new export rules on military exports means that the time is right to start buying this group.

Among the group, Cramer is a fan of Raytheon (RTN - Get Report), which makes missile defense systems and just landed huge contracts in Poland and Qatar. He is also a fan of Lockheed Martin (LMT - Get Report), which makes the F-16 aircraft and trades at just 15 times earnings with a 3.2% yield.

Also making Cramer's recommended list are United Technologies (UTX), which may be unlocking value by spinning off its helicopter division, and General Dynamics (GD), known for its armored ground vehicles.

Cramer suggested buying any of these names on any weakness such as what the markets are seeing right now.

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This article is being updated. Please refresh for the latest version.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.

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