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If you own only the hottest of stocks, you're gonna get scalded, Jim Cramer cautioned his Mad Money viewers Friday, after a down day on Wall Street.

The "vicious rotation" action we saw today is normal, Cramer said, because when the hot stocks get too hot, the money moves into cooler names. The market's rotation will likely continue for another couple of days next week, Cramer said, but he sees the weakness as a buying opportunity.

Cramer's game plan for next week starts on Monday with one eye on the monthly Federal government budget statement. Cramer said he sees a possible debt ceiling battle looming and that could be bad news for Trump's economic agenda.

On Tuesday, Cramer will be watching H&R Block (HRB) - Get H&R Block, Inc. Report to see how the tax preparer did during this year's tax season. Then on Wednesday, all eyes will be on the Federal Reserve. The market, and the bank stocks in particular, are counting on interest rate hikes and a strong Fed statement on the economy.

Thursday will have Cramer listening to Kroger's (KR) - Get Kroger Co. Report earnings, as this stock, which is down 10% for the year, may now be too cheap to ignore. Finally, on Friday, Cramer closes out the week with Corning (GLW) - Get Corning Inc Report , which is having its annual analysts' meeting.

On Real Money, Cramer says it's not prudent to charge in every day and chase. Chasers get hurt and that's exactly what's happening today. Get more of his insights with a free trial subscription to Real Money.

Executive Decision: CoreSite Realty

For his "Executive Decision" segment, Cramer spoke with Paul Szurek, president and CEO of CoreSite Realty (COR) - Get CoreSite Realty Corporation Report , the data center REIT with shares that are up 34% for the year and sport a 3.4% dividend yield.

Szurek said that CoreSite has a differentiated product from most traditional data center companies in that they offer scaleable solutions in close proximity to major network nodes. This allows its customers to house their applications next to the population centers that matter most for faster speed and performance.

When asked about what the inside of a data center looks like, Szurek said CoreSite features multiple rooms with varying levels of power and cooling performance, depending on what the situation calls for. All of the engineering in a data center focuses on managing power and cooling to the highest degree possible.

Will better, faster processors and GPUs put a damper on CoreSite's growth? Szurek said that historically, as processing power increases, new uses for data are found, keeping the demand for data centers well ahead of the available supply.

Cramer said that investors are looking for a less volatile way to play the technology revolution, CoreSite is the way to go.

Chicago Bridge & Iron

What the heck is happening to the stock of Chicago Bridge & Iron (CBI) , which has declined from highs of $90 a share to under $17 today? Chicago Bridge & Iron shares have been cut in half so far in 2017 and saw a 15% haircut just this week alone.

Sometimes stock go down for a good reason, Cramer reminded viewers, and in this case, the reason is a pair of ill-timed and poorly managed acquisitions made in 2012 and 2013.

Chicago Bridge & Iron's 2012 acquisition of Shaw Group proved to be just the beginning of the company's missteps, as oil prices began to plunge shortly thereafter. The deal also saddled CBI with $1.9 billion in debt. But then in 2013, CBI purchased the E-gas assets of Phillips 66 (PSX) - Get Phillips 66 Report , another deal with terrible timing.

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Making matters worse, Phillips was in partnership with Westinghouse in the E-gas business and the new CBI partnership quickly soured with lawsuits in both directions. It's possible that CBI won't collect on nearly $2 billion it thinks its owed.

Cramer called the stock of Chicago Bridge & Iron "uninvestable," even with shares trading at just four times earnings.


Some stocks just won't stop heading higher, Cramer told viewers. If you'd invested in an S&P 500 index fund, you'd be up 9% so far in 2017. But if you'd invested in IDEXX Labs (IDXX) - Get IDEXX Laboratories, Inc. Report , the animal health and vet care provider, you'd have gained 40%, and that's on top of a 60% gain last year.

Americans spend a fortune on their pets, treating them as family with the best foods and best healthcare. Last year, Americans spent over $62 billion on their pets and that number just keeps growing. And that's why sales at IDEXX, which makes veterinary testing and diagnostic equipment, along with vaccines for livestock and software for vets to run their practices on. If your pet has ever gotten a X-ray, that's probably IDEXX.

IDEXX is an innovation machine, Cramer said, accounting for nearly 80% of the entire industry's new products over the past few years. The company derives 87% of revenues from consumables and other recurring sources.

Cramer and the AAP team say Friday's tech rotation devastation is a wake-up call. Find out what they're telling their investment club members with a free trial subscription to Action Alerts PLUS.

Lightning Round

In the Lightning Round, Cramer was bullish on Tiffany & Co (TIF) - Get Tiffany & Co. Report , NASDAQ (I:IXIC) , Walt Disney (DIS) - Get Walt Disney Company Report , Axalta Coating Systems (AXTA) - Get Axalta Coating Systems Ltd. Report and Skechers USA (SKX) - Get Skechers U.S.A., Inc. Class A Report .

Cramer was bearish on Mazor Robotics (MZOR) - Get Mazor Robotics Ltd Sponsored ADR Report , Trinseo (TSE) - Get Trinseo Public Limited Company Report and International Game Technology (IGT) - Get International Game Technology PLC Report .

No-Huddle Offense 

In his "No-Huddle Offense" segment, Cramer opined on the growing momentum in Nvidia (NVDA) - Get NVIDIA Corporation Report , which finally saw a down day, falling 6.5%.

Nvidia has become an anointed stock, one investors are turning to for growth. The company makes best-in-class chips and is king of the data center, with its newest chips, debuting in the fall, packing the power of 400 servers into a single piece of silicon.

Some investors are likening Nvidia to Intel (INTC) - Get Intel Corporation Report , which rose 6,500% from 1987 through 2000. Can lightning strike twice? Cramer said he's not sure, but he is sure that if you're interested in Nvidia, then sometime next week, you should get an excellent chance to buy it.

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