The stock market continues to be in "beast mode," Jim Cramer told his Mad Money viewers Friday, and there will be a lot more to feed the beast next week.
Cramer's game plan for next week's action begins on Sunday, with the kickoff of the Consumer Electronics Show, which will feature a keynote from red-hot chipmaker Nvidia (NVDA) - Get NVIDIA Corporation Report . Expect this speech to be inspiring and compelling.
On Monday, another chipmaker, Intel (INTC) - Get Intel Corporation (INTC) Report , reports earnings. It's also the kickoff of another important event, the JPMorgan Chase (JPM) - Get JPMorgan Chase & Co. (JPM) Report Healthcare Conference, where Allergan (AGN) - Get Allergan plc Report will be presenting. Cramer was bullish on both companies.
Tuesday brings earnings from Schnitzer Steel Industries (SCHN) - Get Schnitzer Steel Industries, Inc. Class A Report , and Cramer said this company's commentary on tariffs and potential trade wars will be important to listen to.
Next, on Wednesday, homebuilders KB Home (KBH) - Get KB Home Report and Lennar (LEN) - Get Lennar Corporation Class A Report report earnings. Cramer said these will likely both be good until the Federal Reserve finally raises interest rates high enough to matter.
On Thursday, we'll hear the latest industrial production numbers out of Europe, a good read on the global economy.
Finally, on Friday, earnings begin in earnest with the financials. Blackrock (BLK) - Get BlackRock, Inc. Report will likely see good inflows of new money, JPMorgan will be optimistic as always, PNC Financial (PNC) - Get PNC Financial Services Group, Inc. Report will likely offer an upside surprise and Wells Fargo (WFC) - Get Wells Fargo & Company Report will tell us their cross-selling issues are behind them. Cramer said all four are buys.
Cramer and the AAP note that the soft jobs number didn't derail the rally Friday. But 2018 is still young. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
Executive Decision: Constellation Brands
For his "Executive Decision" segment, Cramer checked back in with Rob Sands, president and CEO of Constellation Brands (STZ) - Get Constellation Brands, Inc. Class A Report , the beer and spirits maker that just posted an 11-cents-a-share earnings beat, but saw its share fall 2.6% after the announcement.
Sands explained that while beer sales remain strong, wine and spirits growth was muted, coming in at the low end of their guidance of between 5% and 7%. He expected the weakness to be temporary, however.
Sands also explained that Constellation is experimenting with the possibility of cannabis beers in Canada, but federal laws in the U.S. would need to change to allow it here. He noted that cannabis-friendly state laws are not enough and federal laws are what govern the company's operations.
With shares of Constellation up 42% last year, Cramer said he sees this quarter's weakness as a hiccup.
A Good Breakup Story
Investors should always love a good breakup story, Cramer told viewers. In the years since Marriott International (MAR) - Get Marriott International, Inc. (MAR) Report spun off Marriott Vacations (VAC) - Get Marriott Vacations Worldwide Corporation Report in 2011, shares have risen a stunning 394% and 740% respectively. That's why the announcement in August that Wyndham Worldwide (WYN) was planning a similar move later this year is so compelling.
Cramer said Marriott and Wyndham are not direct comparisons, but they are similar. Wyndham's hotel group consists of 20 brands with more than 180 locations and is very well run. Their timeshare business has over 2,200 locations, is also well run and growing like a weed.
The truth is that money managers like pure-play companies, so when they're looking for either hotels or vacation rentals, they turn to Marriott. But soon, they'll be able to turn to Wyndham's two companies as well and that will be great news for shareholders of both.
Over on Real Money, Cramer considers the 2018 outlook for last year's best stocks in the S&P 500. Get more on his insights with a free trial subscription to Real Money.
What's Ahead for 2017's Worst Stocks in the S&P 500?
With the new year just beginning, Cramer took one last look at last year's biggest winners and losers, this time looking at the 10 biggest losers in the S&P 500. Many were down horribly in 2017, but there are glimmers of hope for 2018.
Coming in at No. 10 was Foot Locker (FL) - Get Foot Locker, Inc. Report and with sales steadying Cramer said he'd be a buyer on weakness. Not so with No. 9, Signet Jewelers (SIG) - Get Signet Jewelers Limited Report , down 40% for the year.
No. 8, Advance Auto Parts (AAP) - Get Advance Auto Parts, Inc. Report , was intriguing, Cramer said, as was Mattel (MAT) - Get Mattel, Inc. Report at No. 6. Chesapeake Energy (CHK) - Get Chesapeake Energy Corporation Report came in between at No. 7, but Cramer said natural gas is just too plentiful.
Holding the number five spot was General Electric (GE) - Get General Electric Company (GE) Report , which Cramer talked about earlier in the week. He was not a fan of number four, Envision Healthcare (EVHC) .
South Carolina utility Scana (SCG) held the third spot, and after catching a takeover bid from Dominion Energy (D) - Get Dominion Energy Inc Report , Cramer said this stock brings hope that some of these other lagging stocks, like Mattel, can too.
Rounding out the list were Under Armour (UAA) - Get Under Armour, Inc. Class A Report , which Cramer felt could be bought on a pullback, and Range Resources (RRC) - Get Range Resources Corporation Report , another natural gas stock to be avoided.
In the Lightning Round, Cramer was bullish on B&G Foods (BGS) - Get B&G Foods, Inc. Report , Kinder Morgan (KMI) - Get Kinder Morgan Inc (KMI) Report , Magellan Midstream Partners (MMP) - Get Magellan Midstream Partners, L.P. Report , Royal Dutch Shell (RDS.A) , Chevron (CVX) - Get Chevron Corporation Report and Xilinx (XLNX) - Get Xilinx, Inc. (XLNX) Report .
Cramer was bearish on Apollo Commercial Real Estate (ARI) - Get Apollo Commercial Real Estate Finance, Inc. Report .
In his "No-Huddle Offense" segment, Cramer said that common sense has rarely made you money in the stock market. But in this market, it is working -- and investors should enjoy it while it lasts.
Indeed, stock picking has actually become fun again, and investors can simply read the news, buy a stock, and see it go higher. Blizzard in the Northeast? Buy Canada Goose (GOOS) - Get Canada Goose Holdings, Inc. Report and Home Depot (HD) - Get Home Depot, Inc. (HD) Report . Tesla (TSLA) - Get Tesla Inc Report miss projections again? Buy it anyway. This is certainly not rigorous research, but it's working, Cramer admitted.
Even the FANG stocks (Facebook (FB) - Get Facebook, Inc. Class A Report , Amazon (AMZN) - Get Amazon.com, Inc. Report , Netflix (NFLX) - Get Netflix, Inc. (NFLX) Report and Google parent Alphabet (GOOGL) - Get Alphabet Inc. Class A Report ) seem to have broken free of the law of large numbers, making them attractive seemingly indefinitely. That won't certainly be the case, Cramer said, but we can enjoy it for a little while.
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At the time of publication, Cramer's Action Alerts PLUS had a position in NVDA, JPM, AGN, GE MMP, FB, GOOGL.