Earnings have been the secret powering the markets, and Jim Cramer told his Mad Money viewers Friday that the trend will continue into next week as well.
Cramer's game plan starts on Monday, when he'll be watching for the latest from Washington on taxes and the latest CPI numbers out of Europe. He reminded viewers that strong inflation will spark Europe to raise interest rates, which in turn will help U.S. rates and ultimately, the banks.
On Tuesday, the earnings parade begins with Carnival Corp. (CCL) - Get Carnival Corporation Report , Darden Restaurants (DRI) - Get Darden Restaurants, Inc. Report , FedEx (FDX) - Get FedEx Corporation Report , Micron Technology (MU) - Get Micron Technology, Inc. (MU) Report and RedHat (RHT) - Get Red Hat, Inc. Report . Cramer was bullish on Carnival, Darden and FedEx, but said Micron could be tough to gauge. If the company keeps its forecasts, look for a rally in the semiconductor group. Likewise with RedHat -- strong results will send all of the cloud stocks higher.
Next, on Wednesday, it's General Mills (GIS) - Get General Mills, Inc. (GIS) Report , where Cramer told viewers to lighten their positions, and Bed Bath & Beyond (BBBY) - Get Bed Bath & Beyond Inc. Report , which is among the most inconsistent of retailers.
Thursday sees more earnings, this time from Accenture (ACN) - Get Accenture Plc Class A Report , CarMax (KMX) - Get CarMax, Inc. Report and ConAgra Foods (CAG) - Get Conagra Brands, Inc. Report . Cramer was bullish on all three. We also see reports from Finish Line (FINL) , which will shed light on Nike (NKE) - Get NIKE, Inc. (NKE) Report , which reports later in the day. Finally, there's uniform supplier Cintas (CTAS) - Get Cintas Corporation Report and Cramer expects a blowout.
On Friday, ahead of the holiday, we get a break from major earnings reports.
Over on Real Money, Cramer says Janet Yellen's transparency has been good for markets. Get more on Cramer's insights with a free trial subscription to Real Money.
Executive Decision: Atlassian
For his "Executive Decision" segment, Cramer spoke with Mike Cannon-Brookes, co-CEO of Atlassian (TEAM) - Get Atlassian Corp. Plc Class A Report , the team collaboration software provider that had a dud of an IPO in 2015, but has since rallied more than 77% so far this year.
Cannon-Brookes explained that Atlassian helps teams communicate and collaborate, both with their departments and across departments, with a family of different products for different applications.
In the software world, Atlassian is best known for JIRA and BitBucket, which helps programming and software development teams. The company has also partnered with Salesforce.com (CRM) - Get salesforce.com, inc. Report , plugging their systems into Salesforce's customer relationship software.
Cannon-Brookes is also known for a recent $50,000 bet with Tesla (TSLA) - Get Tesla Inc Report CEO and fellow Australian, Elon Musk. When power problems in Southern Australia seemed unsolvable, Cannon-Brookes offered Musk $50,000 if he could fix. Musk delivered, installing the world's largest battery system in under 100 days.
Cramer and the AAP team take a close look at new economic data, including industrial production and inflationary trends. 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.
Read more about 14 of Jim Cramer's Action Alerts Plus core holdings, including Citigroup (C) - Get Citigroup Inc. Report , Apple (AAPL) - Get Apple Inc. (AAPL) Report and DowDuPont undefined .
Winter Is Here
Winter is finally here, and with the promise of cold weather ahead, Cramer looked at two winter apparel makers, Columbia Sportswear (COLM) - Get Columbia Sportswear Company Report and Canada Goose (GOOS) - Get Canada Goose Holdings, Inc. Report .
Shares of Columbia had been struggling along with the retailers it sells into, thanks in part to two warm winters in a row. The company has since turned itself around, rising from the mid-$50s to over $70 today. When it last reported, the company saw strong top and bottom line numbers. Shares currently trade for just 23 times earnings.
Shares of Canada Goose are up over 64% since Cramer recommended the company in March. The luxury apparel maker continues to expand, with accelerating sales and brand awareness. It also raised its full-year estimates when it last reported. Shares of Goose are not inexpensive however, trading as 62 times 2018 earnings and 38 times 2020 estimates.
Cramer said he's still a fan of Columbia, but would take some profits in Goose, letting the rest ride, as this brand seems to have more room to run.
Executive Decision: Centene
In his second "Executive Decision" segment, Cramer sat back down with Michael Neidorff, chairman, president and CEO of Centene (CNC) - Get Centene Corporation Report , to discuss the current state of healthcare in America.
Neidorff said that Centene had a successful year with Obamacare this year, despite efforts by Washington to curtail them. He said their direct enrollments worked well and re-enrollments were also strong.
Neidorff called the recent disruption in Washington state enrollments a "tempest in a teapot," as the entire dispute lasted a total of eight hours before it was resolved.
When asked about the overall state of healthcare, Neidorff said that sadly, the debate has shifted from policy to politics, which has led Centene to deal with the facts as they have them today. It's impossible to plan in the current environment, he said.
Neidorff said his company's acquisition of Fidelis is going according to plan and he expects the deal to close on April 1.
Cramer said the weakness in Centene's stock was a gift for investors.
In the Lightning Round, Cramer was bullish on PayPal (PYPL) - Get PayPal Holdings Inc Report , Skyworks Solutions (SWKS) - Get Skyworks Solutions, Inc. Report and Cisco Systems (CSCO) - Get Cisco Systems, Inc. Report .
Cramer was bearish on Eagle Pharmaceuticals (EGRX) - Get Eagle Pharmaceuticals, Inc. Report , Frontier Communications (FTR) - Get Frontier Communications Corporation Class B Report and CenturyLink (CTL) - Get CenturyLink, Inc. Report .
In another installment of his "Fireside Chat" segment, Cramer took calls from viewers to learn what's on the minds of Cramericans.
The first caller asked whether large-cap or mid-cap stocks will benefit more from the proposed tax cuts. Cramer said that mid-caps tend to be more domestic, making them the biggest winners.
The second caller asked about three stocks in his portfolio, Applied Materials (AMAT) - Get Applied Materials, Inc. Report , Alibaba (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report and Blackstone Group (BX) - Get Blackstone Group Inc. Class A Report . Cramer said he liked all three and wouldn't change a thing.
Finally, the last caller asked about the outlook for bonds. Cramer said he wants to see the Federal Reserve begin dumping its bond portfolio and for Europe to raise interest rates so U.S. bonds can begin to lift and help our banks.
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At the time of publication, Cramer's Action Alerts PLUS had a position in C, AAPL, DWDP.