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A booming economy produces more winners than losers, Jim Cramer reminded his Mad Money viewers Friday, and after today's employment numbers, we again see that things are booming.

Cramer said that unlike fleeting fears over Italy or tariffs, the job growth numbers can set the stage for the next several weeks of investing.

That's why Cramer's game plan for next week started off with Palo Alto Networks (PANW) - Get Free Report , the cybersecurity company that's likely to keep on sailing, given strong long-term themes.

Next, on Tuesday, Cramer will be looking for positive news from Ollie's Bargain Outlet (OLLI) - Get Free Report , the discount retailer that can't add stores fast enough to meet consumer demand.

Wednesday brings earnings from another of Cramer's retail favorites, Five Below (FIVE) - Get Free Report , along with Signet Jewelers (SIG) - Get Free Report , which Cramer said is turning itself around.

Cramer was cautious on Brown Forman (BF.B) - Get Free Report , which could be in the crosshairs of a trade war, and Thor Industries (THO) - Get Free Report , which is battling rising inventories and gas prices.

The markets should receive more bullish news from Broadcom (AVGO) - Get Free Report on Thursday, as this company's aggressive buy-back program is snapping up 10% of its outstanding shares.

Finally, Cramer said, he'll be watch for the German industrial production numbers on Friday. Why? He said because if the number is weak, then the Germans may be forced to negotiate with President Trump over trade, a move that the markets would view positively.

Cramer and the AAP are pruning their position in Constellation (STZ) - Get Free Report . 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.

Over on Real Money, Cramer says only a real sourpuss would pan this Costco (COST) - Get Free Report quarter but we have hundreds of institutional sourpusses running money these days. Get more of his insights with a free trial subscription to Real Money.

When Good News Is Good News 

What does a perfect economy look like? Cramer told viewers that it looks a lot like this one, with fabulous job growth and little to no inflation.

For years now, investors have been told that "good news is bad news," because if the economy heats up too quickly, the Federal Reserve will aggressively raise interest rates and the party will come to an abrupt end. But that's not the case with this economy, Cramer noted, as we're not seeing inflation.

There are a lot of things to like about our current situation, Cramer added, and many sectors are participating, including manufacturing, machinery and transportation. The only weak sector has been healthcare. That's great news on many fronts, as more people can find jobs, there's more consumer spending, college students can crawl out from under their debts and even the Federal deficit can be reduced.

A strong economy is why Cramer said he's not too worried about tariffs or trade wars. Our economy is strong enough to withstand retaliation, he said, and it gives us more leverage over our trading partners.

Cloud Rulers

When times are good, you need to stick with what's working, Cramer told viewers, and that includes cloud computing, where we just saw another round of spectacular earnings. Companies like Adobe Systems (ADBE) - Get Free Report are up 43% for the year, while ServiceNow (NOW) - Get Free Report , Splunk (SPLK) - Get Free Report and Workday (WDAY) - Get Free Report are up 39%, 37% and 34% respectively.

But there is one smaller cloud play that Cramer said might not be a "cloud king," but is certainly on it's way to becoming a cloud prince, and that's Coupa Software (COUP) - Get Free Report , up 21% in just the past three months.

Cramer said there's a lot to like about Coupa, as it's a small company with lots of growth and potential, but there's also one big downside, valuation. Coupa doesn't have any earnings, and trades at 13 times this year's sales or 11 times next year's. That's a stretch for even a hot stock like Coupa.

Cramer cautioned that the company reports next week and has run up going into earnings, which makes it worrisome in the short term. It's a lot easier for this stock to go lower, he cautioned, even if he likes the long-term story.

Cramer Does His Homework 

In his "Homework" segment, Cramer followed up on a few stocks that had stumped him during earlier shows.

He said that Casa Systems (CASA) - Get Free Report is an innovative company in the 5G wireless space, but the stock has been on a roller coaster after the company did a secondary offering. Cramer said he likes the story but has no catalyst to buy in the short term.

Cramer said that Health Equity (HQY) - Get Free Report is a leader in managing health savings accounts online, but this stock is also too pricey, trading at 72 times earnings.

Finally, Cramer looked at software developer, EPAM Systems (EPAM) - Get Free Report , a stock which he said is very much worth owning.

Am I Diversified?

In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets.

The first portfolio included Amazon (AMZN) - Get Free Report , Alibaba (BABA) - Get Free Report , Intel (INTC) - Get Free Report , Facebook (FB) - Get Free Report and Microsoft (MSFT) - Get Free Report .

Cramer said this portfolio had five fabulous companies, but no diversification whatsoever. He suggested replacing Facebook and Intel with Honeywell (HON) - Get Free Report and UnitedHealth Group (UNH) - Get Free Report .

The second portfolio's top holdings included Alibaba, Johnson & Johnson (JNJ) - Get Free Report , Pepsico (PEP) - Get Free Report , Home Depot (HD) - Get Free Report and Amgen (AMGN) - Get Free Report .

Cramer said this portfolio needed to swap Amgen for an industrial like United Technologies (UTX) - Get Free Report in order to be diversified.

The third portfolio had Abbvie (ABBV) - Get Free Report , Paypal (PYPL) - Get Free Report , Boeing (BA) - Get Free Report , Dominion Energy (D) - Get Free Report and Annaly (NLY) - Get Free Report  as its top five stocks.

Cramer said he's not a fan of Abbvie or Annaly, but with minor changes this portfolio is properly diversified.

Lightning Round

In the Lightning Round, Cramer was bullish on Copart (CPRT) - Get Free Report , Mazor Robotics (MZOR) - Get Free Report , WestRock (WRK) - Get Free Report , Yext (YEXT) - Get Free Report , STMicroelectronics (STM) - Get Free Report , Cognizant Technology (CTSH) - Get Free Report , Accenture (ACN) - Get Free Report and General Electric (GE) - Get Free Report .

Cramer was bearish on Celgene (CELG) - Get Free Report , Dollar Tree (DLTR) - Get Free Report , Chico's (CHS) - Get Free Report , Campbell Soup (CPB) - Get Free Report and Packaging Corp of America (PKG) - Get Free Report

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At the time of publication, Cramer's Action Alerts PLUS had a position in STZ, WRK, AMZN, FB, MSFT, HON, UNH, PEP, PYPL.