Recession junkies, you may need to take a chill pill.

As Wall Street kicks off a new week of trading, markets remain at or near all-time highs.

But this week, earnings season kicks off in earnest with reports expected from JPMorgan (JPM - Get Report) , Wells Fargo (WFC - Get Report) , Netflix (NFLX - Get Report) , Johnson & Johnson (JNJ - Get Report) , Microsoft (MSFT - Get Report) and more.

Pundits across the line have saying earnings season could signal the beginning of the end of the bull market with low expectations expected among the most popular stocks.

But will disappointing earnings be enough to drag down this market? TheStreet founder and Action Alerts PLUS portfolio manager Jim Cramer isn't so sure.

Here's the advice he's giving viewers.

"I think that what you have to do if you listen to the conference call and you believe that the company has economic sensitivity or is in that sweet spot like a McDonald's or Nike--you'll be just fine. Stay away from the bad guys like a 3M. Where you know, structurally, they're bad. United Technologies, until they get their deal done, has got a cap on it. But I do think that what we're going to end up is, if it's bad, people are going to say the Federal [Reserve] will bail them out," said Cramer.

Related. Jim Cramer: Don't Expect Disappointing Earnings to Push Markets Down

More from Cramer Today

Full Replay: Jim Cramer on Earnings Season, China and Amazon Prime Day

Jim Cramer: What China's Slowing Growth Means for the U.S.-China Trade Deal

Jim Cramer: What to Do With Amazon Now That Prime Day's Here

Amazon's Taking a Celebrity Twist on Prime Day