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We've had an amazing earnings season so far, Jim Cramer told his Mad Money viewers Friday, and it's going to continue this week.

Cramer's game plan starts on Monday, with earnings from Broadcomundefined , a stock he said could get hurt after it reports, which is why he prefers Cypress Semiconductors (CY) - Get Free Report . Also on Monday, new home sales, which, if strong, would make Lennar (PEN) - Get Free Report a buy.

Tuesday brings earnings from Apple (AAPL) - Get Free Report , a stock Cramer owns for his charitable trust, Action Alerts PLUS, along with Merck (MRK) - Get Free Report , Pfizer (PFE) - Get Free Report and Bristol-Myers Squibb (BMY) - Get Free Report . Strong earnings there would make Eli Lilly (LLY) - Get Free Report a buy.

Next, on Wednesday, it's Walgreens Boots Alliance (WBA) - Get Free Report , another AAP holding, General Dynamics (GD) - Get Free Report and GoPro (GPRO) - Get Free Report reporting. Cramer said to listen to Walgreens, buy General Dynamics and stay away from GoPro, a stock that's down 53% for the year.

Then, on Thursday, it's Amerisource Bergen (ABC) - Get Free Report and McKesson (MCK) - Get Free Report offering a read on the state of health care, along with Starbucks (SBUX) - Get Free Report , yet another Action Alerts PLUS holding, and Electronic Arts (EA) - Get Free Report reporting. Cramer endorsed both Starbucks and Electronic Arts.

Finally, on Friday, Chevron (CVX) - Get Free Report will have Cramer's eye, along with Anheuser-Busch InBev (BUD) - Get Free Report . Cramer said he expects Chevron to be weak and prefers Constellation Brands (STZ) - Get Free Report over Bud.

Executive Decision: David Weinberg

For his "Executive Decision" segment, Cramer spoke with David Weinberg, CFO and COO of Skechers USA (SKX) - Get Free Report , a stock that had been up over 150% for the year before reporting disappointing results that sent shares plunging 31.4% in a single day.

Weinberg characterized Friday's huge decline as an overreaction. He said business is still good domestically as well as in Europe, China and some new markets in South America.

So why the increase in inventory this quarter? Weinberg said it was a timing issue. Back to school shopping got off to a late start and retailers were reluctant to take on new inventory in September, opting for October delivery instead.

"These retailers will take this inventory," Weinberg explained, and it will be taken at full price. The company's new products continue to see strong demand, he concluded.

Cramer called the weakness Friday a buying opportunity.

Timing Is Everything

It's time to curb your enthusiasm when it comes to Alphabet (GOOGL) - Get Free Report , (AMZN) - Get Free Report and Microsoft (MSFT) - Get Free Report , three stocks that soared 5.6%, 6.2% and 10.4% respectively after all three reported legendary quarters.

For the company once known as Google, an Action Alerts PLUS holding, the quarter was all about finally figuring out YouTube, Cramer said. For Amazon, the action was all in its Web services arm, which saw revenue rise 78% year over year. Meanwhile, for Microsoft, there was excitement in the company's cloud services, Windows 10 and gaming.

Cramer said all of these spectacular results were testament to American ingenuity and financial discipline. That said, all of these stocks were also heavily shorted, which means investors must now wait for a pullback before buying in for the next quarter.

Off the Tape

In his "Off the Tape" segment, Cramer sat down with Kurt Graves, president and CEO of the privately held Intarcia Therapeutics, a company aiming to revolutionize the treatment of Type 2 diabetes with a small implantable device that provides patients with a steady dose of the insulin they need all year long.

Graves demonstrated the implant procedure on the company's training device, a dummy named Buddy, and in the course of 30 seconds implanted a tiny two-inch rod just under the skin of Buddy's abdomen. That rod contains a nano-pump that will provide daily doses for up to a year, something patients prefer over daily pills or injections.

Graves said that in addition to treatment for diabetes, Intarcia is working on a pipeline of once-a-year medications.

Lightning Round

In the Lightning Round, Cramer was bullish on Intel (INTC) - Get Free Report , McCormick (MKC) - Get Free Report , Brunswick (BC) - Get Free Report , UIL Holdings (UIL) and American Electric Power (AEP) - Get Free Report .

Cramer was bearish on Alexion Pharmaceuticals (ALXN) - Get Free Report , Nvidia (NVDA) - Get Free Report and AmSurg (AMSG) .

No Huddle Offense

In his "No Huddle Offense" segment, Cramer reminded viewers that this market overreacts to just about everything. That's why when VF Corp (VFC) - Get Free Report mentioned a "shopping slowdown" on its conference call, investors sold off every retail stock they could find, sending VF down over 12.9% by the end of the day.

The retail sector is now in the penalty box, Cramer concluded. Investors will need to steer clear for a few weeks until the dust settles.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, GOOGL, SBUX and WBA.