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Portions of Mad Money were preempted by President Obama's Friday news conference from the nuclear summit.
Now that the Federal Reserve has taken itself out of the equation for awhile, Jim Cramer told his Mad Money viewers Friday it's once again safe to invest in high-quality stocks and be a buyer on market-induced weakness.
For example, Cramer said investors who've done their homework could have used the initial weakness after Friday's nonfarm payroll report to buy some Home Depot (HD) - Get Report , AMN Healthcare (AHS) or Sysco (SYY) - Get Report , all of which will be heading higher as our economy improves.
Then, on Tuesday, Cramer said to keep an eye on the analyst meetings at Nvidia (NVDA) - Get Report and First Solar (FSLR) - Get Report , along with earnings from Darden Restuarants (DRI) - Get Report and Walgreen Boots Alliance (WBA) - Get Report , a stock Cramer owns for his charitable trust, Action Alerts PLUS.
Next, on Thursday, it's earnings from ConAgra Foods (CAG) - Get Report , Carmax (KMX) - Get Report and Rite Aid (RAD) - Get Report . Cramer said he's cautious on ConAgra and Carmax but is more bullish on Rite Aid.
In his "Homework" segment, Cramer followed up on some of the stocks that stumped him during earlier shows. He said LPL Financial (LPLA) - Get Report , a stock that's down 41% for the year, is not an appealing story, even with shares trading less than 10 times earnings with a 4% yield.
Cramer said that 2U (TWOU) - Get Report , a cloud software provider for colleges, seems appealing with 36% revenue growth. But 2U is still far from profitable and Cramer said he cannot bless it until the market once again has an appetite for growth stocks.
Alarm.com (ALRM) - Get Report was next on Cramer's list. He said this Internet of Things company was a previous buy recommendation, but with shares now trading for 45 times earnings, he's taking a pass until shares pull back to more reasonable levels.
Finally, Cramer said that RingCentral (RNG) - Get Report , a business communications company, seems cheap now that shares are down 32% for the year, but with increased competition from AT&T (T) - Get Report , he's sticking with his favorite cloud companies, Salesforce.com (CRM) - Get Report and Adobe Systems (ADBE) - Get Report .
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At the time of publication, Cramer's Action Alerts PLUS had a position in WBA.