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"Let's stay focused, people," Jim Cramer cautioned his Mad Money viewers Friday, as he called out those investors that took shares of Honeywell (HON) - Get Report down 10 points this morning -- before they did their homework. Honeywell trades on its growth, he reminded, which was forecast to be between 1% and 3%, up from a 3% decline last quarter. "Think before you take action," he said.

And continuing to next week's game plan: On Monday, Cramer said, he will be watching home builder Lennar (LEN) - Get Report and keeping an open mind about whether housing can flourish alongside rising mortgage rates.

On Tuesday, Cramer will be following Carmax (KMX) - Get Report , Carnival Cruise Lines (CCL) - Get Report and General Mills (GIS) - Get Report along with Nike (NKE) - Get Report , Darden Restaurants (DRI) - Get Report and FedEx (FDX) - Get Report . Cramer was bullish on Carmax, Carnival and FedEx, but said he'd wait and see what General Mills and Darden have to say. As for Nike, he said investors might want to use any weakness to buy Foot Locker (FL) - Get Report .

Wednesday brings earnings from Accenture (ACN) - Get Report and Paychex (PAYX) - Get Report , two more Cramer favs, along with Micron Technology (MU) - Get Report and Bed Bath & Beyond (BBBY) - Get Report . Cramer said he would stay away from only Bed Bath & Beyond.

Earnings begin to slow on Thursday, with just Rite-Aid (RAD) - Get Report and uniform supplier Cintas (CTAS) - Get Report reporting. Cramer was positive on both stocks.

Finally, on Friday it will be the latest new-home-sales data garnering Cramer's attention as he gauges how this important sector of the economy is fairing in a higher-growth, higher-interest-rate environment.

Real Money: Jim Cramer says the bulls need this breather.

Semiconductor Consolidation

The wave of consolidation in the semiconductor space is far from over, Cramer told viewers, as he donned his investment banking matchmaker hat to predict the next perfect marriage in the space. He said that the $21 billion maker of memory chips known as Micron Technology (MU) - Get Report would see huge positives from acquiring Advanced Micro Devices (AMD) - Get Report , makers of processors and high-end graphics chips.

After being in the doldrums last year, as PC sales slumped, this year shares of both companies have recovered, with Micron up 50% for the year and AMD roaring up 280%.

In the semiconductor world, diversification is king, Cramer explained, and diversification has been the driver behind just about all of the megamergers we've seen so far. In a market that tends to be boom or bust, diversifying offers protection and steady growth.

Micron is still largely a commodity maker of memory chips, Cramer noted, thus the acquisition of the faster-growing and proprietary chips of AMD would be a big win for both companies. Micron currently has $4.5 billion in cash, making a $10 billion deal with AMD a definite possibility.

Read more about which companies Cramer thinks will be the 10 Top Takeout Candidates of 2017.

Coming up in tonight's episode of Mad Money: Cramer explains why he thinks the market will deliver some holiday cheer next week. Plus, don't miss the Lightning Round. Which stocks is Cramer bullish on?

Holiday gift:Adobe (ADBE) - Get Report wraps up a gem for shareholders. Read what Cramer and Jack Mohr are telling their investment club members with a free subscription to Action Alerts PLUS.

Keep an Eye on Optical Networking

While the Trump rally has been fabulous for many sectors, it still pays to have a few stocks in your portfolio that are true secular growers. Fortunately, the optical networking stocks have been on fire, and there's one name that stands out as an opportunity.

Not familiar with optical networking? It's the fiber-optic cables and equipment that companies like Verizon (VZ) - Get Report need to build out faster networks. In the case of Verizon, the next big thing is 100 Gigabit networks, and the company will be spending $600 million building it.

That's why companies like Finisar (FNSR) - Get Report and Oclaro (OCLR) - Get Report are up 115% and 155% respectively. It's not just Verizon that's building bigger networks. It's happening in China and plenty of data center operators around the globe.

But among the group, Ciena (CIEN) - Get Report , stands out because it's only up 12.5% for the year and Cramer said that's the opportunity to grab. The company last reported a not-very-impressive quarter, but did give bullish enough guidance for 2017 that it deserves to play catch up.

One of the Best Companies You've Never Heard of

Looking for one of the best performing companies you've never heard of? Look no further than GTT Communications (GTT) - Get Report .

Cramer said that GTT helps businesses connect directly to the cloud by bypassing the temperamental Internet you use in favor of its own secure and reliable network. GTT is one of only a few global Tier 1 networks that can provide such access.

Unlike other carriers, GTT leases most of its infrastructure, which means it spends less than 3% of earnings on capital expenditures. Additionally, most of the company's revenues are recurring and subscription-based, which makes them predictable and reliable.

Shares of GTT trade at a lofty 97 times earnings when compared to, say, 13 times for Verizon. But Cramer said that when you factor in the company's 25% growth rate, investors are paying less than 25 times earnings in the out years for a fantastic company.

Lightning Round

In the Lightning Round, Cramer was bullish on Arconic (ARNC) - Get Report and Schlumberger (SLB) - Get Report .

Cramer was bearish on Alcoa (AA) - Get Report , MFA Financial (MFA) - Get Report , Noble Corp (NE) - Get Report and Mid-America Apartment Communities (MAA) - Get Report .

No-Huddle Offense

In his "No Huddle Offense" segment, Cramer said that while he doesn't think the market has the fundamental underpinnings to support the Dow Jones Industrial Average eclipsing 20,000, he can lay out a scenario that gets us there.

Among the Dow's most promising names to rally going into the end of the year are Walt Disney (DIS) - Get Report , DuPont (DD) - Get Report and Home Depot (HD) - Get Report , along with IBM (IBM) - Get Report  -- which could travel as much as 20 points higher.

Cramer could also make a case for a rally in UnitedHealth Group (UNH) - Get Report , Walmart (WMT) - Get Report and Microsoft (MSFT) - Get Report .

That said, it would be a stretch to see all of these names rally to the levels needed to hit Dow 20,000.

Action Alerts PLUS: Cramer and Mohr are trimming Occidental (OXY) - Get Report and recommending their investment club members buy Adobe (ADBE) - Get Report . Find out why with a free subscription.

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 positions in OXY, ADBE, ARNC and SLB.