Heading into next week, TheStreet's Jim Cramer has his eye on a number of events.

Specifically though, the co-manager of the Action Alerts PLUS portfolio will be watching to see how a few of his holdings do with earnings.

There's little worry over PepsiCo (PEP) - Get Report . The company will likely report a "solid quarter" when it releases its results on Thursday before the open, Cramer said from the floor of the New York Stock Exchange on Friday.

CEO Indra Nooyi continues to do a "remarkable" job, he reasoned, adding that the company doesn't have to take the M&A route because it already has a great collection of assets and brands.

Walgreens Boots Alliance (WBA) - Get Report also reports earnings next week, with the company scheduled to release its results on Wednesday before the open.

"All I care about with Walgreens is the closing of the Rite Aid (RAD) - Get Report deal," Cramer said. Investors have been growing impatient on the deal and want some updates. Either complete the deal or walk away, he reasoned. If Walgreens and Rite Aid can't get the deal done, Walgreens can use the money to buy back stock.

"Either way is better than limbo," Cramer concluded.

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At the time of publication, Cramer's Action Alerts PLUS had a long position in PEP and WBA.