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NEW YORK ( TheStreet) -- Today's weaker-than-expected  jobs report was a head scratcher, Jim Cramer admitted to his Mad Money TV show viewers Friday. With so much of the economy signaling things are getting better and not worse, Cramer said he's willing to overlook today's report and keep looking for bargains.

That's why on Monday, Cramer said he'll be paying close attention to the Alibaba roadshow. He said this hotly anticipated IPO will be great news for Yahoo! (YHOO) .

Tuesday brings the hotly anticipated event from Apple (AAPL - Get Report) , a stock Cramer owns for his charitable trust, Action Alerts PLUS. He said this event has lost much of its surprise, so he wouldn't be surprised to see shares slide on any announcements. He told viewers to just own Apple and not try to game the event. Also on Tuesday, Palo Alto Networks (PANW - Get Report) , a company Cramer expects to have a strong quarter.

Next, on Wednesday, it's Restoration Hardware (RH - Get Report) reporting. Cramer said this stock could be tricky but he's bullish over the long term.

Then, on Thursday, it's supermarket Kroger (KR - Get Report) and Lululemon Athletica (LULU - Get Report) reporting. Cramer was bullish on Kroger but says to avoid Lulu and pick up some Deckers Brands (DECK) as a way to play the yoga movement.

Finally, on Friday, it's Darden Restaurants (DRI - Get Report) in the spotlight. Cramer said he likes the company's new team and new focus but this quarter's earnings could include fireworks.

Cramer's Fantasy Team: Defense and Kickers

For the final installment for his "Fantasy Stock Portfolio," Cramer offered some defensive names to help defend your portfolio from bad news and some kickers to round out your diversification.

Cramer said HCA Holdings (HCA - Get Report) , our country's largest hospital provider, makes the cut for defense because this company is getting more patients from the Affordable Care Act and does well regardless of the economy.

For kickers, Cramer had three faves: WhiteWave Foods (WWAV) , an organic food company with 85% of its sales right here in the U.S.; Hain Celestial (HAIN - Get Report) , a consistent yet growing organic food maker; and Chipotle Mexican Grill (CMG - Get Report) , hands down the best organic restaurant chain.

Cramer said adding any of these names with be a solid addition to your fantasy, or real life, portfolio.

Speculation Friday

Cramer said that the upcoming IPO of Alibaba could be a huge win for investors if they can get in on the deal. Alibaba is a Chinese combination of Amazon.com (AMZN - Get Report) and eBay (EBAY - Get Report) and is already larger than both companies combined. It's still growing like a weed with 50% gross margins. The IPO, set to be the largest ever, will also be a boon for Yahoo!, which has a stake in the company.

Cramer said he's also a fan of VipShop Holdings (VIPS - Get Report) , another Chinese Internet stock, which went public in 2012. Like Alibaba, VipShop is also growing like a weed -- its stock is up 145% so far this year.

Am I Diversified?

In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets.

The first portfolio included CVS Health (CVS - Get Report) , Cemex (CX - Get Report) , Phillip Morris ( PMI) , Gilead Sciences (GILD - Get Report) and America Eagle Outfitters (AEO - Get Report) .

Cramer said he'd bless this portfolio as properly diversified.

The second portfolio's top holdings included New York Mortgage Trust (NYMT - Get Report) , American Capital Agency (AGNC - Get Report) , ARMOUR Residential REIT (ARR - Get Report) , Windstream (WIN) and Capstead Mortgage (CMO - Get Report) .

Cramer identified four-of-a-kind, excluding Windstream, and said he doesn't trust the yield with any of these names. He recommended selling everything and starting over with companies you can trust.

The third portfolio had Apple, eBay, Southwest Airlines (LUV - Get Report) , Facebook (FB - Get Report) and Salesforce.com (CRM - Get Report) as its top five stocks.

Cramer suggesting selling eBay and Salesforce and adding oil names like Royal Dutch Shell (RDS.A) and Kinder Morgan (KMI - Get Report) .

Lightning Round

In the Lightning Round, Cramer was bullish on Freeport-McMoRan (FCX - Get Report) , Take-Two Interactive (TTWO - Get Report) , Ensco International (ESV) , Parsley Energy (PE - Get Report) and BioDelivery Sciences (BDSI - Get Report) .

Cramer was bearish on Tekmira Pharmaceuticals (TKMR) and Activision Blizzard (ATVI - Get Report) .

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said there's a real issue looming over the markets and it's growing by the day. It's not Russia or unrest in the Middle East -- it's the litany of upcoming initial public offerings.

Cramer said he's worried about where all the money is going to come from to fund the huge Alibaba IPO, and afterwards the IPOs of AirBNB, Dropbox, Uber and countless others. Mutual funds don't have unlimited cash, he said, and that means they must sell existing stocks in order to buy into new ones.

We saw this phenomenon in March, Cramer recalled. Supply outpaced demand, sending great stocks sharply lower.

This problem is not being talked about but it should be on investors' radars, Cramer concluded.

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

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-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

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At the time of publication, Cramer's Action Alerts PLUS had a position in ESV, FB, KMI, RDS.A and YHOO.