Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

NEW YORK (TheStreet) -- The drama in Greece is far from over, so investors must remain cautious, Jim Cramer told his Mad Money viewers on Friday. At some point this "financial hostage crisis" will end, he said, but that doesn’t mean it will have a positive impact on stocks, he said.

That's why his game plan begins Monday, when he’ll be watching European stocks to see how the current drama will impact U.S. stocks. Cramer is also watching Sonic (SONC), which reports earnings after the close. “I expect Sonic to report a solid quarter,” he said, praising the company’s buyback program.

Durable goods data will be released on Tuesday. If there’s a Greek deal and the data are good, there could be a selloff in stocks as investors speculate on a potential rate hike. Carnival (CCL) and Darden Restaurants (DRI) also report earnings. Cramer said Darden appears to be turning the corner in its turnaround efforts.

On Wednesday Lennar (LEN) reports earnings, and Cramer expects the homebuilder to follow in the footsteps of KB Home (KBH), which reported bullish results on Friday.

Accenture (ACN) reports earnings on Thursday and has been very consistent. Look for more of the same, Cramer said. Nike (NKE) also reports earnings. After hitting a new all-time high, investors who are not long the stock should wait for a pullback before getting long, despite the impressive growth. Micron (MU) reports as well, and the stock may be near a bottom, Cramer said.

Finally, on Friday, Finish Line (FINL) reports earnings. Last quarter’s results were weak, but don’t expect that this time, Cramer said. However, he’s more bullish on Nike, Under Armour (UA) and Foot Locker (FL).

Cramer on Fitbit

Cramer turned his attention to Fitbit (FIT), which he called, “one of the hottest IPOs of the year.” After surging 50% in its first day of trading, the stock tacked on another 9.5% on Friday. Despite the big rally, Cramer says the stock is still worth buying

Why? Because Fitbit has unbelievable growth and is already profitable, which is a big deal for a newly public company.

Last year, revenue surged 175%, as the company sold 10.9 million devices. While this is impressive, the first quarter of 2015 was even stronger, with revenue growth in excess of 200%, while earnings grew nearly 450%. Margins also expanded, Cramer said.

While competition from companies like Apple (AAPL), a holding in Cramer's charitable trust, Action Alerts PLUS, could negatively impact Fitbit, it doesn’t seem likely since the target market is so different, he explained.

The valuation is attractive, too. GoPro (GPRO) and Under Armour (UA) both have slower growth rates, yet have higher valuations that Fitbit. If Fitbit traded with the same valuation as Under Armour, it would be $72. While Cramer doesn’t think it will go that high, he called Fitbit “one of the cheapest growth stocks I’ve ever seen.”

“This a real company with real earnings,” Cramer said, and despite the big rally the stock is still a bargain.

China Conundrum

China is starting to become worrisome and the issues aren’t easy to understand, Cramer said.

First, the bad news. Hershey  (HSY) issued a disappointing earnings report, citing weak consumption in China. Wells Fargo (WFC) released a report on Macau gambling, which looks to be hitting a four year low. This will weigh on casino stocks like MGM Resorts International (MGM), Wynn Resorts (WYNN) and Las Vegas Sands (LVS), he explained.

Then there’s Diageo (DEO), which has also shown a slowdown in sales of its top liquor brands in China. Watches and jewelry are also hurting, and the Chinese stock market has dropped significantly, Cramer pointed out.

So what is going on? Cramer explained the recent crackdown on government corruption and conspicuous consumption is hurting the economy and is weighing on sales for these companies. 

While these results may outline the bearish case on China, companies like Apple, Starbucks (SBUX), another AAP holding, and Yum! Brands (YUM) continue to do well. Alibaba (BABA) also had strong results in its latest report, he said.

Even Nordic American Tankers (NAT), a company highly dependent on Chinese growth, has been doing phenomenal.

China has become an enormous conundrum and it’s nearly impossible to figure out amid all the conflicting data. For now, investors should fight the temptation to be too bullish on this nation until there is more clarity, Cramer said.

Executive Decision: Alex Molinaroli

In the “Executive Decision” segment, Cramer sat down with Alex Molinaroli, the CEO of Johnson Controls ( JCI). The company makes components for automobiles, has a strong battery business and is also exposed to the residential and non-residential construction market.

Too many investors only look at the company as an auto parts juggernaut, Molinaroli said. Instead, they should consider how many other businesses the company has.

For instance, one-third of all car batteries in the world are made by Johnson Controls, yet most investors don’t think twice about the company as an energy storage play. The non-residential construction market has also been paying off very nicely, as the economy continues to improve.

Much of the recent focus has been on the company’s decision to spin off its automotive seating business, which is ranked number one when it comes to global market share. Molinaroli said the spinoff is an operational move in an effort to create value.

He explained that the move shouldn’t be viewed as a market timer, that is to say, that Johnson Controls doesn’t feel the auto market is topping out. Instead, management simply feels this is the right time to make its move.

He’s also very bullish on the Chinese auto market, where Johnson Controls is also the number one auto seat manufacturer. It’s a coveted position, Molinaroli said.

Cramer said the company’s decision to spin off the seating business is very important and is still being undervalued by investors. He advised buying the stock, even as soon as Monday.

Lightning Round

In Friday’s Lightning Round, Cramer was bullish on Fiesta Restaurant Group (FRGI) and Kratos Defense & Security Solutions (KTOS).

Sports Town

In a special interview, Cramer sat down with George Bodenheimer, the former president of ESPN and author of Every Town Is a Sports Town.

Bodenheimer started off at ESPN -- which is now owned by Disney ( DIS) -- working in the mail room. As he approached mom and pop cable operators around the U.S. in an attempt to sell the company’s 24-hour sports coverage channel, he realized every town really is a sports town.

People love sports and ESPN continues to be an influential force in the arena, said Bodenheimer, who left the company in May.

ESPN has also helped to fuel the fantasy sports world, which continues to grow each year, he added. Fantasy sports are great, because it drives further sports engagement with the fans.

Finally, despite the growing number of ESPN channels, Bodenheimer said the market hasn’t become oversaturated yet. The reasoning is simple: Every town is a sports town.

Bodenheimer plans to donate all of the royalties from his new book to the cancer research group, the V Foundation.

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

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

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

If you liked this article you might like

Companies That Could Use the Luck o' the Irish

Companies That Could Use the Luck o' the Irish

Fitbit Doubles Down on Smartwatches With Two New Products

Fitbit Doubles Down on Smartwatches With Two New Products

Can Fitbit Straighten Itself Out?

Can Fitbit Straighten Itself Out?

Dow Drops 299 Points as Powell Says Fed to Stick With Gradual Rate Increases

Dow Drops 299 Points as Powell Says Fed to Stick With Gradual Rate Increases

Comcast Bids for Sky and 4 Other Business Stories You Must Know Tuesday

Comcast Bids for Sky and 4 Other Business Stories You Must Know Tuesday