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With a slightly less brutal backdrop for the stock market, earnings can once again take center stage this week, Jim Cramer told his Mad Money viewers Friday, as he laid out his game plan for the week's trading.
Cramer said that on Monday he'll be listening to Allergan (AGN - Get Report) , a stock which he owns for his charitable trust, Action Alerts PLUS, to see if the drug giant has a plan to get out of the political limelight and return to growth. Cramer also expects good things from Fitbit (FIT - Get Report) when it reports Monday, although he admitted that thus far he's been too bullish on the company.
Wednesday brings an earnings report from Home Depot's rival Lowe's (LOW - Get Report) , as well as earnings from Salesforce.com (CRM - Get Report) . Cramer recommends Salesforce -- which is well off its $82 highs -- but said he's not a fan of Lowe's.
Thursday brings more retail earnings with Sears Holdings (SHLD) and Kohl's (KSS - Get Report) , along with Domino's Pizza (DPZ - Get Report) and Palo Alto Networks (PANW - Get Report) . Cramer was bullish on all of these names aside from Sears, where he saw "only more pain ahead."
Executive Decision: Todd Teske
For his "Executive Decision" segment, Cramer spoke with Todd Teske, president and CEO of small engine maker Briggs & Stratton (BGG - Get Report) , a stock that is up 25% so far in 2016, but still trades at just 13 times earnings, despite delivering a 16-cent-a-share earnings beat. Shares of Briggs currently sport a 2.5% yield.
Teske said much of the earnings performance you see from Briggs & Stratton stems from strong execution and reduced costs. He said his company is also diversifying its geographic base and now derives about 70% of sales domestically.
When asked about the upcoming spring selling season, Teske said the company is optimistic but remains cautious given the many variables in the economy.
As for innovation, Teske said that he's very excited about the company's pipeline of upcoming products. He touted a new power technology that is 66% quieter than traditional engines, along with other innovations that make starting lawnmowers easier and allow them to take up less space in your garage.
Cramer remained a big fan of Briggs & Stratton.
Not every stock that has fallen way off its highs is cheap, Cramer reminded viewers, as he took a closer look into the rise and fall of Lions Gate Entertainment (LGF) , a stock that soared 97% in 2012 and 93% in 2013, only to plateau in 2014 and 2015 before plummeting over 40% so far this year.
Cramer explained that Lionsgate was once a stock market darling, catapulting on the success of its Hunger Games franchise along with a number of successful TV shows. But after the final Hunger Games film began to disappoint, investors saw little else to replace the blockbuster revenue and headed for the exits.
While Lions Gate still has a lot to look forward to, Cramer said that the company is just not a growth stock right now. He said he can't justify even a valuation of 14 times earnings when compared to Disney (DIS - Get Report) , which does show growth, but trades at just 15 times earnings.
In his "Homework" segment, Cramer followed up on a few stocks that stumped him during earlier shows. He said that development-stage biotech Ardelyx (ARDX - Get Report) is speculative, but would be attractive under $9 a share.
Cramer was also bullish on Novocure (NVCR - Get Report) , which is developing cancer treatments. He noted, though, that the market just doesn't like biotech at the moment; more pain is likely ahead for this stock.
When asked about Amira Nature Foods (ANFI) , Cramer said he has no confidence to recommend this stock after the company's recent accounting issues. He was equally unimpressed with Himax Technologies (HIMX - Get Report) , the Taiwanese chipmaker.
In the Lightning Round, Cramer was bullish on UnitedHealth (UNH - Get Report) , FedEx (FDX - Get Report) , Owens Illinois (OI - Get Report) , Dollar General (DG - Get Report) , Dollar Tree (DLTR - Get Report) , MGM Resorts (MGM - Get Report) , United Parcel Service (UPS - Get Report) and Cypress Semiconductor (CY - Get Report) .
No Huddle Offense
In his "No Huddle Offense" segment, Cramer said sometimes all you need to do is listen. That was certainly the case with John Deere's (DE - Get Report) big selloff Friday. Cramer interviewed Martin Richenhagen, CEO of rival Agco (ACGO) , just a few days ago. He told Cramer things were weak.
Likewise with the weakness in Nordstrom (JWN - Get Report) and V.F. Corp (VFC - Get Report) and the subsequent strength in Amazon (AMZN - Get Report) . People just aren't shopping at the mall anymore, Cramer said.
Finally, Cramer said Verizon's (VZ - Get Report) CEO told us that he's looking to buy up some assets from Yahoo! (YHOO) in a recent interview, so investors shouldn't be surprised if they see an announcement soon.
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