Between uncertainty surrounding the French elections and a huge slate of companies scheduled to report earnings next week, there's a smell of panic in the air, Jim Cramer told his Mad Money viewers Friday. And, he said, when that panic sets in, investors should be ready to buy, buy, buy.
Cramer's game plan for next week's trading included a mountain of companies, all of which will be reporting at a lighting pace. The week begins with Kimberly-Clark (KMB) and Hasbro (HAS) on Monday. Cramer said he'd be a buyer of both.
For Tuesday, Cramer was bullish on Caterpillar (CAT) , Coca-Cola (KO) , McDonald's (MCD) , Eli Lilly (LLY) and the reliable 3M (MMM) . He also liked Chipotle Mexican Grill (CMG) , but advised against chasing shares higher.
Wednesday brings earnings from Boeing (BA) , a stock that's red hot but also one where Cramer said there's no edge. He was more bullish on United Technologies (UTX) and Pepsico (PEP) , an Action Alerts PLUS holding. He felt that owning Twitter (TWTR) has simply gotten too risky.
The parade of earnings continues on Thursday with Southwest Airlines (LUV) , Domino's Pizza (DPZ) , Amazon.com (AMZN) , Microsoft (MSFT) and Alphabet (GOOGL) , another Action Alerts PLUS name, all in the bull camp. Representing the bears, Bristol-Myers Squibb (BMY) and Under Armour (UA) , a stock Cramer said is too expensive.
Finally on Friday, Exxon-Mobil (XOM) and Chevron (CVX) report, along with General Motors (GM) . Cramer was not bullish on autos, but said that when oil hits $47 a barrel, both oil stocks would be buys.
Meanwhile, over on Real Money, Cramer looks at some all-American stocks that are doing well and that may be the best way to play the French elections. Get his insights with a free trial subscription to Real Money.
You Can Only Win the Race if You Run
Don't take your cues from super-rich hedge fund guys, Cramer told viewers. Billionaires have different priorities than regular investors, Cramer said, and they have no incentive to keep taking risks.
You aren't likely to hear a money manager say they like the market, or a particular stock, or anything really. It's far more prudent to play it safe and not lose money, when you have money, but scaring you out of the market is the wrong attitude for the rest of us.
Cramer said many hedge fund guys told him he was fool for recommending Apple (AAPL) , an Action Alerts PLUS core position, at $93 a share. But now at $142, those guys don't have much to say.
You can't lose if you never take a stand, but Cramer comes out every night with ideas anyway.
It won't be long before Broadcom's (AVGO) acquisition of Brocade Communications will be closing, and that means the company will likely be on the hunt for its next acquisition. Who will that acquisition be? Cramer said he's got the perfect candidate.
For those not familiar with Broadcom, the company makes chips for communications, connectivity and the Internet of Things. Nearly 99% of the world's data passes through one of Broadcom's chips. The company is also a strategic acquirer, as seen by it's acquisition of Brocade, which makes the next generation of fiber channel communications that businesses and data centers will need to upgrade their existing networks.
As for who might be next on Broadcom's shopping list, Cramer said he's thinking it's Xilinx (XLNX) , makers of programmable logic devices and chips for the coming 5G wireless transition. Xilinx has a $14 billion market cap and would be right up Broadcom's alley.
There have been rumors that Broadcom is bidding on Toshiba's ailing chip business, but Cramer said he doesn't think that deal would make a lot of sense, especially at the rumored $23 billion price tag. He said that Toshiba makes commodity products that simply aren't a good fit for Broadcom.
Executive Decision: Proofpoint
For his "Executive Decision" segment, Cramer spoke with Gary Steele, CEO of cyber security company Proofpoint (PFPT) , which today delivered a three-cents-a-share earnings beat with a 43% rise in revenues and strong guidance that sent shares soaring 9.3%.
Steele said there are a number of tailwinds helping Proofpoint grow, including the migration to the cloud and the increasing threat landscape. Hackers and scammers are increasingly targeting people, not infrastructure, which makes Proofpoint's suite of products all the more valuable.
Many businesses are using Microsoft's Office365 product suite and need more security than what Microsoft offers. That's where Proofpoint comes in, Steele said. They also have products to help business users spot phishing and imposter websites that look just like the real thing.
Proofpoint currently has over 4,000 customers, but Steele noted that there's still a long way to go. Most board rooms have not even heard of things like business email compromise, where hackers send fake emails to employees that look like their bosses are telling them to wire money or send sensitive information outside the company. Yet every day, businesses are getting bit by these scams.
In his "Mad Tweets" segment, Cramer answered some viewer questions. He was bullish on IDEXX Labs (IDXX) as a way to play the growing pet-care market and bullish on Waste Management (WM) as a way to cash in on our growing economy.
Finally, Cramer said that if the markets are down Monday following the French elections, he'd be a buyer of Briggs & Stratton (BGG) , Stanley Black & Decker (SWK) or Sherwin-Williams (SHW) since none of them have any international exposure.
Cramer and the AAP team have their weekly roundup ready. Find out what they're telling their investment club members about Snap-On (SNA) , KeyCorp (KEY) and more. Get a free trial subscription to Action Alerts PLUS.
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