Investors need to fight off complacency, Jim Cramer cautioned his Mad Money viewers Friday. North Korea remains a wild card, he said, and that means: don't get cocky, don't use margins and don't feel guilty taking profits if you have them.

Cramer's game plan for next week started off with inflation numbers out of Europe. He said higher inflation over there translates to a weaker U.S. dollar, which is good news for our industrial companies.

On Tuesday, Cramer said he's cooled on AutoZone (AZO) and Bed Bath & Beyond (BBBY) , both of which struggle against Amazon (AMZN) . FedEx (FDX) continues to be a winner with commerce, though, which is why he remains bullish. Also in the bull camp were Adobe Systems (ADBE) and Best Buy (BBY) , which is hosting an analyst day.

Wednesday brings earnings from General Mills (GIS) and office furniture maker Herman Miller (MLHR)  , and Cramer expects both companies to have good things to say.

For Thursday, Cramer will be listening for news out of the Rambus (RMBS) analyst meeting about the current state of the semiconductor market.

Finally, on Friday, it's earnings from Carmax (KMX) , which should be positive, and Finish Line (FINL) , a company Cramer says is just not worth the risk.

Don't Count Radio Out 

As long as there are humans in cars, there will be radio, Cramer told viewers, and that's why the stock of Entercom Communications (ETM) is a buy, buy, buy.

Back in February, CBS (CBS) announced a plan to merge its radio assets with Entercom in a deal known as a reverse Morris trust. Cramer explained that this complex tax maneuver allows CBS to merge with Entercom with positive tax benefits. Shares of Entercom initially spiked 10% on the news, but has since fallen from $16 to just over $10 today.

Cramer said while some Entercom shareholders may not have liked the 105 million shares the company will have to issue to make the deal happen, at $10.50 a share, Entercom is a screaming buy. That's because Entercom is a very well run company and, once merged with CBS, will be attractive to institutional investors who cannot cover the current stock with a market cap of just $430 million.

Unlike TV, which is getting hit hard from online competition, radio is different because most people still listen in their cars. Nothing has the penetration of radio, Cramer concluded, and with 244 stations in just about every major market, much of that penetration will soon belong to Entercom.

The Economy Is Bigger Than the Data

If you listen to today's retail sales numbers, which fell 0.2%, or the industrial production figures, which dipped 1.9%, then it appears that our economy is stalled. But Cramer cautioned viewers against blindly accept these figures, as they don't tell the whole truth.

Cramer said he's a bottoms-up analyst, preferring to take his cues from individual companies and extrapolating from there. What are those companies saying? XPO Logistics (XPO) said on Wednesday's show that it's seeing an industrial-led recovery across the nation, while Eaton (ETN) , an industrial manufacturer, told its shareholders that the global economy is strong.

Add to that positive comments from Caterpillar (CAT) , United Technologies (UTX) and Brixmor Property Group (BRX) , on last night's show, and it appears that the government's numbers have not yet captured what's truly going on.

Over on Real Money, Cramer says there are more reasons to be skeptical of the government: economic data. Get Cramer's insights with a free trial subscription to Real Money.

Cramer Does His Homework

In his "Homework" segment, Cramer followed up on a few stocks that had stumped him during earlier shows. He said that real estate broker Redfin (RDFN) is growing like a weed and is much better than many recent IPOs. He said that Park Hotels & Resorts (PK) is too risky, even with its 6.3% yield.

Finally, Cramer said that Medicine Company (MDCO) , which is down 2.3% for the year, is intriguing but with only one drug in their pipeline, that makes it too risky to speculate on.

Cramer and the AAP team are raising their target price on DowDuPont (DWDP) . Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

Lightning Round

In the Lightning Round, Cramer was bullish on Alibaba (BABA) , Qorvo (QRVO) , Abbott Laboratories (ABT) , Baozun (BZUN) , Square (SQ) and Ionis Pharmaceuticals (IONS) .

Cramer was bearish on Chipotle Mexican Grill (CMG) , Chesapeake Energy (CHK) , (JD) and AT&T (T) .

Off the Tape: Agave Loco 

In his "Off The Tape" segment, Cramer sat down with Tom Maas, founder and master blender at the privately-held Agave Loco, makers of tequila, RumChata and most recently, FrappaChata, an alcoholic iced coffee drink that has sold one million bottles in just its first 60 days.

Maas explained that the iced coffee business is huge, so of course iced coffee with alcohol was going to be huge. The challenge, he said, was making a great tasting recipe that was shelf stable and didn't need to be refrigerated. The breakthrough came in February and the product launched in July.

When asked about the liquor business overall, Maas said that the spirits business is very strong and younger generations are buying more higher priced spirits than before.

What's the secret to Agave Loco's success? Maas said that his company truly understands social media and makes consumers part of the marketing and not the target of their marketing. That's why the company's recipe views on YouTube have received over 30 million views.

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At the time of publication, Cramer's Action Alerts PLUS had a position in DWDP, ABT.

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