Don't blame the earnings for Friday's market selloff, Jim Cramer told his Mad Money viewers Friday. Sometimes even great earnings aren't enough to lift the entire market, but they sure can make a big difference to individual stocks. That looks to be the case going into next week's trading as well, as Cramer laid out his game plan.
The week kicks off on Monday with earnings from Agilent (A) and Intuit (INTU) , two stocks Cramer was bullish on, along with Urban Outfitters (URBN) and Palo Alto Networks (PANW) , two stocks he advised watching and listening to.
Trading ends on Wednesday with earnings from Deere (DE) , but Cramer said he prefers AGCO (AGCO) . We'll also get the latest durable goods orders before the holiday and Cramer was looking for a hot number heading toward what's expected to be a December interest-rate hike from the Federal Reserve.
Over on Real Money, Cramer says Amazon (AMZN) can't really take over the world. But its competitors need to pay attention. Get more on his insights with a free trial subscription to Real Money.
Executive Decision: Applied Materials
For his "Executive Decision" segment, Cramer spoke with Gary Dickerson, president and CEO of Applied Materials (AMAT) , the semiconductor maker with shares that are up 75% year-to-date after posting a record quarter.
Dickerson said there's never been a better time to be an investor in Applied Materials in the company's 50-year history. He said trends like big data and artificial intelligence are changing the competitive landscape and his company is emerging as a big winner.
There are many tech trends pulling in Applied Materials' favor, including the Internet of things, which requires super fast processors to make sense of the mountains of sensor data being received. There's also a big trend in OLED screens, which are becoming mainstream in many mobile smart devices as well as in next-generation large screen TVs. Applied Materials' display business saw 55% growth last year, Dickerson said.
Beyond all of these multi-year drivers, Dickerson said that the overall push towards artificial intelligence puts his company in the driver's seat, as does the continued strength of big data and the data center.
Cramer and the AAP team have the latest updates on several important names, including Comcast (CMCSA) and Qualcomm (QCOM) . Find out what they're telling their investment club and get in on the conversation with a free trial subscription to Action Alerts PLUS.
Know Your IPO
In his "Know Your IPO" segment, Cramer urged investors to not invest in a stock if they don't know what a company does, especially if that company is Chinese.
There's been an influx of Chinese IPOs on the U.S. markets, Cramer explained, and of the 11 deals this year, only four have been winners if you invested in the open market. Some, like China Rapid Finance (XRF) have seen positive results, but many of the most recent deals, like Qudian (QD) ,have been disasters, losing 40% of its value in a little over a month.
Making matters worse, when a hot Chinese IPO does well in the U.S., that opens the flood gates for similar IPOs, none of which end up being as good as the original.
That's why Cramer stressed that investors should never invest in a company, IPO or otherwise, if they don't know the company well. This is particularly important with Chinese companies, where access to information is more difficult to obtain than for U.S.-based companies.
These deals are not meant for home gamers, Cramer concluded, which is why he also recommends lots of domestic IPOs, like Canada Goose (GOOS) , which is up 55% since March.
Executive Decision: Owens Corning
In his second "Executive Decision" segment, Cramer sat down with Mike Thaman, chairman, president and CEO of Owens Corning (OC) , a stock that's soared 66% in 2017.
Thaman said that the past three years have seen a real change in Owens Corning, and the company is now seeing 10% revenue growth. Homeowners are seeing the equity in their homes rise and that means more roofing projects, especially given the hurricanes in Texas and Florida. Owens Corning's core business is back, Thaman said.
Owens Corning is also a leader in insulation, and thanks to smart acquisitions, now has offerings for low-, medium- and high-temperature applications in the U.S., Europe and China, which are the three biggest global markets.
Here in the U.S., Thaman was quick to note that their insulation is produced with 100% renewable energy, most of which is wind energy.
The Lightning Round
In his "No-Huddle Offense" segment, Cramer pondered how a single company, Amazon, could matter so much to so many industries. Why is Amazon so powerful?
Is it because the company seemingly has unlimited cash? Or an incredible CEO in Jeff Bezos? Or is it simply because consumers love Amazon as it's the best way to get just about anything? Cramer said the answer is all of these things.
The reason the drugstore stocks like CVS Health (CVS) and Walgreen Boots Alliance (WBA) have seen their stocks plunge in recent months is because investors know that if Amazon started offering same-day delivery for prescriptions, consumers would snap it up in a heartbeat.
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
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.