It was a wild day to close out a wild week on Wall Street, Jim Cramer told his Mad Money viewers Friday. Unfortunately, we need to be ready to do it all again on Monday.

Cramer's game plan for next week's trading starts on Monday, when the markets inevitably will be processing the latest roller coaster of news out of Washington on both tax reforms and the Russia probe.

They will also be digesting the latest durable goods numbers, which Cramer expected to be strong enough to validate the recent rally. Also on Monday, earnings are scheduled from GW Pharmaceuticals (GWPH) , a company Cramer said he's rooting for.

Next, on Tuesday, it's earnings from home builder Toll Brothers (TOL) , AutoZone (AZO) and Dave & Busters (DNB) . Cramer remained a fan of Toll and AutoZone, but said Dave & Busters needs to tell a good story to pique his interest.

Wednesday brings earnings from Broadcom (AVGO) , Lululemon Athletica (LULU) and an analyst meeting from Cramer fav Home Depot (HD) . Cramer was bullish on Broadcom, an Action Alerts PLUS holding, and said the numbers at Lululemon should be terrific as well.

Then on Thursday, Cramer expects to hear good things from Dollar General (DG) after rival Dollar Tree (DLTR) posted strong results.

Finally, on Friday, we'll get the latest non-farm payroll numbers, which will be the last news before the Federal Reserve's Open Market Committee is expected to deliver a quarter-point interest rate hike. Cramer said this number should be big.

Cramer and the AAP team are selling some shares of TJC Companies (TJX) , having gotten the lift they were waiting for. 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.

Panic is Not a Strategy 

"No one ever made a dime panicking," Cramer is fond of saying, along with "panic is never an investment strategy." So when the market dips more than 300 points, as it did this week, were you a seller or did you see opportunity?

Cramer said that both VMWare (VMW) and Nutanix (NTNX) were down big after AutoDesk (ADSK) reported abysmal numbers this week. But just a day later, VMWare is up 3.6% and Nutanix soared 9.9%.

The oil stocks were also put on sale this week, Cramer noted, despite crude rising back to over $58 a barrel. There are plenty of opportunities in the oil patch as well. Cramer also called out Ulta Beauty (ULTA) as another great opportunity, if you seized the decline.

Investing isn't just about picking stocks, Cramer concluded, it's also about timing. So the next time the market gives you a big down day, see it for what it is: a chance to buy.

Over on Real Money, Cramer says the oil market has found its footing, and that's one more positive surprise in this market. Get more on his insights with a free trial subscription to Real Money. 

A Toast to Success: MGP Ingredients 

Investing has always been about one thing, Cramer told viewers: finding high quality companies with stocks that don't yet reflect their true value. This philosophy was true at Dow 1,000 and its still true today at Dow 24,000. That's why Cramer highlighted MGP Ingredients (MGPI) , a company you've probably never heard of despite its shares having soared from $5 to $75 over the past four years.

MGP is, in essence, a distillery. The company makes whiskey, gin and bourbon as well as a wheat proteins and starches that find their way into other products.

Back in 2013, the company brought in a new CEO, who in turn installed a whole new team. The results speak for themselves, as MGP hit the goals of their five-year plan two years ahead of schedule. The strategy has been simple, Cramer explained, double down on what's working. MGP invested heavily into the premium side of the whiskey and gin markets, two of the hottest categories of liquor today.

There is a problem, however. And that's MGP's lofty valuation of 38 times next year's earnings. Cramer said he's only willing to pay two times a company's growth rate. In this case, that growth rate is only 15%. That means we're too late, Cramer concluded, and shares would have to fall appreciably before becoming attractive. Fortunately, there's Constellation Brands (STZ) , which remains Cramer's favorite among the group.

Executive Decision: Henry Schein

For his "Executive Decision" segment, Cramer sat back down with Stanley Bergman, chairman and CEO of Henry Schein Inc.  (HSIC) , the dental supply house with shares that are down 6.8% for the year after disappointing earnings last quarter.

Bergman reassured investors that Schein's business is strong, their core markets remain great and their profits are solid. On the company's conference call, management noted variations in their business during the quarter, but also action plans to drive efficiency, advance their product mix and drive their solutions business.

When asked about the company's cash flow, Bergman noted that Schein generates a lot of cash and they use that cash to make acquisitions, invest in their business and also return capital to shareholders through their stock buyback program, which currently is authorized for $400 million.

Bergman was also bullish on Henry Schein's animal businesses, saying that companion animals continue to be a huge opportunity and they remain committed to wellness and prevention products and services.

Lightning Round

In the Lightning Round, Cramer was bullish on IBM (IBM) , Workday (WDAY) and NextEra Energy (NEE) .

Cramer was bearish on Sociedad Quimica (SQM) and Under Armour (UAA) .

A Fireside Chat with Cramer

In a special "Fireside Chat" segment, Cramer sat down to take a moment out of the craziness and volatility to answer some questions that are on the minds of many Cramericans.

His first caller asked if it would be prudent to hedge his portfolio with gold to protect against the volatility. Cramer said while the lure of bitcoin has caused gold to lose some of its luster, he still recommends 10% of your portfolio remain in gold.

Cramer's second caller asked whether America's oil shale revolution continues to be a good investment. Cramer said that short term, there's still money to be made in the oil companies, but longer term, the sun is setting on  fossil fuels. The world is changing, and we simply cannot make any long-term bets on oil.

Finally, Cramer was asked about one of this year's hottest stocks, Nvidia (NVDA) . Cramer said that this stock is erratic and difficult to predict, but he anticipates this Action Alerts PLUS holding will see $180 a share before it sees $240 a share.

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At the time of publication, Cramer's Action Alerts PLUS had a position in TJX, AVGO, NVDA.

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