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Cramer Remix: Next week could define the rest of the year

After Friday's jarring news of slashed estimates for Honeywell and PPG Industries, Jim Cramer fears that many portfolio managers will not be prepared for next week.

"We have a busy week ahead of us that might just define how the rest of the year goes," the "Mad Money" host said.

Industrials were rallying ahead of quarterly reports, but that changed on Friday, with banks and retailers helping the market rebound. With this in mind, Cramer shared the stocks and events he will be watching next week in his game plan.

A raise in interest rates would certainly help Bank of America's bottom line, but the company's CEO, Brian Moynihan, told Cramer he's not going to wait on it to happen.

"A rise in rates makes us seem a lot smarter to the world because we make more money," he said. "It's $4 billion-plus on a core-basis a year if rates go up 100 basis points, but we are not waiting for that."

Referring to the company's last reported quarter, Moynihan confirmed the company is focused on growth through volume. Bank of America's expenses keep going down and revenues have stabilized, he said. Deposits are up $60 billion year-over-year, and he said there are also more loans.

"We can keep doing that. It would be easier if rates were a little bit higher, but that didn't happen and we are not waiting for it," Moynihan said.

Cramer was in a daze when he heard the news that Honeywell made steep cuts to its earnings trajectory versus what was expected. Sluggish emerging markets, flailing oil industry and slowing orders on aircraft and helicopters all contributed to the surprise shortfall.

The same thing happened with PPG Industries, too. It preannounced dramatically lowered expectations and practically flat projections for the next quarter, and it took Cramer's breath away.

"The hideous declines in these two stocks left me astonished … That is what happens when companies with a long track record of beating the numbers suddenly pre-announce to the downside," Cramer said.


Bank of America CEO Brian Moynihan
Abigail Stevenson | CNBC

One theme that Cramer identified has been working for stocks is digital players like Adobe Systems. The company makes digital media and marketing software and has taken strides to transform itself into more of a cloud play.

Cramer spoke with Adobe's President and CEO Shantanu Narayen, who explained that the company's platforms are more than just technology — they look into the mind of what people want.

"We process more content and more data than anybody else in terms of companies, and … the magic you have in Photoshop and what people can do, we are actually looking into people's minds and figuring out how to translate that idea into reality," Narayen said.


While "Mad Money" was in San Francisco this week, Cramer became connected with the idea that while business is revolutionized by technology, the same thing could be happening with charities.

(RED) is an organization started by Bono and Bobby Shriver in 2006 with the intention of making it easier to join the fight against AIDS. (RED) sponsored products and concerts have helped to raise $360 million to help people in sub-Saharan Africa that need AIDS assistance with drugs and care.

Cramer spoke with (RED) CEO Deb Dugan about how her company is changing AIDS treatment and partnerships in business.

"It's the number one cause of death for women on reproductive age on the planet, number two reason adolescents die on the planet after car crashes … It can't be. This is preventable and treatable, and the world knows that it has to do the right thing, but NGOs can't do it on their own. Companies have to help and companies have to step up," Dugan said.

In the Lightning Round, Cramer gave his take on a few caller favorite stocks:

Rayonier Advanced Materials: "Don't [sell]. It's a very interesting situation. It just doesn't have a lot of backing. There is no sponsorship from Wall Street. I would not give up on it."

MaxLinear: "MaxLinear is another one of these companies that people just keep thinking you know what, how can it stay independent, especially after Linear Tech got bought. I have to tell you, I think the company is still cheap. You know I'm a big believer of the consolidation in that industry. I think it could be one of the companies that gets consolidated."