Mid-to-late August tends to be the time of year when earnings season "goes out with a whimper, not a bang," CNBC's Jim Cramer said on Friday.
But that doesn't mean there's no opportunity in the stock market, the "Mad Money" host said.
Cramer argued that the lack of earnings reports will actually give investors time to do their homework and make informed investing decisions amid the market-moving trade war and other unforeseen corporate news.
"There's plenty of time to study and critique and calibrate and make considered judgments because, at last, the number of earnings reports that happen each day ... slow[s] to a trickle," he told investors.
But for Cramer, Cisco's earnings report will be the most important one of the week as Wall Street keeps a close eye on CEO Chuck Robbins' push to make Cisco more of a security-focused software subscription enterprise.
Praising Robbins and his team for "moving mountains" to build Cisco's recurring revenue stream, Cramer acknowledged that other companies that have made the transition to selling software have had "some growing pains."
"I expect Cisco will deliver a good quarter," he said. "Maybe it won't be the monster grower that some want, but I believe the re-positioning of Cisco into high-growth mode will take a little time. Be patient."
For Cramer's full weekly game plan, click here.