Cramer Remix: These boots were made for investing
Jim Cramer is gearing up for another event-packed week, with his cowboy boots from Boot Barn and all. But the reality is, the U.S. just can't save the world. We can't make the Chinese spend more money or force Europe to make real structural changes any more than we can direct the Japanese in finding a new way to grow besides dumping cars on us.
Next week brings a few important themes to the table that the "Mad Money" host says call for preparation. First, there will be more earnings reported by strong American companies that can weather the foreign currency storm.
Second, investors will be looking for protection in stocks with high yields, now that the 10-year Treasury is barely yielding enough to buy a pack of gum.
Third, Cramer is beginning to wonder if investors should be on the lookout for a bottom in oil. The $45 level has managed to hold thus far, despite a dramatic amount of selling. However oil spiked again on Friday, to $48.
"So we'll listen to all of the oil companies in order to determine whether drilling's been cut back so aggressively that it will cause either a V- or a U-shape bottom sometime in the next few months," said Cramer.
For those investors looking for a speculative stock that Cramer thinks is worth buying; look no further than Boot Barn.
This retailer went public in October at $16 and closed at $20.18 on Friday. This western wear retailer has 166 stores spanning 26 states and barely faces any competition.
But what Cramer loves most about this company is the obvious growth opportunities. Management believes it can ultimately expand to 400 stores.
And while Boot Barn is due to report next Wednesday, Cramer believes that this stock is a long-term prospect. He does not recommend trading it into the quarter.
"I think this fresh-faced company has many years of strong growth ahead of it, which is why it's worth buying at these levels," said the "Mad Money" host.
Another company that Cramer thinks is worth investing in is Google.
What the heck is going on with Google?
Contrary to popular headlines, Cramer thinks this stock is actually a steal. Many investors were left perplexed as the company reported a big miss in the headlines on Thursday night. The stock initially plummeted in the after-hours and then exploded on Friday.
"I think the stock remains a steal at these levels, although, of course, I'd always like it even more if it gets slammed the next time we have a marketwide selloff like we did today," said Cramer.
Read More Cramer: Google's not done rallying yet
If Google can grow so fast that it penetrates the computers of most Americans, could big brother also penetrate your workplace?
Cramer went off the tape on Friday to talk to Arrowsight. This is a privately held company that provides remote video auditing systems to enable third-party auditing of worker production levels.
The company currently works with several meat production facilities, fast food companies and hospitals, to ensure that regulations are maintained and improve safety.
Cramer sat down with Adam Aronson, founder and CEO of Arrowsight, to find out where this company could be headed.
"Rolling the clock back 12 years, when I started this company, for the life of me I couldn't understand why corporate America wasn't using video cameras the way that sporting teams have been using them for decades. So we just said, 'Let's start a whole company around this,'" Aronson said.
After the juicy burger chain Shake Shack initially priced at $21 and spiked up at the open to a monstrous $47 a share on Friday—Cramer felt excitement on the burger news, with a side of frustration.
"As much faith as I have in Danny and his amazing team, I do not have the same amount of faith in the initial public offering process," said Cramer.
The "Mad Money" host has unfortunately seen over and over again that there is a complete inability to properly price merchandise of a popular service or device. In Cramer's perspective, no matter how awesome a company might be, the first few opening days may not be the best time to buy the stock.
Cramer's advice—let the flippers weed out of the stock, so it can stabilize. As long as you understand what is happening, it can be held and should be done so for the long term.
Read More Cramer on Shake Shack: Good burgers, bad money?
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
FireEye: "I like FireEye, I like the whole segment. I love that Palo Alto, but it got away from us. FireEye seems like it's a sweet spot."
Rockwell Medical Inc: "Everyone keeps hyping the stock, but it's not moving. Don't buy, don't buy."