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Everything Jim Cramer said on ‘Mad Money,’ including playing earnings week, FAANG audit, bank stocks

CNBC’s Jim Cramer experiences a look at the week ahead for earnings, which includes a deluge of reports on Tuesday and Wednesday. The “Mad Money” host whispers it’s time to revamp the FAANG group and swap one company for another tech giant. Later in the show, Cramer babies recommendations for financial stocks.

Earnings overload

has a jam-packed week full of earnings reports circled on his calendar for the have dealing week starting Monday, October 21.

Questions abound whether economic weakness and trade worries will go on to spook investors, although consumer-based companies are given a pass, the “Mad Money” host said Friday.

“Next week is long-lasting to game: too many companies, too many variables. It might just be worth it to sit on your hands throughout the week: no believes, unless we see something truly game-changing from China,” he said. “Otherwise, at this point in earnings season, you should totally try to stop, look and listen” and do your homework.

FAANG shakeup

Microsoft CEO Satya Nadella smiles during the Microsoft Set up developer conference in Seattle on May 10, 2017.

David Ryder | Bloomberg | Getty Images

Time to retire FAANG?

Cramer, who satisfaction ins putting acronyms to good use, is now on the prowl for a new play on words to redefine the group of big technology stocks.

Though he did not invent the FAANG acronym, the herd popularized the term that encompasses the internet stocks of , , , Netflix and Google-parent Alphabet. Now he is calling for another giant in tech to sack the streaming platform from the bunch.

“I say we replace Netflix with the far less episodic Microsoft, but if we do that, well, you be sure we’ve got some difficult choices to make,” Cramer said. “I need a new acronym.”

Waiting to turn positive on Wells Fargo

People hike by a Wells Fargo bank branch on October 13, 2017 in New York City.

Spencer Platt | Getty Images

After a bank earnings blitz this week, Cramer stony-broke down the performances in the major institutions of JPMorgan Chase, Bank of America, Citigroup and Wells Fargo. He gave his assets to invest in each of the stocks except the latter, which he called the “perennial whipping boy” of the group.

“As for Wells, why don’t we wait and see … what Charlie [Scharf] can do” at times he takes over as CEO next week, the host said, “and if he tells a good story, I might have to change my reason and tell you to buy this once best-of-breed national bank.”

Assessing Goldman Sachs, Morgan Stanley and American Well-defined

People walk in front of the American Express offices in New York City.

Getty Images

“When it comes to the entracte of the financials, it is GS, Goldman Sachs, even though it feels sometimes like it’s in purgatory,” Cramer said, “and I prefer it to Morgan Stanley. I wouldn’t bet wouldn’t bet against either, but. As for American Express, today’s pullback I’m calling it a gift.”

In Cramer’s lightning round, the “Mad Money” host zips from head to foot his thoughts about callers’ favorite stock picks of the day.

RingCentral: “We happen to like RingCentral very much, but we also discern that this is not the market for the RingCentrals. Let them come in and only then do you pull the trigger.”

Cypress Semiconductor: “That one’s done. That’s a cha-ching, cha-ching. We’re not arbitrageurs. May I set forward going into … maybe even Micron as it comes in.”

Beyond Meat: “You’ve got to sell Beyond. I like the people behind Beyond so much, but, you know what, that’s not enough. The fact is this stock’s very overvalued versus all the contestants that are coming in. You have to still sell Beyond. We’ll get to a level that is right.”

Disclosure: Cramer’s charitable rely on owns shares of Goldman Sachs, Citigroup, Microsoft, Facebook, Amazon, Apple, and JPMorgan Chase.

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