Cramer's game plan: with tariffs and rising rates raising uncertainty, it's time to be cautious

As stocks turned positive towards the end of Friday's trading session, CNBC's Jim Cramer warned investors not to get too cheery about Wall Street shrugging off the escalating trade

war. "Many bulls were heartened that the stock market clawed its way back up and at one time was almost even, despite the tariffs. I question that logic," the "Mad

Money" host said. So, with the administration's hard-line stance on the U.S.-China trade dispute in mind, Cramer turned to his weekly game plan: MONDAY: TRADE IN FOCUS On Monday,

Cramer expected Washington's "tit-for-tat tariff situation" with Beijing to come into focus after President Donald Trump's Friday statement in which he revealed plans to

place tariffs on up to $50 billion worth of Chinese goods. China swiftly responded to the release, placing its own tariffs on a host of U.S. products including automobiles that were slated

to take effect on July 6. And while some market-watchers think the trade debacle with China could dissipate because of its negative impact on geopolitical relations and stocks, Cramer

wasn't so sure. "Trump believes that we need to stand up to China, even if it ends up hurting business here in the United States and sending the stock market down," Cramer

said. "He figures the economy is strong enough to handle the pain. Basically, here's what he's thinking: if not now, when?" The "Mad Money" host said

Trump's seemingly unwavering position would likely continue to weigh on stocks as the market entered Monday's trading session. And even if news that China approved Qualcomm's

purchase of NXP Semiconductors turns out to be true, he didn't expect the president to budge. "Get used to it. Select stocks accordingly, maintaining a higher-than-normal cash

position," Cramer recommended. "When we go higher, do some trimming." TUESDAY: FEDEX, ORACLE FedEx: Cramer anticipated a "gangbuster report" from e-commerce

beneficiary FedEx, saying that he felt the estimates were too low for how the delivery company is actually faring. Oracle: The "Mad Money" host was more concerned about Oracle.

Shares of the technology play have been hovering at their lows while other tech stocks near their highs, and a J.P. Morgan analyst report downgraded the stock on Thursday due to increasing

competition. "I worry that Oracle will have trouble retaining customers as we keep hearing of client losses from the companies who compete with them," Cramer said ahead of

Oracle's Tuesday earnings report. "At the same time, the stock is dirt cheap," he continued. "It's entirely possible that if Oracle shows any momentum whatsoever,

the stock goes higher. If they don't, then it might not go down that much. You know what? I'm calling that a decent risk-reward." WEDNESDAY: WINNEBAGO INDUSTRIES, MICRON

TECHNOLOGY Winnebago: With both Thor Industries and Camping World Holdings recovering from some early 2018 weakness, Cramer wanted a "gut check" from competing RV maker

Winnebago's report. "Last night we heard Bob Martin of Thor Industries talk about the industry and he made it sound like the world's largest RV manufacturer still has a little

inventory to work off," he said. "If Winnebago confirms that, be careful: both stocks head lower." Micron: This chipmaker's third-quarter earnings report is important

because it will give investors a more definitive take on whether Micron's key markets — flash and dynamic random-access memory chips — are truly slowing, Cramer said. "Not long

ago, Micron's CEO, Sanjay Mehrotra, came ... on this show and I thought he told a fabulous, multi-year tale of proprietary growth, very different from the boom-and-bust of the old DRAM

business cycle," the "Mad Money" host said. "That's because Micron's chips are used far more extensively thanks to the rise of the internet of things." And

while oversupply concerns linger among analysts, Cramer thought that, for the moment, "Micron's more in control of its destiny than ever." THURSDAY: DARDEN RESTAURANTS,

KROGER, RED HAT Darden: Cramer wasn't sure how strong the Olive Garden parent's earnings would be after some weakness last quarter, saying his charitable trust has been paring back

its position in the stock. Kroger: Since Amazon's acquisition of Whole Foods almost exactly one year ago, Kroger's stock and the underlying company have been struggling under the

weight of their rivals. "Kroger's engaged in a slew of initiatives to become more competitive," Cramer said. "In the meantime, though, the supermarket industry just keeps

getting more competitive. Let's just say I don't expect a great quarter." Red Hat: "Cloud king" Red Hat will report earnings after the bell. The company, which

helps businesses move their operations to the cloud, has reported a series of strong quarters, so Cramer expected another set of good results. "The stock has a tendency to get hammered

even on excellent results," he said. "If it happens again, I'd pounce on this thing into weakness." FRIDAY: OIL SUMMIT A key meeting between the Organization of the

Petroleum Exporting Countries, commonly known as OPEC, and other non-OPEC oil producers like Russia could determine the trajectory of oil prices, Cramer said. "The wild card? This is

the first OPEC meeting where President Trump is mad about oil prices," he said. "Will he make a call to the Saudis on Thursday, reminding them that they're our friends?

That's the only thing that could drive oil to the low $60s, down from $64.50, where it's trading now. Remember, it was in the $70s before Russia and Saudi Arabia talked about

boosting production." CONCLUSIONS The "Mad Money" host admitted that investing has gotten a little more difficult since the Fed raised interest rates and the U.S.-China tariff

debacle escalated. "So here's the bottom line: next week we've got some major international jitters that will bookend what should be a very positive earnings backdrop,"

he said. "Remember, though, with the rate hikes and the tariffs, the game got a little harder this week, which means we need to be a bit less eager to pounce when stocks go down and a

bit more ready to curb our enthusiasm when stocks go higher." WATCH: CRAMER'S TARIFF-TINTED GAME PLAN AMID POSITIVE EARNINGS _Disclosure: Cramer's charitable trust owns shares

of J.P. Morgan, Darden Restaurants Inc. and Amazon._ Questions for Cramer? Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer's world? Hit him up! Mad Money Twitter - Jim

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