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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Friday August 5.

7 Things to Watch in the Coming Week: MarkWest Energy Partners (NYSE:MWE), Disney (NYSE:DIS), Cisco (NASDAQ:CSCO), SodaStream (NASDAQ:SODA), JCPenney (NYSE:JCP). other stocks mentioned: Apple (NASDAQ:AAPL), Veoila Entertainment (NYSE:VE), Equity Residential (NYSE:EQR), Health Care REIT (NYSE:HCN)

The week actually begins on Sunday night, when there is likely to be a decision about the European debt crisis. Whatever happens on Monday morning, Cramer said, depends on a resolution, if there will be any, reached on Sunday. If there is no deal, stocks will be trading lower. Cramer discussed things to watch in the coming week on the domestic front:

Monday:

MarkWest Energy Partners (MWE) reports. This MLP transfers gas from domestic shales and yieldd 6.4%.

Tuesday

Disney (DIS) is down, and its decline is a gift, with the fall of gas prices. Cramer would buy the stock into the quarter, and would buy more if the Disney shares get hit after it reports; "Disney is one of the greatest companies on Earth."

The Federal Reserve will make a statement, and Cramer thinks it had better be about Europe. He also wants to see if Ben Bernanke will discuss a possible recession.

Wednesday

Cisco (CSCO) reports, and the stock has gone down so low, to $15, that Cramer thinks it might even be a buy; "I bet you don't think I would ever say that."

Thursday

SodaStream (SODA) "one of the biggest battlegrounds," reports. Cramer calls the company a phenomenon, but would play it right now only with deep in the money calls.

Friday

JCPenney (JCP), a tell on the middle class consumer, reports. Cramer wants to hear from Ron Johnson, formerly of Apple (AAPL), who will not take the helm at Penney's as CEO until next year, but he thinks there may already be some hints of Johnson's vision for JCP.

This weekend held some news from ratings agencies. Investors should stay tuned, since a downgrade will affect the market.

Cramer took some calls:

Veoila (VE): "We do not buy any second-rate companies."

Equity Residential (EQR) is good, but yields only 2.5% and should yield more. Cramer likes Health Care REIT (HCN)

This Is Not 2008 and It Is Not Our Fault: AIG (NYSE:AIG), General Motors (NYSE:GM), Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), JPMorgan (NYSE:JPM)

Although the world economy seems to be falling apart, Cramer doesn't think we will see a repeat of 2008. European bonds today are what subprime loans were in the U.S. a few years ago, but the problem and the blame lays squarely at the feet of the European banks. Meanwhile, companies that seemed barely able to survive in the last recession are alive and kicking. AIG (AIG) and General Motors (GM) reported good quarters. Citigroup's (C) balance sheet is improving, thanks to the strength in emerging markets. JPMorgan and Wells Fargo (WFC) have also balanced their budgets.

Cramer took some calls:

When asked if the economy will ever return to its normal growth without government intervention, Cramer admitted that it probably won't happen in our lifetimes. However, multiples are low for multi-national companies. When picking stocks, take the government out of the equation and look for companies with strong balance sheets and high yields.

Cramer told another caller who asked if the U.S. has austerity measures; "If it gets too tight, we get hurt, if it gets too loose, we get hurt. We split the difference, and we aren't doing a good job." Raising taxes could have hurt some, but if the government had reformed the tax system, that would have helped everyone. "We are bearing the ugly fruit of Washington and it is being exacerbated by Europe."

Cedar Fair (NYSE:FUN)

Few things work in the current environment, but high dividend payers might be the solution. Cedar Fair (FUN) is a theme park operator int he Midwest with 11 amusement parks. Most customers are located within 150 miles of the park, and the drop in gasoline prices should be good for business. With the ailing economy, families will want to look for local fun rather than going too far afield. Cedar Fair is a "secret high yielder." It might not seem to fit that description with its 2.3% dividend, but may go as high as 11%. The company had to slash and finally eliminate its dividend during the recession, but has since reinstated its yield. The company is an MLP, which means it is required to return a large amount of its profits to shareholders. Management said it will soon offer $1 per unit to shareholders, which would increase the yield to 5.8% and double that amount by 2013, which will create a yield of over 11%. Will Cedar Fair, which is 23% off its 52 week high, be able to pay this huge dividend? Cramer thinks so, since the company is fiscally responsible, has cleaned up its balance sheet and refinanced all of its debt. The company recently reported in-line earnings with revenues up 3%, and the it reiterated guidance. Cramer thinks Cedar Fair is one of the best dividend stories out there.

Mad Mail: 3D Systems (NYSE:DDD), Kraft (KFT), Pepsi (NYSE:PEP), General Mills (NYSE:GIS), Kellogg (NYSE:K)

3D Systems (DDD) a provider of prototype features that allow corporate customers to create a 3D image of the product they are designing. This technology makes outsourcing obsolete. While the market opportunity is large, revenues are very lumpy, the company might not hit its margins and it has made 15 acquisitions in 3 years, none of which have been integrated well; "Be wary...it's not my cup of tea."

When a viewer asked Cramer if he should use his home equity line of credit to invest in safe, high-yielding stocks, he was emphatic that stocks should never be bought on margin or with debt.

Cramer outlined to another viewer his strategy in the current market, which is to "circle the wagons" around winners. As painful as it is to sell low, he would get rid of stocks that aren't working and buy only the names that are doing well.

Kraft (KFT) is not a buy, since the split-up was already announced. Cramer prefers Pepsi (PEP), General MIlls (GIS) and Kellogg (K), since fuel costs are coming down.

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Source: Cramer's Mad Money - 7 Things to Watch in the Coming Week (8/5/11)