Don't buy into the panic, only buy stocks you understand and are willing to hold onto for the long term, Cramer says.
Cramer says Prothena is a winner, Cigna can go higher but Chesapeake Energy is not a favorite.
Cramer no longer trusts Noodles but thinks Alliance Data Systems is a winner.
Once things settle down, start picking through the rubble for the stocks that went lower but shouldn't have, Cramer says.
Cramer is a fan of Autozone and Advance Auto Parts and says FireEye is worth the investment even though it loses money.
Cramer says Seagate Technology has stalled and he's sticking with Paccar.
It's earnings, earnings, earnings in a holiday-shortened week, and Cramer will be watching.
Cramer says don't bet against Shake Shack and buy FireEye because every company needs cyber security.
Cramer says you hold Alcoa for the long term while Hershey is played out.
Making money involves tedious homework, not assumptions based on headlines alone, Cramer says.