Cramer's Wall St. Confidential: Dow Breakdown

Regarding AIG (AIG Quote), which Cramer also owns for his charitable trust, he said the stock's future depends on when Hank Greenberg, the company's biggest shareholder, stops selling his shares.

When Task asked about Caterpillar, Cramer said the stock should go down and then up. "It is a May play," he said. "It peaked in May of last year and should bottom in May of this year."

Moving on, Cramer called Honeywell (HON Quote) "undervalued" and IBM (IBM Quote) "cheap" and a low-multiple tech stock.

He also called Johnson & Johnson (JNJ Quote), which he owns for his charitable trust, the "king of marketing" and predicted it would take Pfizer's (PFE Quote) products and "take off with them."

Cramer said McDonald's (MCD Quote) is an great, inexpensive weak-dollar play, which he hasn't bought himself because of restrictions.

Finally, he said Microsoft (MSFT Quote) is a stock that should go up over time because its Vista product is "huge."

Moreover, as stores start marketing PCs, apart from Microsoft, Hewlett-Packard (HPQ Quote), which he owns for his charitable trust, should also be a beneficiary, Cramer said.