Cramer's 'Mad Money' Recap: Pepsi Refreshing in a Downturn

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PepsiCo (PEP Quote) is the stock to own into this market decline, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

"The market is telling me something that you may not want to hear, at least for the next few days," he said. "The stocks are saying there's going to be a slowdown, so it would be wise for you to prepare for it."

Right now, the soft goods and health care stocks are moving higher, Cramer said. There is a movement taking place out of cyclicals and into the secular stocks. That said, there is no need for market players to bail on everything cyclical, he said. "But take some profits."

This week, people might not see the slowdown, but in a couple of weeks, they might start to see some traction, Cramer said. Even if a slowdown doesn't happen, it's better to be safe than sorry and be ready for one.

Right now, Cramer said he likes Pepsi, but he has to be sure about the stock. He welcomed Indra Nooyi, chairman and CEO of Pepsi, onto the show and asked where the company's unbelievable quarter and double-digit growth came from.

The performance of Pepsi, Nooyi said, is broad, and every segment of the company performed. This, she continued, reflects not only the diversity of Pepsi's portfolio but more importantly the "incredible" management team.