Cramer's 'Mad Money' Recap: Antidotes to a Selloff

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It's time to sift through the rubble and find companies that we trust, Jim Cramer told viewers of his "Mad Money" TV show Friday.

How do people find the situations in which stocks were damaged but not the companies themselves? he asked. They find stocks that reported great earnings just before the selloff.

Most of the companies are "robust and healthy," but because of the downturn, these stocks have been put on sale, Cramer said. However, the housing, financial and brokerage stocks are "no good," and investors should lighten up on these on any lift.

Cramer gave viewers eight "trustworthy" stocks and said that people should only buy them if the stocks help diversify their portfolios. Also, market players should buy any of these eight only if they have already taken some profits in their existing positions, Cramer added.

Starting with PepsiCo (PEP) and Kellogg (K), Cramer said both delivered "serious upside." Pepsi, Cramer said, ran and then gave it all back. Meanwhile, "no one even noticed Kellogg, which is flat since it reported."

Pepsi at $66 is "very attractive," and because it's growing faster than Coca-Cola (KO), it is worth $80, he said. Kellogg should blow away the numbers for its next quarter.

"These two could be the antidote, especially if the economy is slowing," Cramer said.