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

Moving on, small companies such as Nova Chemicals (NCX Quote - Cramer on NCX - Stock Picks) are being taken over, he said. Plus, this company's quarter was "unbelievably good," and its fundamentals are strong.

Schering-Plough (SGP Quote - Cramer on SGP - Stock Picks) and Celgene (CELG Quote - Cramer on CELG - Stock Picks) are two more stocks Cramer said he likes.

Celgene, however, is tough because it was up today, Cramer said. At the same time, he believes it could have a fantastic 2010, 2011 and 2012 and should go up to $75. Celgene closed Friday up 93 cents at $61.13. Concerning Schering, Cramer said he still can't believe how good its number was.

Further, EMC (EMC Quote - Cramer on EMC - Stock Picks) reported a "strong" quarter Tuesday, and Cramer, with a shout-out to Victor Kiam, said he likes the company so much that he bought some for his charitable trust, Action Alerts PLUS.

Cramer said he also likes EMC because it is spinning off VMware "in what looks like the sexiest initial public offering of the year." After the spinoff, Cramer said, he expects EMC's buyback activity to increase.

Two More to Buy

Boeing (BA Quote - Cramer on BA - Stock Picks) and Lockheed Martin (LMT Quote - Cramer on LMT - Stock Picks) are two stocks that should go to $120, Cramer told viewers, wrapping up his list of eight buyable stocks.

According to Cramer's $80-to-$120 thesis, stocks that hit $80 usually make it to par -- Wall Street gibberish for $100 -- and then usually go to $120 in a bull market. Both Boeing and Lockheed, which have already made it to $100, "fit this profile of $80 to $120," he said.

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