Jim Cramer's 'Stop Trading!': Buy McDonald's

Buy McDonald's MCD Jim Cramer said on CNBC's "Stop Trading!" segment Monday.

Cramer said he expects strong performances from the fast-food company and others in the food space, such as Kellogg K, Coca-Cola KO, Heinz HNZ. "Don't forget the new Philip Morris," he said.

Cramer also took some time to talk about Schering Plough SGP. Cramer had been recommending the stock, which got crushed today on disappointing study results for cholesterol drug Vytorin. Schering-Plough markets the drug in a joint venture with Merck MRK.

Cramer said he wasn't giving up on the stock. "They've done a lot of things right here. They've done a lot of things wrong. ... I think the earnings are going to be between $1.20 and $1.40." He said the stock trades around 10 times earnings and may be attractive here, but "The last person you should be listening to is Jim Cramer." He reminded viewers that he had recommended the stock at $19.

On continued weakness in the dollar, Cramer said, "When you want the dollar lower it goes lower. ... Any sort of administration that spends endlessly ... to say that they don't favor a weak dollar I think is disingenuous."

Treasury Secretary Hank Paulson announced a regulatory overhaul of the financial system today, granting new authority to the Federal Reserve. Cramer offered his comments.

"Why did they wait until the last few months of the administration to come out with this?" Cramer asked. "I guess better late than never." Cramer said that Paulson "didn't know what was going on" as U.S. financial institutions became increasingly strained. "They just got engaged about three weeks ago."

Cramer was skeptical that the proposal would pass Congress. "The Democrats are not going to let this happen," he said. "It's important that they be destructive because they're political."