The rapidly growing coffee brewer Starbucks has enough cash on hand, where the ruling doesn't seem to matter to the stock price, Cramer suggested.
With that being said, he called the ruling a "travesty," adding that it should have been for no more than $1 billion.
At time same time, Cramer acknowledged that if shares were to sell off below $79 -- which doesn't seem likely -- it would a great bargain for a solid growth stock.
Turning to Macy's, which topped earnings per share estimates of 39 cents by 8 cents per share, is "the most chronically undervalued stock in the world," he said.
Must Read: [video] Quick Take: Airline, iPad Deals
While investors and the media claimed the company's management was negative about its own business, Cramer argued that that wasn't the case. Instead, they were just worried about transitioning during a weak month.
He added that October was a strong month, with a cold New York City -- which bodes well for Macy's.
-- Written by Bret Kenwell in Petoskey, Mich.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.
Partners Compare Online Brokers
- 10 Countries Where That Social Security Check Will Let You Retire in Style
- Bank of America's 17 High-Quality Cash-Rich Stocks for Investors to Consider
- 6 Stocks to Buy For When Donald Trump Is President
- If Donald Trump Was President, Here's What Would Happen to the U.S. Economy
- Is General Electric Headed for a Deep Selloff?