Jim Cramer's Stop Trading! Shrewd Buyers

Look for talented repurchasers such as Pepsi, United Tech and Lehman.
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In major market downdrafts like this one, look for companies that have proven themselves shrewd buyers of their own shares, Jim Cramer said on

CNBC's

"Stop Trading!" segment Monday.

PepsiCo

(PEP) - Get Report

,

Lehman

(LEH)

,

United Technologies

(UTX) - Get Report

,

Citigroup

(C) - Get Report

and

Bank of America

(BAC) - Get Report

are examples.

Pepsi "is a company that has been seizing

the opportunity to be able to buy its own stock when the

S&P 500

knocks it down," Cramer said. "Very few companies are capable of doing that. Pepsi's one of them."

"Most CEOs are just shaking in their boots when they see these kinds of losses," Cramer said. "Bank of America, Pepsi, Citigroup, UTX -- these are guys who have seen all the volatility, including 1983 to 1986, including the crash of 1987, and they know exactly what to do."

Speaking broadly, Cramer said that when the market falls, you have to buy into the psychology that's driving the losses. "People genuinely believe there's going to be a recession," he said. "I don't believe there's going to be one. But I respect the mind-set."

At the time of publication, Cramer was long United Technologies.

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