Many traders might be dealing with frayed nerves ahead of next week's meeting of central bank policymakers, but Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday that he isn't overly stressed.

"I actually like the tape here heading into the

Federal Reserve

," he said.

A big two-day rally last week removed a bit of the sting of the multiweek downturn that preceded it, but the market remains "incredibly oversold," Cramer said.

Regarding individual names,

Tellabs

(TLAB)

is cheap and business is good, and

Motorola

(MOT)

shouldn't be stuck below $20 a share, he said.

McDonald's

(MCD) - Get Report

, Cramer said, should be getting more of a bid on the news of its deal to set up drive-throughs at gas stations throughout China, but the upside is being limited because "we've got a real yawner of a market here."

Another stock Cramer likes is

General Mills

(GIS) - Get Report

, the cereal maker he called a "quality franchise with a nice yield."

Morgan Stanley

(MS) - Get Report

is another company Cramer said was being mispriced. Morgan, he said, is "cheap, cheap, cheap, and I wouldn't sell it here ahead of the quarter."

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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