Coca-Cola ( KO), Schering-Plough ( SGP) and McDonald's ( MCD) "are just unbelievable bellwethers of what the Fed's going to do," said Jim Cramer on Friday's "Stop Trading!" segment on CNBC.

"These are stocks that go up when you think that the Fed is not going to do anything," he said. "These are trading down as if there's going to be an imminent rate cut by the time I'm done with 'Stop Trading!'"

As for retail, Cramer named the sector as the next potential short-selling target. "The shorts can't operate on the banks, but I think they're going to raid the retailers next," he said.

He predicts the move to stocks such as Macy's ( M) and JC Penney ( JCP) because the short-sellers "are kind of bored right now. They've taken everything else apart."

Addressing reports that Eli Lilly ( LLY) is looking to buy ImClone ( IMCLN), Cramer said: "These big pharma companies are so desperate that you have to believe that every biotech stock here could be a target, because ImClone is the worst, and Eli Lilly's after it."

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At the time of publication, Cramer had no positions in stocks mentioned.

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 Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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