"I regard that as the premium name in this market," Jim Cramer said of Johnson & Johnson ( JNJ) on Friday's "Stop Trading!" segment on CNBC. "It is probably the most pristine franchise of all." The stock, which Cramer owns for his Action Alerts PLUS charitable trust, was downgraded earlier this week. "That was one of the single most unintelligent downgrades," said Cramer. "If you're going to have a market ramp like this one is, JNJ is going to go up with it." Another stock Cramer owns for Action Alerts PLUS is VF Corp. ( VFC). "It's really been terrific weather for VFC. It's been terrific weather for retail," he said. "This stock makes a lot of sense to me." VF Corp. has lowered expectations, pays a big dividend and is down 30 points, Cramer said. "For the first time, you do not have any expectations at all with this company, and I like that," he said. Visa ( V) and Mastercard ( MA) are "transaction-based companies," Cramer said. "I think the business models are great. I think the owners were hedge funds," and the hedge fund selling is over, he said.