Cramer's 'Stop Trading!:

NEW YORK ( TheStreet) -- There was a broad sell-off across the major stock indices Tuesday, an event that was quite eye-popping for some; but Jim Cramer, on his Tuesday Stop Trading! segment on CNBC, said this is "not just a panic room situation."

"There are no knives going down" on drugs, food and dividend plays, according to Cramer, vocalizing names such as Pfizer ( PFE), which just reported a good number; and General Mills ( GIS), which is splitting its stock.

Furthermore, Heinz ( HNZ), ConAgra ( CAG) and Altria ( MO) "are just the kind of stocks you want to look at," Cramer advised.

Cramer also made mention of utility stock Duke Energy ( DUK), cautioning that he's not pro-Duke -- "I'm eventually worried about coal" -- but noting its strong quarter. He also said, " Entergy ( ETR) -- okay now -- I know this is just beyond boring; but that's okay. Even though it's TV we can afford to be boring to make people money for a few minutes."

As Nike ( NKE) got ready for its investors meeting Wednesday, Cramer took the opportunity to air positive thoughts about its exposure to China's large shoe market.

During the segment, Cramer also made a call out to D.R. Horton ( DHI), who he believes has significant momentum, and urged investors to listen in on the company's conference call.

-- Reported by Andrea Tse in New York
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