Cramer is a big fan of Walgreen, Rite Aid and CVS but says avoid the Bank of Ireland and Navios Maritime Partners.
The markets are presenting a buying opportunity at current levels, but only if you know which stocks to buy, Cramer says.
Wrapping up the week-long countdown of the top European stocks to own for 2015, TheStreet's Jack Mohr's number one pick is CTC Media, the leading TV broadcaster in Russia.
Tesco comes in at No. 2 in this week's countdown of the best European stocks for 2015.
ArcelorMittal comes in at number three in this week's countdown of the best European stocks for 2015.