NEW YORK (TheStreet) -- Jim Cramer answers viewers' Twitter (TWTR - Get Report) questions from the floor of the New York Stock Exchange, offering his thoughts on VeriFone Systems (PAY), Netflix (NFLX - Get Report), Freshpet (FRPT - Get Report), and which pharmaceutical stocks to buy.
Cramer's first question was about the market selloff, with one viewer wanting to know how far stocks could retreat in the current bear market. Cramer said the S&P 500, which currently trades at 17.5 times earnings, could fall to 15 times earnings, which would mean a drop of 6% to 7%.
Cramer was also asked if Hillary Clinton's comments about the pharmaceutical industry would have a long-term effect on health care stocks.
Cramer responded, "Her message is that drug companies are what you beat up on, so I would be careful and recognize the stocks do not reflect her negative opinion yet."
Another viewer wanted to know if VeriFone would find a catalyst in the new EMV requirement, which requires major credit card companies to equip cards with chip technology as an increased security measure.
Cramer said he thought VeriFone would get a lift from that, but in the current market environment, it's not. Cramer noted VeriFone's last quarter was good.
Cramer was also asked if Netflix is a buy, hold or sell. He answered that investors should buy the stock when its below $94 or $95. Cramer also said TheStreet's in-house technical analyst Bruce Kamich has a story on Netflix today and it's a "must read."
Cramer's last question was about whether Freshpet will report positive earnings. Cramer pointed out the publicity around Freshpet has been bad, and if you want to own pet food stocks, he likes J.M. Smucker (SJM - Get Report), which owns Big Heart Pet Brands.
Cramer is the portfolio manager of Action Alerts PLUS. Send your Twitter questions to Cramer using #CramerQ.