Jim Cramer, portfolio manager of TheStreet’s Action Alerts PLUS and host of CNBC’s ‘Mad Money,’ talked about how to play defense in a down market on Friday. Cramer advises to invest in pharmaceutical and food names, like Eli Lilly (LLY), Mondelez (MDLZ), Kraft Heinz (KHC). He added that investors should avoid companies who have to borrow to pay their dividends, like Kinder Morgan (KMI). Cramer was asked by a viewer why falling oil prices aren’t helping a stock like UPS (UPS), and he pointed to reports that the company is struggling to keep up with orders. Cramer was also asked about the Dow Chemical (DOW) and DuPont (DD) merger. He said investors will continue to get their dividends if they own Dow Chemical while the deal is being finalized, which he added will take a long time. Action Alerts PLUS owns Dow Chemical, and Cramer likes the deal, saying he’s confident it will bring out great value. Cramer was asked about VeriFone (PAY) ahead of its earnings report, and he responded that he favors Blackhawk (HAWK) over VeriFone. Send your questions to Jim Cramer on Facebook or on Twitter to @JimCramer, using#CramerQ.