Jim Cramer on When Johnson & Johnson Is a Buy

Jim Cramer breaks down how investors should be looking at Johnson & Johnson.
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Is it Friday yet?

The markets opened down on Monday morning. 

The Dow Jones Industrial Average fell 213 points, or 0.89%, to 23,886, the S&P 500 declined 0.83%, and the Nasdaq was down 0.91%.

Jim Cramer admitted that he was happy to see the markets open down. 

When asked what his thoughts were on Johnson & Johnson (JNJ) - Get Report --a holding in his Action Alerts Plus portfolio--he said that, so long as the shares keep falling, he believes that investors could be buying shares as soon as tomorrow. 

Johnson & Johnson is Real Money's stock of the day

In his daily video for Action Alerts Plus, Cramer broke down the price target that he and his team are looking for when it comes to Johnson and Johnson. 

Cramer mentioned that he will be interviewing Alex Gorsky, chairman and CEO of J&J on Mad Money Monday night. 

Meanwhile, Cramer said that he doesn't expect the markets to experience a Santa Claus Rally. 

TheStreet's London Bureau Chief Martin Baccardax breaks down what exactly a Santa Claus Rally is and what the markets should expect in TheStreet's Trading Strategies podcast, which can be found below.