Cramer says Verizon offers capital preservation with its dividend and capital appreciation with its many growth opportunities.
Cramer is taking General Electric over AO Smith and is avoiding Valero Energy.
What should you do? Cramer says sell into any strength and continue to nibble at the cheapest of stocks as they head still lower.
Investors are still coming to grips with the fact that world growth is slowing, which makes this week's game plan tricky, Cramer says.
Jim Cramer shares his views on hopes for a down opening and a vicious market hit. Facebook, Apple, Alphabet and Starbucks are among the stocks discussed here.