Cramer Shares The Stocks He Would Buy

On CNBC's Mad Money, Jim Cramer shared with the audience the stocks he would buy after the sell off on Monday.

Cramer thinks that people who don't have time to pick individual stocks should buy index funds. He added that this is the time to start buying dividend oriented mutual fund or ETF with high yielding characteristics. People who don't have time to search for these funds can simply buy SPDR S&P 500 ETF Trust SPY, but it is important to open the position gradually and use for example only a quarter of the cash on the account.

When it comes to the individual stocks, Cramer wants to buy General Mills, Inc. GIS, PepsiCo, Inc. PEP, Kimberly Clark Corp KMB, Southern Co SO, Verizon Communications Inc. VZ, Kroger Co KR, Nordstrom, Inc. JWN, Home Depot Inc HD, Darden Restaurants, Inc. DRI.

For younger people, Cramer recommended high growth names like Netflix, Inc. NFLX, Google Inc GOOGL and Apple Inc. AAPL.

Cramer would buy these stocks slowly and he is willing to miss some profits if they jump before the position is accumulated because he still sees some downside risk.