Jim Cramer Shares His Thoughts On Johnson & Johnson, Anheuser Busch And Starbucks

Jim Cramer said on CNBC's Mad Money that he would wait for Johnson & Johnson JNJ to drop to $110 before buying the stock.

Anheuser Busch Inbev SA NV (ADR) BUD traded lower because of the strong U.S. dollar. Cramer added that Constellation Brands, Inc. STZ is a better buy because the President-elect won't target beer in relations with Mexico. Cramer explained that people expect that Modelo and Corona are going to be taxed and he thinks it won't happen.

Starbucks Corporation SBUX is a buy, believes Cramer. He thinks the company has to work more on its mobile pay. Starbucks is a huge position in his charitable trust.