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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Thursday November 8.

Don't Let the Dow Get You Down: Starbucks (NASDAQ:SBUX), McDonald's (NYSE:MCD), Wal-Mart (NYSE:WMT), Activision (NASDAQ:ATVI), Nordstrom (NYSE:JWN)

With the Dow down again for the second consecutive day since the election, a full 121 points, Cramer doesn't think it is time to panic out of stocks. Starbucks (SBUX) has been disappointing, but can go much higher, with its accelerated store growth. McDonald's (MCD) has also been a disappointment. This once consistent grower is showing lower same store sales and is facing more competition. However, it still has potential in emerging markets, especially in China. While Hurricane Sandy seems like a disaster to the economy, it could cause infrastructure building and growth that can create more jobs. Cramer would beware of retail, especially after Nordstrom's (JWN) lackluster quarter. Oils have been down and might see a rebound, and banks are not necessarily worse under Obama than they would have been under Romney.

Cramer took some calls:

Wal-Mart (WMT) is a stock that could go down another 5 to 8 points.

Activision (ATVI) is in a troubled industry. On good news, the stock doesn't move, and on bad news ATVI plummets.

Abbott Labs (NYSE:ABT). Other stocks mentioned: Bristol Myers (NYSE:BMY)

Abbott Labs (ABT) is a stock Cramer has liked for some time, and he likes it even more now that it is breaking itself up into a medical services business and a pharma company. The stock has gained 21% since last year, and sells at a multiple of only 12 compared to its 9% growth rate. The stock should see some upside following the American Association for the the Study of Liver Disease Conference, during which ABT will unveil its results for its Phase II clinical trials of its Hepatitis C treatment. In addition, the company will have a roadshow revealing the positive results of its drugs. Cramer would buy ABT ahead of these catalysts.

Cramer took some calls:

Bristol Myers (BMY) reported a great quarter, but lacks a catalyst.

CEO Interview: Cheryl Bachelder, AFC (AFCE)

AFC, the owner of Popeye's restaurants, has seen a tremendous run of 85% for the year. This is a 14% gain since Cramer got behind the stock in August. The company has been successfully closing non-performing stores and opening new ones. CEO Cheryl Bachelder says that AFC is opening more freestanding units than any other company in its category, and sees unit growth increasing by 4%. The company now appeals to a diversity of customers, and is opening locations in more high-income areas. AFC is remodeling 1/3 of its locations, and hopes to achieve a complete remodeling of its stores in 3 years. AFC is purchasing bankrupt operations and refurbishing them to run under the AFC brand, "We couldn't be more excited," says Bachelder. Cramer thinks AFC is a great stock in a good category.

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Source: Cramer's Mad Money - Don't Let The Dow Get You Down (11/8/12)