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Lightning Round OT: El Paso, American Movil and More

Gerdau : Cramer said this stock has hit its bottom and he recommended buying GGB right here. The steel sector as a whole is oversold, he said.

El Paso : Cramer was disappointed with El Paso’s most recent quarter considering how strong natural gas prices had been. There are better nat-gas plays than EP for investors who want them.

Telefonos De Mexico : TMX, and American Movil, are both buys, Cramer said.

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    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

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