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Looking to Lighten Up? Here's How

Cramer on Wednesday said there are stocks worth buying, even in this tough market. For that reason, the "Mad Money" host recommends only selling stocks that are either exposed to the geopolitical unrest in Bahrain or the natural disasters in Japan.

In light of these events, Cramer noted high-end retail names have been hit. After all, both Coach and Tiffany & Co. have exposure to Japan, he said. Saks , however, is a 100 percent domestic. Still, its stock is being traded lower on Japanese fears, even though the events will have no impact on the underlying company and its multi-year turnaround.

Similarly, the earnings estimates for many multi-national food companies are too high because of a slowdown in Japan. B&G Foods , however, is a domestic food company. Should its dividend yield climb to 5 percent, Cramer thinks BGS is a buy.

Meanwhile, Cramer noted shipping rates are getting stronger because of ongoing problems in the Middle East and North Africa. Cramer thinks distribution may grow larger. He recommends taking a look at Nordic American Tanker Shipping , a Hamilton, Bermuda-based shipping company.

Cramer hopes these three stocks — Saks, B&G Foods and Nordic American Tanker — will trade lower, so investors can buy them cheaper and with better yields.

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