Brazil was the focus on Friday’s Stop Trading!. Cramer highlighted what he thinks are the country’s stop stocks.
Brazil’s Gerdau and the US's Nucor are “the one or two great steel companies in the world,” Cramer said. He likes GGB as a play on Brazil’s infrastructure build-out going into the 2014 World Cup and 2016 Olympics.
“I’d own this one right through those periods,” Cramer said of Gerdau.
Cramer also recommended Vale , supplier of minerals, saying it too will take part in Brazil’s infrastructure growth. The company’s feeding China’s voracious demand as well.
Want a play on the Brazilian consumer? Then buy CPFL Energia , Cramer said. Unlike the US, Brazil’s power grid is still growing as the country’s population and industry expand.
“This is a really well-run company,” Cramer said of CPL. “I prefer it to any American utility,” even Consolidated Edison , which has reached his $45 price target.
One stock that Cramer urged viewers to avoid was Banco Santander’s recently IPO’d Brazilian unit . He said to buy the parent company instead, calling STD “one of the most responsible lenders in the world.”
Lastly, Cramer wouldn’t get behind Brazil’s integrated oil firms, including Petroleo Brasileiro .
“I don’t like that sector right now,” he said.
Cramer’s charitable trust owns Vale.
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