Jim Cramer's Stop Trading! Buy Alcoa

Buy Alcoa (AA Quote - Cramer on AA - Stock Picks), Jim Cramer said Monday on CNBC's "Stop Trading!" segment.

Cramer said the Pittsburgh-based aluminum company won't be public by the end of the year. He pointed to Monday's reports that BHP Billiton (BHP Quote - Cramer on BHP - Stock Picks) of Australia will buy the company, which is busy trying to take over Canada's Alcan (AL Quote - Cramer on AL - Stock Picks).

Cramer called a downgrade of FedEx (FDX Quote - Cramer on FDX - Stock Picks) ahead of Wednesday morning's earnings "gutsy," saying it highlights the weakness of the domestic economy. But Cramer cautioned against selling the stock, which is down around 1.5% Monday, because "what worries me is, can you ever get back into FedEx" after a downgrade should the stock resume rising.

Cramer said Wendy's (WEN Quote - Cramer on WEN - Stock Picks) biggest problem is that the franchisees don't like management. He expects the company to be sold to private equity because there is room for a third burger chain after McDonald's (MCD Quote - Cramer on MCD - Stock Picks), which he calls a better stock, and Burger King (BKC Quote - Cramer on BKC - Stock Picks).