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Jim Cramer's Stop Trading! Nickel's So Sweet

TheStreet.com Staff

Buy nickel miners Lundin (LMC Quote) and Rio (RIO Quote), Jim Cramer said Wednesday on CNBC's "Stop Trading!" segment.

Cramer said a recent rise in the crucial Baltic Dry Index shows that there's "no global economic slowdown." By contrast, Cramer said, "the world is growing too fast" for the Fed's comfort when it comes to inflation.

Cramer said growth overseas -- particularly in China -- will power shares of nickel producers like Lundin and Rio higher in coming weeks and months.

Cramer said investors should steer clear of tech, which he called "a bad area like housing." He said Washington Mutual (WM Quote) is worrisome because of sloppy lending practices but better off than its mortgage-heavy rivals because of its big deposit base.