Cramer's 'Mad Money' Recap: Stars of India

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Textile Tact

A broad textile trade agreement reached by the U.S. and China this week should be a boon to U.S. synthetic-fiber maker Albany International (AIN Quote), said Jim Cramer Thursday on his "Mad Money" TV show.

Albany is levered to the high-quality outdoor and outerwear market in the U.S. and is now protected from Chinese competition, he said. That means Albany should be able to sell more of its product at higher prices, said Cramer.

Albany's stock, which is near a 52-week high, is expensive, said Cramer. Nevertheless, he believes that the stock is going higher and sees Albany as an 18-month play. So, consider buying a partial position now and buying more later if the stock goes down, he said.

Cramer is not a fan of any other publicly traded U.S. textile stocks. "They're all bad companies," he said. "For a bad company in a bad spot, good news like this is not enough," he said.

In response to a question about how to play the record U.S. trade deficit announced Thursday, Cramer said he likes Toyota Motor (TM Quote) and Honda Motor (HMC Quote) off those numbers.

Ink India

Cramer said that a recent blurb in The Washington Post quoted Treasury Secretary John Snow saying that India is making "excellent" progress in its financial and banking sectors and that Snow wants India to "open up its financial sector to foreigners."

President Bush is scheduled to travel to India during the first quarter of next year, said Cramer, adding that Bush is sure to second what Snow says about India's banks. Cramer believes that Bush's India trip will create buzz around that country's financial sector.

"Wall Street ... listens to Bush, and they always listen to buzz," said Cramer. "Why not get into India ahead of the buzz?"

Cramer recommends HDFC Bank (HDB Quote) as the best way to play it. HDFC pulled back about 20% in October from its 52-week high, but Cramer believes that the stock is coming back now.