Cramer's 'Mad Money' Recap: Foreign-Favorites List Grows

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Jim Cramer added NTL (NTLI Quote) and Bank of Nova Scotia (BNS Quote) to the list of his five favorite foreign stocks on his "Mad Money" TV show Tuesday.

Starting with NTL, Cramer said it could be the next cable company to run. Although the stock did nothing throughout the big move in cable, Cramer believes NTL is ready to move now.

NTL, sitting on a big pile of debt, may not be best of breed, says Cramer. But the biggest cable company in the U.K. is rolling out a triple play. The triple play, in which a company supplies its clients with Internet, cable and phone service, has pushed all of the American cable stocks, even the worst of them, higher, he said. And it should do the same for NTL.

Moreover, while the old NTL had an image problem, now that Virgin Mobile owns a stake in it, NTL is changing its name to Virgin Media, Cramer said.

As the Virgin name and brand are "incredibly strong," he believes even more people will sign up for the company's triple play.

Nova Scotia Lock

The third-best international stock in Cramer's book is the Bank of Nova Scotia. The financial company has good growth, he said, adding that the bank also has a 3.3% dividend yield, which should keep increasing.

(For Cramer's top foreign-stock pick, see Monday's recap.)