Jim Cramer's Stop Trading! Toyota Terrific

Expect Toyota (TM Quote) to "take out the highs" in coming days as its struggling rivals in Detroit pledge to shrink their way back to profitability, Jim Cramer said Wednesday on CNBC's Stop Trading! segment.

Cramer said Toyota, up $2 at $137 Wednesday afternoon, is poised to hit a new high at $138 as DaimlerChrysler (DCX Quote) joins the cutback crowd. Cramer said plans to slash production and output at Chrysler, Ford (F Quote) and GM (GM Quote) will be good for everyone in the business.

Cramer likes First Solar (FSLR Quote), the alternative-energy play that's up 30% Wednesday at $44.50, because it "actually makes money" and was not "created by Wall Street to steal your commission dollars."

Cramer says Accredited (LEND Quote) could have some value at its recent $26, given that book value is closer to $30. He said all bets on subprime lenders are predicated on Ben Bernanke's suggested rate cuts coming to pass this spring. Even so, Cramer prefers Countrywide (CFC Quote). He says lower rates will bring subprime loans back to life and, following the recent shakeout of all the low-margin lending "jokers," profits will expand.

Cramer also suggested a leveraged buyout of Canada, as "private equity will buy absolutely anything." He would then spin off the timber and mineral interests first, leaving "the maple leaf for last."