Cramer's 'Mad Money' Recap: Bonds and the Big Banks

Mining India

Sterlite Industries, which will soon start trading in the U.S. under the symbol SLT, is a speculative stock people should consider getting into, Cramer told viewers.

It's India's largest mining company and already trades there, he said. Although Cramer said he's liked India for a while, he's run out of names to talk about. There are only so many way people can play outsourcing before it gets stale. "SLT lets us play a new sector in India-mining," he said.

"Sterlite has steroidal growth," Cramer continued. Plus, it has China right next door ready to gobble up resources.

The mining company is primarily producing copper with a 42% market share, but it also has some zinc and aluminum exposure. But what really makes this stock so attractive, Cramer said, is "unfair competition." SLT is part of India's zinc duopoly, and Cramerica loves a duopoly.

Further, it's a state-run entity that has gone private. Privatized equities are often the best deals for investors because "democratically elected governments don't want to disappoint the electorate that they dumping the stock on," Cramer said. "They don't want the deal to blow up in their voters' faces, so they're all priced below what they should be."

SLT trades at a discount to other miners right now, but that should vanish once the company starts trading in America, Cramer said. He advised people to buy the stock at or under $14 and sell it at $20.