Cramer's 'Mad Money' Recap: Financial Stocks to Avoid

The Next Baidu

For investors that want to seek shelter in a foreign stock, Cramer recommended Mercadolibre (MELI Quote).

This company, he said, processes ecommerce transactions, which have been a good business domestically and is an even better business in Latin America, where it's based.

Moreover, Cramer believes Mercadolibre is similar to Baidu (BIDU Quote) and Google (GOOG Quote).

The stock has gone up, but it should go higher, he said, just like Google and Baidu continued to after they had runs. Mercadolibre "is the same kind of story and the same kind of stock," Cramer said, although it has more in common with Baidu.

Further, its estimates are low-balled and it's an unknown story right now, he said. However, investors could probably get a better price if they wait for a pullback. But with this kind of stock, Cramer said he wouldn't wait too long to pull the trigger.

Sudden Death Round

During the "Sudden Death" round, Cramer was bullish on PetroChina (PTR Quote).

He was bearish on E*Trade (ETFC Quote) and China Petroleum (SNP Quote).

Mad Mail

In his "Mad Mail" segment, Cramer said he recommends both Disney (DIS Quote) and McDonald's (MCD Quote), which he owns for his charitable trust, Action Alerts PLUS, as stocks parents could buy for their children.

Responding to another mailer who wondered about the recent fluctuating price of oil. Cramer said investors should not pay attention to futures but to the trend -- and the trend shows the price of oil is rising.