Jim Cramer's 'Stop Trading!': Buy ABB

For a play on new infrastructure, buy ABB (ABB Quote - Cramer on ABB - Stock Picks), Jim Cramer said on CNBC's "Stop Trading!" segment Monday.

"A lot of people feel that because of muni bond problems ... maybe you need to have less domestic." Cramer pointed out that ABB, a Swiss industrial equipment company, doesn't have the same risky exposure to U.S. infrastructure. "They get their fair share of nuclear orders. ... That could be a good way to go without going, 'Oh, another municipality is paying too much.'"

Cramer also advised investors to look at Honeywell (HON Quote - Cramer on HON - Stock Picks).

In honor of Beltone Financial's "Egypt Day" at the New York Stock Exchange, Cramer recommended the SPDR S&P Emerging Middle East & Africa (GAF Quote - Cramer on GAF - Stock Picks) ETF. He added that "stocks are too narrow" for a play on Egypt.

As for other emerging markets, Cramer let viewers know he no longer considers Brazil as an emerging market. Citing the fiscal responsibility and dynamism of the economy, he compared Brazil to the way the U.S. used to be.

To conclude, Cramer noted, "We are seeing a major selloff in retail." Cramer believes that this could be a buying opportunity. "I don't know if I want to buy the banks until we have the Ambac (ABK Quote - Cramer on ABK - Stock Picks) plan hammered out," but the retail sector is oversold, he said. He mentioned Nordstrom (JWN Quote - Cramer on JWN - Stock Picks) and VF Corp (VFC Quote - Cramer on VFC - Stock Picks) as potential plays.