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

For a play on new infrastructure, buy ABB (ABB Quote), 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).

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) 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) plan hammered out," but the retail sector is oversold, he said. He mentioned Nordstrom (JWN Quote) and VF Corp (VFC Quote) as potential plays.