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

Stock quotes in this article: ABB , HON , GAF , JWN , VFC  

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.

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At the time of publication, Cramer had no positions in any of the stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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