Jim Cramer's 'Stop Trading!': Buy First Solar

Buy First Solar (FSLR Quote), Jim Cramer said on CNBC's "Stop Trading!" segment Monday.

Spain, the largest solar market in the world, recently elected a Socialist prime minister, which may bolster demand for solar power in the country. After considering two possible plays on the news, Yingli (YGE Quote) and Suntech (STP Quote), Cramer said to stick with his recommendation, First Solar. "I've been staying away from all high-multiple [solar companies]. They've been crushed."

Goldman Sachs analyst Adrianne Shapiro listed four retail stock picks in a report. J.C. Penney (JCP Quote), Nordstrom (JWN Quote), Kohl's (KSS Quote) and Macy's (M Quote) are on Goldman's buy list.

Calling Shapiro a "breath of fresh air," Cramer nevertheless said he had thought the four retailers were "the four horsemen of the apocalypse because they've killed so many people."

Cramer was somewhat skeptical about a turnaround in retail. "You got the $600 coming, but against it you've got the unemployment number on Friday," he said, referring to the economic stimulus package and last week's weak jobs report.

"It's edgeless, but I like the report," Cramer said, "because I know that this group is inexpensive, and it's a better way to play a possible turn than to play a bank. Everyone should get this report because it's provocative."

He said Goldman's downgrade of Wal-Mart(WMT Quote) to buy from conviction buy implied the U.S. was moving past the cheap retail phase of the economic cycle. "You must believe the economy is going to turn in 2008 to believe her," he said.

On New York governor Eliot Spitzer's reported links to a prostitution ring, Cramer said, "Eliot's one of my oldest friends. ... I hope it's not true. ... Who the heck knows what goes on in people's lives? Who the heck knows?"