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

Buy SPX (SPW Quote) Jim Cramer said on CNBC's "Stop Trading!" segment Thursday.

Cramer praised CEO Christopher Kearney, calling him "truly impressive." He said SPX represents "what I call one of the new tech stocks." He said the company is making energy-efficient machines. He said SPX reminds him of Emerson Electric (EMR Quote), and he also likes action in U.S. Steel (X Quote) and Cleveland-Cliffs (CLF Quote).

On the broader market, Cramer said, "This is an outright bullish day." He said some might believe that it's because of options expirations, but he said he believes "there's a lot of money coming into this market right now. ... It's very hard not to like this market."

Cadbury (CBY Quote) announced a bullish forecast today. Cramer recommended that viewers take a look at Heinz (HNZ Quote), PepsiCo (PEP Quote) and Coca-Cola (KO Quote) on that news.

Cramer then spoke about wind energy. He said billionaire investors Warren Buffett and T. Boone Pickens are both into the trade. He said that Trinity Industries (TRN Quote) has a "business that should be on fire." He said railroads are another play on the wind business, mentioning Union-Pacific (UNP Quote) among other stocks. He also likes Owens Corning (OC Quote) and Woodward Governor (WGOV Quote), he said.

"I don't think people have yet grasped the significance of this cheap form of power," Cramer said. "The wind issue is bigger than solar."

On investor speculation that the dollar may strengthen, Cramer told viewers to pay attention to supply-demand imbalances, saying the dollar's strength or weakness is less important than those factors. He said that Transocean (RIG Quote), for example, faces earnings visibility years into the future.

Cramer said the dollar "is an obfuscation" of more important trends. "Buy what's in short supply and strong demand," he said. "Don't overfocus on the dollar or [Federal Reserve Chairman Ben] Bernanke. ... It's a mistake."