Jim Cramer's 'Stop Trading!': Rio's Right

Buy Companhia Vale Do Rio Doce(RIO Quote - Cramer on RIO - Stock Picks), Jim Cramer said on CNBC's "Stop Trading!" segment Friday.

Beginning today's segment, Cramer mentioned Ambac(ABK Quote - Cramer on ABK - Stock Picks), saying that the losses that mutual funds are suffering are causing what we are currently seeing. He said that the "value guys seem to have run out of capital."

Moving along, Cramer said to "stay away from banks," and how Suntrust(STI Quote - Cramer on STI - Stock Picks) use to be "the gold standard."

Going into China stocks, Cramer said that he liked Gushan Environmental Energy(GU Quote - Cramer on GU - Stock Picks). He said that it is the only Chinese stock he is recommending. Cramer said that he likes this alternative energy company and they "will be inventive."

Next, Cramer discussed China and commodities with Rio Tinto's(RTP Quote - Cramer on RTP - Stock Picks) CEO, Tom Albanese. Cramer questioned him about what if Toyota(TM Quote - Cramer on TM - Stock Picks) makes the battery powered car while Albanese pointed out that it takes twice as much copper to produce a hybrid or battery powered car.

Another key ingredient that was not overlooked is aluminum, which Albanese said would increase in demand as it is utilized to make lighter vehicles.

Wrapping up the segment, Cramer said that he had one Brazil play. He said that Companhia is like Rio Tinto and he feels that it is "cheapest in the world right now," and that the decline in Brazil's market "makes no sense."