Cramer's 'Stop Trading': Demand Favors Cleveland-Cliffs

"Forget the United States" when it comes to coal, Jim Cramer told viewers on CNBC's "Stop Trading!" segment Monday.

"Coal prices are being set in China, not here," he said. However, he believes Peabody Energy BTU is "not done going up." Cramer also said he didn't buy into the "sticking it in the ground argument" regarding carbon in the U.S.

Next he moved on to last week's contract for nuclear waste, describing Fluor FLR as "a company to think of when you think 'nuclear waste.'"

Moving on, Cramer touched on Cleveland-Cliffs CLF, which he described as "a favorite, even pre-[stock] split." He said that "you need iron ore" and that Cleveland-Cliffs is a play on earnings because "there are few independent iron companies, and the end demand for steel is off the charts."

Cramer finished by focusing on some financials, notably SunTrust STI, which he said "may be selling off some of Coca-Cola KO."

He also briefly mentioned Merrill Lynch MER by commenting "it's extraordinary how far they've fallen."