Jim Cramer's 'Stop Trading!': Don't Discount These Retailers

Jim Cramer talked coal, steel, health care, discount retailers and more on CNBC's "Stop Trading!" segment Wednesday.

Cramer began his segment with a brief take on coal and steel stocks. Right now the U.S. exports a lot of coal, he said, but with the raising of European Central Bank rates, there could be a possible slowdown.

As for steel stocks, Cramer noted the sector is "not doing as well" while rest-of-the-world plays are "being deflated."

As breaking news streamed from Lehman Brothers (LEH Quote - Cramer on LEH - Stock Picks), which is reportedly issuing stock to employees in an effort to retain talent at the firm, Cramer said that he believes "Lehman is not doing well," and that he would not "read into it [the news]."

He said Lehman, like General Motors (GM Quote - Cramer on GM - Stock Picks), has "no earnings power."

Moving onto health-care stocks, Cramer talked about UnitedHealth Group (UNH Quote - Cramer on UNH - Stock Picks), a "very heavily shorted stock." He said, "Sell it, just sell it," noting the troubled firm is "extremely overvalued."

Commenting on the retail sector, Cramer said it was "horrible," and that he has been telling investors to look at discount retailers Costco (COST Quote - Cramer on COST - Stock Picks), TJX Companies (TJX Quote - Cramer on TJX - Stock Picks) and Family Dollar (FDO Quote - Cramer on FDO - Stock Picks). He said that "we're in bad shape in the country right now," and stocks are reflecting this reality.