Cramer's 'Stop Trading!': Sell X, Buy NUE

On Friday's "Stop Trading!" segment on CNBC, Jim Cramer said that his "two Europe plays that I think work big here" are BP(BP Quote) and Unilver(UN Quote).

BP's "CEO said as long as oil stays at or around $50, you're going to be able to take that dividend to the bank," said Cramer. "Here we are at 60, and yet the stock's only up a buck and a half from when he said that."

Cramer said BP was the "cheapest oil company I follow."

He said that Unilever's reorganization "is making it much more competitive against Procter & Gamble(PG Quote). It has been a terrific stock."

He said regrets not holding onto Unilever in his Action Alerts PLUS charitable trust, but he now thinks the company "has the greatest growth prospects of the packaged goods industry, much, much more than almost any other company."

Cramer said that it's becoming clear that the difference between Obama and most other presidents is that "when he says something, he gets it done." So Cramer offered up a trade based on Obama's environmental push: Sell U.S. Steel(X Quote) and buy Nucor(NUE Quote).

He said that U.S. Steel would be heavily taxed vs. Nucor and that "there's a lot of room for it to fall."

He said he loves U.S. Steel's management, but the stock "doesn't work in this new environmental universe."