Cramer's 'Stop Trading!': Family Dollar

"There's a lot of undercurrents right now. I call this the battle for the soul of the market," said Jim Cramer on CNBC's "Stop Trading!" on Wednesday. "Are we doing badly in this country, are we doing less bad, or are we doing well?"

He said that when people see commodities down for the third day in a row, they think things are bad and turn to stocks like TJX(TJX Quote). "The company that I think is the best in that sector is Family Dollar(FDO Quote)," he said, and 99 Cents Only Stores(NDN Quote) is "a good one, too."

The other way to go, he said, is to "buy the highest-growth stocks not tied to minerals or fertilizer, and that means biotech. "You saw Genzyme(GENZ Quote) get really banged yesterday," he said, "and look at the explosion in that stock."

Celgene(CELG Quote) has also been "very challenged," he said, and now it's up.

Cramer said he's called a bottom in housing. "We are at the bottom," he said, but he cautioned that that "doesn't mean we're going to accelerate." To play housing, he said to own Bank of America(BAC Quote), which he owns himself in his Action Alerts PLUS charitable trust.