NEW YORK ( TheStreet) -- There are some great stock plays coming out of Brazil, Jim Cramer said during his Stop Trading! segment on CNBC.
Cramer says Gerdau, a low-cost producer of steel, is a great play on Brazilian infrastructure and would own this stock right through the World Cup and the Olympics. It has a $15 billion budget for the Olympics.
Cramer owns Vale for his charitable trust.When it comes to integrated oils, however, Cramer isn't getting behind companies like Petroleo Brasileiro (PBR - Get Report). One of the biggest initial public offerings of the year came from Banco Santander Brasil (BSBR - Get Report). Despite the deal garnering $2.02 billion, Cramer says you don't want to own the company. Instead, Cramer says to look to its parent, Banco Santander (STD), which he says is really in control. "It is one of the most responsible lenders in the world," he said.