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(Story updated to add Cramer's Lightning Round picks, his interview with the CEO of Western Gas Partners and his concluding remarks on sticking with Lions Gate Entertainment.)
NEW YORK (
TheStreet) -- With the Chinese economy slow, it's time to buy American, Jim Cramer told his
"Mad Money" TV show viewers Tuesday.
He said the stock market is no longer following China's every whim, but rather solid growth right here at home.
Cramer said the "USA on, China off" sentiments could clearly be seen in today's trading action. With the Chinese economy still slowing, stocks like
BHP Billiton(BHP), the Australian mining company that supplies China with tons of coal, saw its shares slump, taking mining equipment maker
Joy Global(JOY) down with it. Steelmaker
Nucor(NUE) also saw its shares shed $1 a share today. Likewise with engine maker
Cummins(CMI), which also has Chinese exposure.
Meanwhile here at home, Cramer said regional banks like
SunTrust Banks(STI) or banking giant
Wells Fargo(WFC), saw no such decline. Cramer said American restaurants like
Panera Bread(PNRA) and
Darden Restaurants(DRI) saw shares rally nicely today.
Cramer was also still bullish on the home improvement stocks, mainly
Home Depot(HD) and rival
Lowes(LOW), as well as American retailers like
Ross Stores(ROST) and
Cramer said with U.S. hiring on the rise, along with commercial construction and the rebuilding of U.S. company inventories, the USA trade is one that will likely be with us for some time to come.
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