Cramer's 'Stop Trading!': Petrobras

"Short-term, we're getting a peak in the oil stocks," said Jim Cramer on Wednesday's "Stop Trading!" segment on CNBC. He recommended selling the stocks, or "at least take some profits," he said.

"There's really only one oil company that hasn't moved at all," said Cramer, "so even if you think energy is tired, like I do, look at Brazil." He said that Petrobras(PBR Quote) "had a series of fines, and yet nobody cares at all." He said it "has lagged every oil company worldwide and yet on an asset basis, it looks really cheap."

Cramer said he's looking at utilities and said it's "terrific" that NRG Energy(NRG Quote) CEO David Crane might be "willing to have some conversations at least" about being sold to Exelon(EXC Quote).

"I'm seeing a bottom" in utilities, said Cramer. "They have been miserable." He also likes Dominion(D Quote)....