NEW YORK (TheStreet) -- Jim Cramer declared on his Stop Trading! segment on CNBC Monday that "what's good for GM is good for America" -- reiterating his belief that all Americans should be able to benefit from the GM IPO.
Meanwhile, Cramer's top stock pick on Monday was
-- a "clear" buy.
Cramer said Berkshire's railroad business is "on fire."
On Friday, Berkshire Hathaway said second-quarter profit fell 40%. While the company's derivative losses dominated news headlines following the second-quarter report, Cramer said they were "all wrong."
Cramer said Berkshire's second quarter was one of the company's best operating quarters.
Another one of his picks was
, whose earnings are "accelerating," according to Cramer.
Cramer said McDonald's is a"well-run company" and he's "blown away" by its current menu.
Cramer's Stop Trading!: P&G, GM
Click here for Cramer's Thursday Stop Trading! segment
-- Reported by Andrea Tse in New York
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