Cramer's Stop Trading: Berkshire Hathaway

Jim Cramer declares on his 'Stop Trading!' segment on CNBC Monday that 'what's good for GM is good for America.'

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Publish date:: Aug 9, 2010 3:45 PM EDT

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

Berkshire Hathaway

(BRK.B) - Get Report

-- 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

McDonald's

(MCD) - Get Report

, 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.