NEW YORK (TheStreet) -- On his Tuesday Stop Trading! segment on CNBC, Jim Cramer laid out six requirements that would be conducive to a market recovery: financial regulation, an end to the oil spill, a Chinese economic soft landing, stabilization in the euro, the stabilization of Banco Santander (STD) and a pick up in employment.
Some of these requirements have been somewhat fulfilled for Cramer: financial regulation -- "that's done;" a cooling Chinese property market -- "that's positive," he said. That said, Cramer believes that
stock can go all the way to $45.
Still, Cramer noted that companies like
are telling stories communicating that "we really need to put more people at work."
Cramer said that he doesn't understand why everyone's so "fixated on China," when a lot of the export numbers we've bee seeing lately has been attributable to Latin America. "We should really open up these borders. Stop focusing on free trade with China. Why not Latin America -- Brazil, Chile, Colombia, Argentina, Mexico, Canada -- we can be like this global force," he said. He added that Brazil, which will be hosting the 2016 Olympics, could be an "exploding" economy.
Despite concerns that
might recall iPhone4 units due to antenna complaints and criticism of the company's new $30 bumper case for the iPhone4, Cramer called Apple a "buying opportunity" on the show. During the show, he also called
a breakout stock. "It's everyone's de facto call on a worldwide recovery."
Cramer also said he likes
, while noting that
, which provided an uplifting quarterly guidance Tuesday, has for the first time in long time said that it's feeling good about refining.
is another stock Cramer looked at Tuesday, amid Wall Street predictions of tightness in flash supplies.
Cramer's Stop Trading!: Alcoa, Yum, Qualcomm
-- Reported by Andrea Tse in New York
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