Cramer's Stop Trading!: Yahoo!, Apple

On his Wednesday Stop Trading! segment on CNBC, Jim Cramer recommends Yahoo! for its 'incredible' Chinese assets and ample cash.
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NEW YORK (TheStreet) -- On his Wednesday Stop Trading! segment on CNBC, Jim Cramer said he's been recommending Yahoo! (YHOO) because of its "incredible" Chinese assets and ample cash.

In Cramer's opinion, Yahoo! is "one cheap stock."

The company, Cramer said, has had a multi-year turnaround with very little downside.

On Wednesday,

AT&T

(T) - Get Report

announced it will begin offering measured rate plans in place of its current unlimited ones for new smart phone users.

"AT&T's pricing strategy makes sense to me," Cramer commented.

On the topic of smartphone devices, Cramer believes that

Apple

(AAPL) - Get Report

, which to him is one of the cheapest stocks on the market right now, will steal

Nokia's

(NOK) - Get Report

thunder in China.

"They want the iPad and iPhone," he explained. "Nokia has a huge business in China that will be taken away by the iPhone. Nokia is going to get trashed."

During an address to an audience in Pittsburgh Wednesday, Obama for the first time talked about tapping into natural gas "in the same breath as nuclear energy," Cramer observed.

Natural gas stocks took off after that. "It's a major game changer," Cramer remarked.

Cramer's Stop Trading!: J. Crew, Cirrus

Click here for Cramer's Tuesday Stop Trading! segment.

-- Reported by Andrea Tse in New York

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