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PEWAUKEE, Wis. (

TheStreet

) -- According to Jim Cramer,

TST Recommends

nat gas stocks are trading like the market knows something major is about to happen in Washington.

That something could be a major change to the energy bill, or something else that will justify the continued decline in nat gas. Cramer said nat gas stocks such as

Ultra Petroleum

an

Chesapeake Energy

(CHK) - Get Report

would be down much more if there wasn't something positive going on underneath the surface.

With so much uncertainty in the nat gas sector, Cramer has turned his attention toward the banking stocks. On Thursday, he noted that a

new American banking giant is quietly emerging.

Cramer said

Banco Bilbao

(BBV)

could be the winner off the huge failure of Texas bank

Guaranty Financial

(GFG)

. If Bilabo can gain control of Guaranty's assets, it could end up being one of the strongest Southeast regional banks and possibly one of the 10 largest banks in the U.S.

Recently, Cramer found opportunity in stocks that are dropping due to the weakness in China, retail stocks and natural gas stocks. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on

CNBC

and his

RealMoney

blog posts (these blog post require a

RealMoney

subscription).

Cramer's Stock Buys Off a China-Led Drop

: Cramer sees opportunity in stocks that have dropped due to China's large decline. In an

Aug. 19 blog post

, he wrote: "I am sitting here right now trying to figure out how much

Express Scripts

(ESRX)

should be down off of China."

Cramer's Stock Buys Off a China-Led Drop

include

Apple

(AAPL) - Get Report

and

Panera

(PNRA)

.

Cramer's Vulnerable Nat Gas Stocks

: Cramer believes there are problems ahead for the natural gas complex. In an

Aug. 17 blog post

, he wrote: "At these prices, of course, all the marginal players go belly up. That's kind of like what is happening in the homebuilding industry."

Cramer's Vulnerable Nat Gas Stocks

include

Chesapeake Energy

(CHK) - Get Report

and

Southwestern Energy

SWN.

Cramer's Hedgies' Worst Fear Stocks

: Cramer knows exactly what bearish hedge funds fear the most. In an

Aug. 19 blog post

, he wrote: "You have to admit that this plethora of positives, this parade of non-horribles, is the biggest fear of the hedge funds on the way home tonight."

Cramer's Hedgies' Worst Fear Stocks

include

Union Pacific

(UNP) - Get Report

and

Coca-Cola

(KO) - Get Report

.

Cramer's Retail Stocks Getting Stronger

: Cramer thinks the media is wrong with their bearish stance on the retail sector. On

Wednesday's "Mad Money" episode,

he told viewers that the

Wall Street Journal

is wrong with its recent story that the consumer is holding back the economic recovery.

Cramer's Retail Stocks Getting Stronger

include

Home Depot

(HD) - Get Report

and

Target

(TGT) - Get Report

.

Cramer's Stock Tells for a Major Correction

: Cramer is watching a number of stocks for signs that a much bigger correction could be in the cards for the markets. In an

Aug. 17 blog post

, he wrote: "All had been acting great on up days and not so badly on down days. If they change patterns and get hit hard, then maybe something serious is upon us. Otherwise, 3% to 5% decline ahead. But I don't think more than that."

Cramer's Stock Tells for a Major Correction

include

Google

(GOOG) - Get Report

and

Colgate

(CL) - Get Report

.

Cramer's China-Isn't-Everything Stocks

: How important is China to the U.S. economy? In an

August 17 blog post

, Cramer wrote: "The Empire area might be doing better, but who cares, the Chinese empire's bad! Does anyone else feel like our market's a colony of China?"

Cramer's China-Isn't-Everything Stocks

include

Bucyrus

(BUCY)

and

Potash

(POT)

.

-- Written by Roberto Pedone in Pewaukee, Wis.

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(Editor's note: At the time of publication, Cramer owned Home Depot and Express Scripts for his Action Alerts PLUS charitable trust.)