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"People were shorting FedEx (FDX) all last week because employment was bad," said Jim Cramer on Monday's "Stop Trading!" segment. "People seem to have forgotten it."

He said he thinks FedEx is "technically wrong." "Employment drives these types of companies," he said, "and employment's bad."

As for defensive name



, Cramer said there are many companies that might want to acquire the



competitor, such as










Brocade's unique "in the sense that if you don't snap it up, you're going to have to deal with Cisco," he said. "I think this thing is going to go for a much higher price."

Cramer was shocked that



announced a price increase for 2010, which told him that "we're too United States-centric. The rest of the world is recovering."

Caterpillar and



"look like they're rolling over," said Cramer. A lot of people were shorting them, he said, and then "boom, they're taking 'em right back up."

As for

Joy Global


, Cramer said that even though the Chinese are aiming for more ecological sensitivity by the year 2020, in the meantime, they've got to keep digging coal, and that's what you use Joy Global for."

Finally, Cramer liked Goldman Sachs' call on

Wells Fargo


, which he owns for his

Action Alerts PLUS

charitable trust. It "looks like a great call," he said. "If I were short Wells Fargo, I would want to cover.

(Editor's note: At the time of publication, Cramer owned Wells Fargo, Cisco, Goldman Sachs and Hewlett-Packard for his Action Alerts PLUS charitable trust.)