NEW YORK (TheStreet) -- Nordic American Tanker (NAT) - Get Report is a "conservative company" in a "conservative country" with the "cleanest balance sheet in the shipping industry" and a "good yield," said Jim Cramer on Thursday's "Stop Trading!" segment on CNBC. It's "gonna clean up when things go bad."
Cramer's also been "aggressively" recommending
"because that is the oil company of growth in Europe," he said.
In both cases, Cramer said he was in agreement with the thinking of Tiger Management Chairman Julian Robertson, who had spoken with host Erin Burnett earlier. "Robertson is one of the few people in the country where you've got to listen," said Cramer, "and if your viewpoint is way away from his, you've got to recalibrate because he is that good."
Cramer said that, starting yesterday, he's calling for a correction. "The action in the last half hour yesterday, I thought, was very significant," he said. "There's no reason ... to buy stocks right here. You can own some, but I would trim back."
For later, "once we come back," Cramer recommended such stocks as
, which he said Robertson also liked. "I've been probably the biggest supporter of Apple," said Cramer.
Cramer also owns
charitable trust and said he agreed with Robertson that it's "a great play on transactions and on paper going to plastic," said Cramer. "Visa and Apple are two that I would buy more of on the way down."
He also said he still likes
"You could say, 'Well, Jim, you're just "Me, too" to Mr. Robertson,' to which I would say, 'You bet I am,'" said Cramer.
-- Written by Rebecca Corvino in New York.
(Editor's note: At the time of publication, Cramer owned Visa for his Action Alerts PLUS charitable trust.)