"The Treasury's doing everything right," said Jim Cramer on Thrusday's "Stop Trading!" segment on CNBC. "This particular plan, the 3 million, would be good for retail."

"If

FDIC Chairman Shelia Bair gets her way and we bail out 3 million homeowners," he said, "that's the first good news" for stocks such as

Loews

(L) - Get Report

and

Home Depot

(HD) - Get Report

, which Cramer said would get a "lift." He also sees good things in store for

Black & Decker

( BDK) and

Fortune Brands

( FO) under Bair's plan.

"The plan is right, and I salute her for getting on board," he said.

Avon

(AVP) - Get Report

and

Colgate

(CL) - Get Report

are "big international business," Cramer said. People assume that Avon does well in times of economic crisis because "you have more people who are going door to door, looking for that second job," he said, but Avon has been completely obliviated." He said it is "such a disaster that even though it yields 4%, I would not buy it."

Colgate, on the other hand, had a quarter "so good that I would buy it."

Infrastructure plays such as

Manitowoc

(MTW) - Get Report

and

Foster Wheeler

(FWLT)

were "just decimated by the hedge funds," Cramer said, but "I am seeing new orders coming in every day, and I'm not hearing cancelations."

He added that with Manitowoc and

Terex

(TEX) - Get Report

, he's "worried about used cranes."

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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