Skip to main content

"Russia's so hard. I'm just really scared of it," said Jim Cramer on CNBC's "Stop Trading!" segment on Wednesday. "It wavers between autocracy" and an American-style market, he said, though it has potential as a "great contrarian play."

As for China, he said, "If everybody's all in China, you do want to step for a moment and say, 'Wait a minute. I'm no longer contrarian.'"

He offered specific plays on Brazil, including


(VALE) - Get Vale SA Report


Banco Bradesco

(BBD) - Get Banco Bradesco SA Report

, which he said is "well behind the group and should be bought."

He also recommended Chilean lithium miner

Sociedad Quimica

(SQM) - Get Sociedad Quimica y Minera de Chile SA Report

as a play on Obama's green agenda, because of the use of lithium in batteries. "I think copper's going to be a play, and lithium's going to be a play," he said.

He also targeted natural gas stocks as a green play. "I think that the market is saying that green includes natural gas," he said. "Natural gas hit under $4 today, and look at these stocks. They're screamin'!"

Cramer said that "lots of companies," including


Scroll to Continue

TheStreet Recommends

(GE) - Get General Electric Company Report

, are "ramping off of the weaker dollar. Today,


(MCD) - Get McDonald's Corporation Report



(PG) - Get Procter & Gamble Company Report

both rose on upgrades.

"I've never seen big-cap stocks operate like this on an upgrade," he said. "What a market. What a smokin' market!"

At the time of publication, Cramer was long General Electric.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here. has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from