"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
, which he said is "well behind the group and should be bought."
He also recommended Chilean lithium miner
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
, are "ramping off of the weaker dollar. Today,
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.
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