Publish date:

Jim Cramer's Stop Trading! Purchase Pepsi

Cramer likes the soft drink giant's transformation.

Buy

Pepsi

(PEP) - Get Report

, Jim Cramer said Tuesday on

CNBC's

"Stop Trading!" segment.

Indra Nooyi is "the most exciting CEO in America today" in shifting the company's focus to healthier snacks from soda and chips, Cramer said. He said he believes she's not getting credit for the transformation.

Cramer also likes

Medco

(MHS)

, citing its gains from generic drug growth. "This is your Bernanke disaster scenario stock," he said, saying it could rise to $100 from a recent $88 and still look cheap to big institutional buyers.

Cramer said shorting

CIT

(CIT) - Get Report

could be a "gigantic mistake," but he wouldn't buy the common stock. He suggests buying January 30 calls as a bet on the company being sold.

Cramer likes European telcos

KPN

TST Recommends

(KPN)

,

Vodafone

(VOD) - Get Report

and

Deutsche Telekom

(DT) - Get Report

because they're "on fire."

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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