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Brazil's banks should offer solace to investors who are turned off by America's weak consumers, Jim Cramer told viewers of his "Mad Money" TV show on Tuesday.

Calling Brazil's growing economy "investor nirvana," Cramer pointed out that Latin America provides an important market to American companies that are suffering at home.


(WHR) - Get Report



(CL) - Get Report

can both attribute today's earnings success to Latin American exposure, Cramer said.

Brazil is particularly good for investors because its consumers are growing richer. The


also has a role in a Brazil play. Lower interest rates are great for Brazil's banks, because "credit cards and mortgages are a recent discovery" for the country," Cramer said. Lower interest rates in America mean the Brazilian market will open up as well.

Additionally, global money managers want to buy banks, but takeover targets are scarce. Brazil offers two possible candidates:

Banco Bradesco

(BBD) - Get Report


Banco Itau

( ITU).

Banco Bradesco is the best way to play the Brazilian utopia, Cramer said. BBD has five advantages over ITU.

First, BBD is the larger of the two banks. Second, it has fewer bad loans as a percentage of total loans. Third, BBD is the market leader in asset management insurance and pension plans. Fourth, BBD has 20% of its ATMs and branches in the wealthier northern half of Brazil compared to ITU's 6%.

And finally, BBD trades at 14 times earnings, whereas ITU trades at 16 times earnings. If BBD's price-over-earnings ratio were to rise to match ITU, the share price would rise from $32 to $40.

Banco Bradesco handily beats Banco Itau as a play on Brazil's emerging market, Cramer said.

Corning a Value Play

An upcoming FCC ruling on cable companies' relationships with building developers and owners should benefit


(GLW) - Get Report

, Cramer said. Additionally, the company has innovated bendable optical fiber, a development that should significantly reduce the cost of installing cable networks in apartments and apartment buildings, Cramer said.

Furthermore, Corning has issued a conservative forecast in a recent earnings report. Cramer believes that means the company is playing the underpromise, overdeliver game. Compared with other companies in its sector, the company is tremendously undervalued, Cramer said. Investors looking to make a play on LCD companies and fiber optics should take a look at this company.

Tesoro Treasure

Cramer said investor Kirk Kerkorian's recent interest in



could help lift the stocks of other refiners, such as

Valero Energy

(VLO) - Get Report

(SUN) - Get Report



(SUN) - Get Report


Marathon Oil

(MRO) - Get Report

. Of the three, he prefers Marathon.

Lightning Round

Cramer was bullish on


(VOD) - Get Report


Annaly Capital Management

(NLY) - Get Report


Perry Ellis International

(PERY) - Get Report


NexCen Brands

( NEXC),

Phillips-Van Heusen

(PVH) - Get Report


Synchronoss Technologies

(SNCR) - Get Report





TheStreet Recommends


(AAPL) - Get Report



( RIMM),

Research In Motion

( RIMM),

Furmanite Corporation



Foster Wheeler



(MO) - Get Report



(CL) - Get Report


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Cramer was bearish on

J2 Global Communications

(JCOM) - Get Report



( SSRX),




E-House (China) Holdings



ConAgra Foods

(CAG) - Get Report



(SYNA) - Get Report


Procter & Gamble

(PG) - Get Report


Sudden Death

During the Sudden Death round, Cramer was bullish on

Research In Motion



Diana Shipping

(DSX) - Get Report


He was bearish on


( PALM) and




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Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.