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The former Warsaw Pact countries have turned themselves around, Jim Cramer told viewers of his "Mad Money" TV show Monday.

While many investors may think of Russia just in terms of its vast natural resources, Cramer noted that many sectors of the Russian economy are now "on fire."

According to Cramer, the way to play the newly ignited Russian economy is with steelmaker


(MTL) - Get Mechel PAO American Depositary Shares (Each rep. 1) Report

, one of the "one of the best international steel plays around."

Cramer: Stick With Ag

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He said the company is seeing strong demand not only from inside Russia, but also from China and the Middle East.

Cramer also likes Mechel for its vertical integration. The company currently produces 100% of its own coal, 92% of its own iron ore and 55% of its own nickel. As a result, Mechel is a leader in its industry because it is able to source all of its own raw materials.

Cramer warned investors to exercise some caution in purchasing Mechel shares. He said that the company's current valuation, at 11 times forward earnings, makes the stock expensive. He also noted that Mechel is only 13 points off a recent 52-week high.

His advice: Wait at least five days from today or for a pull back before pulling the trigger.

A Stimulus Plan That Works

"Forget about the economic stimulus package here in the U.S.," Cramer said. Instead, he encouraged viewers to look into the recently announced $5.6 billion stimulus package in Mexico really benefits companies.

He said the package, which includes a 3% income tax break for companies, along with a 10% to 20% decrease in the price of electricity and reductions in mandatory payroll benefit payments, should be a windfall for the Mexican economy.

One of the largest beneficiaries of the new stimulus, is

Formento Economico Mexicano

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TheStreet Recommends

(FMX) - Get Fomento Economico Mexicano S.A.B. de C.V. Report

, parent company to the largest bottler of


(KO) - Get Coca-Cola Company (The) Report

in Latin America, he says.

Besides Coca-Cola, the leading soft drink brand in Latin America, Formento also distributes over 70 other soft drink brands throughout the region. It is also the second largest brewer in Mexico, distributing over 31 brands.

Cramer also likes Formento for its ownership of the OXXO convenience store chain. "These convenience stores are the perfect outlet for Formento's products," he said. He said Formento also makes its own glass bottles and bottle caps, making it less susceptible to any increase in raw costs.

As with investing in Mechel shares, Cramer advised investors to wait for a pullback and buy the stock on weakness.

Catch-Up Stocks

In a new series called "Catch-Up Stocks," Cramer highlights stocks that are lagging versus their competitors and are poised to "catch-up" for big gains.

Tonight he focused on corregated cardboard maker


( TIN), a stock which is down 27% since he first recommended it back on March 20, 2007.

According to Cramer, Temple-Inland doesn't deserve to be lagging behind competitor


(LPX) - Get Louisiana-Pacific Corporation Report

, which is up a quick 25% since March 20 of this year, while Temple-Inland is up a paltry 11% in the same period.

With its 3.1% dividend yield, Cramer called Temple-Inland the "picture of stability," saying that weakness in both the economy and housing sectors will not hurt the company as much as anticipated.

According to Cramer, the weak U.S. dollar makes U.S. cardboard cheaper around the world. With the U.S. having one of the largest uncut softwood forests left on the planet, Temple-Inland is poised for years of success, he says.

Cramer also looks favorably at Carl Icahn's 9.8% stake in the company as added protection.

Mad Mail

In the "Mad Mail" viewer feedback segment, Cramer once again urged viewers to visit and voice their support for the merger between

Sirius Satellite

(SIRI) - Get Sirius XM Holdings Inc. Report


XM Satellite Radio

( XMSR).

Cramer recommended


(FCX) - Get Freeport-McMoRan Inc. Report

to a viewer who was looking for a way to play the new regime in Cuba.

When a viewer asked for a good trucking stock, Cramer recommended


(R) - Get Ryder System Inc. Report

, but also said that


(UPS) - Get United Parcel Service Inc. Report

is also cheap at the moment.

Final Note

In a final note, Cramer added Hector Ruiz, President and CEO of

Advanced Micro Devices

(AMD) - Get Advanced Micro Devices Inc. Report

to his "Wall of Shame."

He told viewers he would buy


(INTC) - Get Intel Corporation Report


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Lightning Round

Cramer was bullish on

TJX Companies

(TJX) - Get TJX Companies Inc. (The) Report


Urban Outfitters

(URBN) - Get Urban Outfitters Inc. Report


Rofin-Sinar Technologies



Companhia Siderurgica Nacional

(SID) - Get Companhia Siderurgica Nacional S.A. Report


Schnitzer Steel

(SCHN) - Get Schnitzer Steel Industries Inc. Report



(VZ) - Get Verizon Communications Inc. Report



(T) - Get AT&T Inc. Report


Lockheed Martin

(LMT) - Get Lockheed Martin Corporation Report



(FRO) - Get Frontline Ltd. Report


Triple-S Management

(GTS) - Get Triple-S Management Corporation Report


Cramer was bearish on

Toyota Motor

(TM) - Get Toyota Motor Corporation Report



(EBAY) - Get eBay Inc. Report


Iowa Telecommunications

( IWA),

American Capital Strategies



Eagle Bulk Shipping

(EGLE) - Get Eagle Bulk Shipping Inc. Report


Bare Essentials

( BARE).

Want more Cramer? Check out Jim's rules and commandments for investing by

clicking here


For more of Cramer's insights during the Lightning Round, click here


At the time of publication, Cramer was long Verizon and Freeport McMoRan.

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.