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"I am urging investors to not give up on stocks and to stay in the game," Jim Cramer told viewers of his "Mad Money" TV show Friday.

Cramer's comments came on a day when credit worries and weak economic reports sent the Dow plunging 316 points and Nasdaq falling 60 points.

As an alternative, he said investors should lighten up on U.S. stocks and invest in some international stocks.

He reminded viewers of the four Brazilian stocks he recently recommended, including


(GFA) - Get Report



(PBR) - Get Report



(RIO) - Get Report


America Movil

(AMX) - Get Report


Collectively, these stocks are up an average of 14.7% during a time when the domestic S&P average has been essentially flat, he said.

For a good international play, Cramer recommended


(TKC) - Get Report

, the largest wireless carrier in Turkey. The company currently has a 58% market share in Turkey and Cramer says Turkcell is expanding into neighboring, less-penetrated countries, affording it incredible growth potential.

The company recently reported a better-than-expected quarter, beating estimates by 8 cents a share. Turkcell was helped, in part, by a weak U.S. dollar and reported profits up 44% on a 50% increase in revenues. Cramer says Turkcell is a buy both because of its growth as well as the fact that it is not constrained by U.S. economic woes.

Cramer suggested buying Turkcell on any weakness in the stock, and getting in below $24 a share.

Opposing the XM-Sirius Merger

Cramer welcomed Democratic Congressman Gene Green from Texas to the show to discuss his opposition to the proposed merger between

Sirius Satellite

(SIRI) - Get Report


XM Satellite Radio

( XMSR).

Green said the merger would create a monopoly in the satellite radio industry, a scenario the Federal Communication Commission attempted to avoid when it issued licenses to the two companies. The FCC stipulated that they had to remain separate and provide consumers with choice.

He likened the proposed merger to the recently rejected deal between





(SATS) - Get Report

, stating that a merger would have created a monopoly.

Green said he does not believe both companies would fail without the merger.He acknowledged accepting money from the National Association of Broadcasters but said his campaign has accepted contributions from many interest groups, and that in no way sways his views on issues.

When pressed about the lengthy government delay on a decision on the matter, Green said he's not sure what is delaying the FCC.

Getting in on the Visa IPO

"In every bear market there is a silver lining," Cramer told viewers. In the current bear market, Cramer says that silver lining may be the upcoming initial public offering (IPO) of Visa, which is set to trade under the ticker symbol "V".

Cramer compared the Visa IPO to that of


(MA) - Get Report

last year. Since its debut, Mastercard is up 313%, and Cramer expects Visa to also be a winner.

With shares expected to price between $37 and $42 a share, Cramer says Visa is a better value than Mastercard. Visa has the larger electronics payment network and it has no credit exposure because it makes money processing electronic transactions, he noted.

Cramer also expects Visa to benefit from its Olympics sponsorship and says the company is not held hostage by the ailing U.S. economy. He recommended investors calls their brokers and do what they can to get in on the Visa IPO.

"When Wall Street hands you a gift, take it," he asserted.

Another Way to Invest in Gold

Cramer welcomed Sean Boyd, CEO of

Agnico-Eagle Mines

(AEM) - Get Report

to the show to discuss the company's outlook and growth prospects.

Boyd said the company is opening five new mines that will increase its output of gold five-fold. He also said the company's mine in Quebec not only extracts gold but also other commodities in demand like silver, zinc and copper.

When asked about gold prices, Boyd agreed with Cramer that gold could rise to as much as $1600 per ounce. "$1600 is not unrealistic," he said. According to Boyd, there are several factors that could take the price of gold higher, including limited supply, increasing demand, and the weakening dollar.

"Agnico-Eagle Mines is for me," Cramer said.

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Lightning Round

Cramer was bullish on


(ABB) - Get Report



(RIO) - Get Report



(CLF) - Get Report


Quicksilver Resources



Gushan Energy

( GU).

Cramer was bearish on


( OCNF),

RH Donnelley

( RHD),

Western Digital

(WDC) - Get Report


Delta Air Lines

(DAL) - Get Report


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


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.