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When James Altucher from recently asked people their top picks for a

country to invest in, Jim Cramer responded with France.

"France, of all places, is the best market in the world because of Nicolas Sarkozy," he told viewers of his "Mad Money" TV show Wednesday. Although everyone expected him to give a "standard" BRIC (Brazil, Russia, India or China) answer, Cramer explained that Brazil is too levered to the U.S. economy, he doesn't trust the accounting in Russia or China, and India has moved too much.

Meanwhile, Cramer believes that Sarkozy could "single-handedly" turn France into the best market in the world if he wins the presidential elections. It would be a win of the "capitalist counterrevolution," Cramer said.

With the strength Cramer sees in some of these French stocks, "this is the France of equality and profitability," he said. "We're about to have the right man running France," and to celebrate, Cramer gave viewers two stocks to play "the most exciting market in the world."

The first incursion into the French market, he said, is

CGG Veritas

( CGV), an oil patch play.

The company is involved with geophysical services, which means that it maps the land for oil exploration companies to let the drillers know where they should be digging. CGG Veritas is also the largest supplier of the equipment used to find the land and map it, Cramer said.

In addition, the fundamentals here are strong, and offshore drilling is big, as is evident from


(RIG) - Get Transocean Ltd. Report

recent number, he said. Cramer owns Transocean for his charitable trust,

Action Alerts PLUS.

France is the "No. 1 market" right now, and people should invest in it with CGG Veritas, he said.

French Tips

Cramer's second France-based pick and "the stock people should reach for first" is

Veolia Environnement


, he said. The stock is a play on water, waste management and transportation, which in the end makes it a play on privatization.

Cramer believes that water and the treatment of waste water is being privatized worldwide and that VE is the beneficiary of that because it's "more efficient" and "does a better job."

With services in 57 countries, VE is an international business, he continued. And not only is its waste management business massive, but it also has the ability to convert waste into energy.

It's the larger provider of energy consumption services, too, which is good in a world where people are starting to take global warming seriously, Cramer said.

No matter who wins the French election, Cramer said VE is a stock he likes, and he called it a buy.

Image placeholder title

As a more speculative play on Sarkozy winning the elections, Cramer recommended



because Sarkozy has said he'd like to put a Taser stun gun in every police vehicle in France.

"If Sarkozy wins, this would be a huge win for Taser," Cramer said. However, he warned viewers that Taser is "not for the faint of heart" and is "a risky speculative play."

Am I Diversified?

As part of the "Am I Diversified?" game, Cramer's first player called in with the following five stocks:


(DIS) - Get Walt Disney Company Report



( ETEL),

Brocade Communications



Sirius Satellite Radio

(SIRI) - Get Sirius XM Holdings, Inc. Report


Jones Soda



Cramer said that although the portfolio looks diversified on the surface, it has four speculative names: Sirius, Jones Soda, Brocade and eTelecare. He suggested the caller pick up "high quality" defense, health care and machine industrial stocks.

The next caller named these five stocks:


(DE) - Get Deere & Company Report


Gilead Sciences

(GILD) - Get Gilead Sciences, Inc. (GILD) Report


Polo Ralph Lauren

(RL) - Get Ralph Lauren Corporation Class A Report


J.C. Penney

(JCP) - Get J. C. Penney Company, Inc. Report



(HAL) - Get Halliburton Company (HAL) Report

, a stock Cramer owns for his charitable trust.

He said Ralph Lauren, as an apparel company, and J.C. Penney, as a retailer, could be considered a pair. But since all the five stocks in the portfolio were high quality, Cramer blessed it as diversified.

Cramer's last caller said his portfolio was made up of the following five plays:

CNA Financial

(CNA) - Get CNA Financial Corporation Report


Exxon Mobil

(XOM) - Get Exxon Mobil Corporation Report


Yamana Gold

(AUY) - Get Yamana Gold Inc. Report


Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. (GS) Report



(DEO) - Get Diageo plc Sponsored ADR Report

TheStreet Recommends

, the last two of which Cramer owns for Action Alerts PLUS.

Cramer called the caller's portfolio perfectly diversified.

During the "Mad Mail" segment, Cramer said he would buy


(VZ) - Get Verizon Communications Inc. Report

as a telco play and that he is a "big believer" in


(AAPL) - Get Apple Inc. (AAPL) Report


He told another viewer that he believes we will be sliding into a recession if the


doesn't cut rates. However, Cramer said this shouldn't take the


down because it has a lot of international stocks. Cramer likes "aggressive international or defensive domestic" stocks here.

Responding to his last mailer, Cramer recommended buying

Level 3 Communications


"aggressively" for its next run to $7. LVLT closed at $5.42 on Wednesday.

During the "Sudden Death" round, Cramer was bullish on

SWS Group



Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. (GS) Report

. He was bearish on

Acme Packet

( APKT).

Lightning Round

Cramer was bullish on


( NMX),




Patterson-UTI Energy

(PTEN) - Get Patterson-UTI Energy, Inc. Report



(NBR) - Get Nabors Industries Ltd. Report



(ACN) - Get Accenture Plc Class A Report



(MO) - Get Altria Group Inc Report


Energy Metals

( EMU),


(MOS) - Get Mosaic Company (MOS) Report


Healthcare Services

(HCSG) - Get Healthcare Services Group, Inc. Report



(CHE) - Get Chemed Corporation Report


Vulcan Materials

(VMC) - Get Vulcan Materials Company Report


Cramer was bearish on


( DIVX),


(NVDA) - Get NVIDIA Corporation Report


Fronteer Development

( FRG) and


(ANDE) - Get Andersons, Inc. Report


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


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At the time of publication, Cramer was long Altria, Halliburton, Transocean, Diageo and Goldman Sachs.

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.