Jim Cramer, co-manager of the Action Alerts PLUS portfolio, and host of CNBC's "Mad Money," tackled questions on the economy and individual stocks at the New York Stock Exchange Wednesday.

His first viewer question was from Henry Blodget, an investor and CEO of Business Insider. Blodget asked Cramer if he agrees with a call from Citigroup, which is forecasting a 65% chance of a recession next year. Cramer responded that manufacturing is in a recession, but since the U.S. is a service economy, "we'll do OK." Cramer advised staying away from manufacturing-related stocks like Caterpillar (CAT) - Get Report  and Cummins (CMI) - Get Report , but said to buy bank stocks, since interest rates are expected to go up.

Several viewers asked about auto stocks. Cramer said the stocks have peaked, which is why he doesn't like Ford (F) - Get Report , and he added that General Motors  (GM) - Get Report is really a story about capital allocation. He called Tesla Motors (TSLA) - Get Report  a cult stock, and explained that Audi has a new car coming out that will compete against Tesla.

A viewer asked Cramer if Orbital ATK (OA)  and GeneralDynamics  (GD) - Get Report  were a good buy, and he responded by saying that LockheedMartin (LMT) - Get Report , an Action Alerts PLUS holding, remains his favorite. He said GeneralElectric (GE) - Get Report is in the sweet spot as a climate-change play and no other stock comes near it.

Switching gears, a viewer asked if Cramer could only hold one stock -- Verifone (PAY) or PayPal  (PYPL) - Get Report  -- which would he choose? Cramer said he owns PayPal, but he needs to see it go higher, adding, "they better start telling a better story." On a different note, Cramer also confessed that he's a burrito fan, even if they are fattening. He made the comment when a viewer asked about Chipotle Mexican Grill  (CMG) - Get Report , which is a stock he believes will be going higher.

In the energy space, Cramer recommended selling BP (BP) - Get Report , and said in the midstream space, companies like TargaResources (NGLS)  are under pressure because KinderMorgan  (KMI) - Get Report  is bringing the whole group down. "Be very careful," he added.

Another viewer asked if Mobileye  (MBLY)  would go back into the $60s and if UnderArmour  (UA) - Get Report  would go back into the $100s. Cramer said investors got too excited about Mobileye and GoPro  (GPRO) - Get Report , but that Mobileye does have some upside here. He also said Under Armour is a stock that you buy and stash away, even though the current quarter may not be great due to warm weather impacting results. 

Cramer was asked his opinion on MercadoLibro (MELI) - Get Report , which he said has been a big winner, and as a result, he'd take some money off the table. Cramer also said there's room for Skyworks Solutions  (SWKS) - Get Report  to move higher and he believes the stock has bottomed.

Finally, Cramer was asked about medical marijuana stocks, and said the only one he cares about is GWPharmaceuticals  (GWPH) - Get Report , but pointed to research questioning the longer term use of the drug.

Cramer answers viewers' questions in a daily segment with TheStreetTV. Send your questions to him on Facebook (FB) - Get Report , or on Twitter (TWTR) - Get Report , @JimCramer, and send questions with the hashtag #CramerQ.

At the time of publication, Cramer's Action Alerts PLUS had a long position in LMT, PYPL, FB and TWTR.