RealMoney Radio: Foreign-Market Muddle

Cramer says that it isn't so easy to make money in the prized markets of China and India.
Author:
Publish date:

Although there are places other than the U.S. that have "incredible growth," such as China and India, it's not easy for companies to make money in these foreign markets, Jim Cramer said on his

"RealMoney" radio show Tuesday.

Companies want to take advantage of these "giant populations," but other than

Yum! Brands'

(YUM) - Get Report

KFC fast-food chain and

Starbucks

(SBUX) - Get Report

maybe in a couple of years, "no one has been able to make money off of these markets," Cramer said.

The Chinese don't want a lot of U.S. products and prefer their own equipment. That has "stung"

Lucent

(LU)

, Cramer said.

In fact, other than

Wynn Resorts

(WYNN) - Get Report

and

Las Vegas Sands

(LVS) - Get Report

, "there's been nothing new in the profit picture in China for years," he said.

Wal-Mart

(WMT) - Get Report

is now making the move to India, but nobody has considered that maybe the Indians don't want Wal-Mart and won't respond favorably to it, he said.

"Don't get your hopes up with Wal-Mart," Cramer said. Because it's not likely that Indians are any more drawn to "crummy" places like Wal-Mart than Americans are, he said.

"It's time to buy into some weakness" Cramer said, switching topic.

He said he likes the drug stocks here and is no longer worried about them with Democrats back in Congress, "given the power of pharma and the positive way seniors view the Medicare Part D plan."

Moreover, Cramer considers

Schering-Plough

(SGP)

and

Johnson & Johnson

(JNJ) - Get Report

, both of which he owns for his charitable trust,

Action Alerts PLUS, to be "exceptional stocks" that have been hammered endlessly ever since the elections.

It's time to start picking at these, he said, because the "drug stock negativity is way over done."

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

At the time of publication, Cramer was long Schering-Plough and Johnson & Johnson.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click

here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click

here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.