Buy Diana Shipping ( DSX), Jim Cramer said Monday on CNBC's Stop Trading! segment.

Cramer said the company is a great play on the rise of worldwide shipping, as measured by the huge Baltic Dry Index.

Cramer is less taken with Kellogg ( K) and General Mills ( GIS), after Kellogg's earnings miss Monday. Cramer said he would sell both stocks because of inflation worries.

Cramer likes Cleveland-Cliffs ( CLF), saying it's a good integrated steel play -- it mines iron ore and other minerals -- that could be worth 50% above its recent $100 a share in a buyout.

Cramer said Merrill Lynch ( MER) chief Stanley O'Neal has to go and shouldn't get a big severance package after the bank's huge writedown last week. Cramer said O'Neal's bungling ruined the bonus pool for the firm's brokers and others -- so why should the CEO walk away with $159 million, as is reportedly due him?
At the time of publication, Cramer had no positions in stocks mentioned.

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. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his 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.