Click here for an archive of Cramer's "Mad Money" recaps.


"When it comes to investments, Brazil makes the U.S. look like wimps," Jim Cramer told viewers of his "Mad Money" TV show Thursday.

He wondered why investors would want to invest in U.S. stocks, with all their recession fears and economic issues, when they could in Brazil instead?

According to Cramer, the Brazilian economy has a lot going for it. "Brazil is a country in charge of it's own destiny," he said.

Cramer noted the Brazilian currency, the Real, is one of only a few currencies that's appreciating in value. Even billionaire investor Warren Buffet is long the Real, he noted. Cramer also touted Brazil for its energy independence and abundance of natural resources.

On Feb. 5, Cramer recommended four Brazilian stocks. Since then, those stocks are up an average of 11%, while the S&P500 was down 1.2% during the same time period. This has sparked Cramer to revisit the Brazil and recommend mining giant Vale ( RIO).

Vale is largest producer of iron ore and the second largest producer of both nickel and coal. "These are all resources that are in high demand," said Cramer.

Cramer said Vale looks attractive for investors after its failed attempt to acquire the European mining company Xtrada. "It doesn't look like Vale is going to pay up for Xtrada, and that means they're smart," he said. But he also noted that once the arbitrage pressures are relieved, Vale's stock will be a coiled spring headed higher.

Using estimates from Goldman Sachs, Cramer sees Vale hitting $57 a share.

Smart Moves

"In this market, nothing is more important than safety," Cramer told viewers. That's why he recommended Dow Chemical ( DOW) as a high-quality, high-yielding stock for consideration.

Cramer said Dow has what investors need: a great dividend that is yielding 4.5%. The company also has a long history of paying that dividend and raising it, something the company has done 47 times in the past 95 years, Cramer noted. "This is not a fly-by-night operation," he said.

Cramer likes Dow for the way it is reinventing itself as a non-cyclical stock. "Typically, you wouldn't consider a chemical company at this point in the cycle," but Dow is not a typical chemical company, he said.

Cramer pointed out two recent partnerships to support his point. First, Dow entered into a joint venture with Kuwait on Dec. 13 to help lower the company's cost for oil and natural gas. Since that announcement, Cramer noted, Dow's stock has fallen.

Cramer also pointed out Dow's recent partnership with agriculture favorite Monsanto ( MON) to create new hybrid corn seeds. "As Dow becomes less of a chemical stock and more of an agriculture play, it gets more and more attractive," he said.

Much of the downside is already priced into the stock, said Cramer, but none of the upside is yet. "Things are tough for Dow, but the company is responding."

Scale Out of Nokia

In the "Sell Block" segment, Cramer recommended investors begin selling Nokia ( NOK) into any strength.

According to Cramer, the time to sell Nokia is now, due in part to the Texas Instruments' ( TXN) conference call Monday. On that call, Texas Instruments lowered its guidance, citing slower orders from a "large wireless customer." Cramer believes that customer to be Nokia.

Cramer also sees problems on the horizon for Nokia due to a looming price war with the faltering Motorola ( MOT) and increased competition from Apple's ( AAPL) iPhone.

The sell call was especially painful for Cramer, who's been a fan of the company since April, 2005. Since first recommending it, Nokia is up 100%, and is up 14% since July 2007.

Although Nokia is the "best of the breed," he said, "you have to sell it in the face of lower demand and increased competition."

Lightning Round

Cramer was bullish on Sadia ( SDA), Salesforce.com ( CRM), Research In Motion ( RIMM), Apple ( AAPL), United Technologies ( UTX), Chicago Mercantile Exchange ( CME), Energy Transfer Partners ( ETP), Sunoco ( SUN), Marathon Oil ( MRO), Applied Materials ( AMAT) and Intel ( INTC).

Cramer was bearish on Under Armour ( UA), Gilead Sciences ( GILD), Systemax ( SYX), Western Refining ( WNR) and Advanced Micro Devices ( AMD).

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 TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com 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 TheStreet.com, 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 TheStreet.com 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, TheStreet.com 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 TheStreet.com, 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 TheStreet.com. 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 TheStreet.com, 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.