Italy and Spain are still weak, noted Cramer, which could signal bad news for multinational companies as well as the financials, both of which are still tied to the troubled continent. Cramer said he's still a buyer of stocks on any weakness, especially on weakness caused by Europe. But investors must always keep both eyes open to developments in the world's economies as they can still have an impact on the U.S. recovery.
Action Alerts PLUS . However, he wants to sell AbbVie. Cramer was not a fan of either Key Energy ( KEG), or Petrobras ( PBR).