Look outside of the U.S. for the next opportunity in equities, particularly beyond the southern border, said TheStreet's Jim Cramer on Tuesday.
"I think Mexico is making a remarkable comeback. Do not short Mexico," Cramer told TheStreet's Rhonda Schaffler at the New York Stock Exchange.
Mexico's economy expanded 2.5% in 2015, steadily gaining steam from 2.1% growth in 2014 and 1.4% growth in 2013. Mexico has also enjoyed a solid start to the new year, registering strong growth in its agricultural, manufacturing and services sectors.
Cramer singled out Cemex (CX - Get Report) as one Mexican company which deserves consideration. The concrete producer and distributor has risen just over 35% since the beginning of the year, handily outpacing the S&P 500's (SPY - Get Report) 2.8% increase.