Shares of FMC Corp (FMC) are hitting new 52-week highs on Wednesday, climbing 8.4% after the company beat on earnings per share and revenue expectations.

The company has a lithium division that is absolutely "on fire," TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said on CNBC's "Stop Trading" segment.

Management "dramatically raised their numbers for lithium," which is a key component in batteries, Cramer explained. FMC is likely to spin-off its lithium business into its own separately traded entity. This will give investors a pure-play lithium stock, which should benefit from constantly increasing demand of battery products.

FMC is also a big beneficiary from the Dow Chemical (DOW) -DuPont (DD) merger, as it was able to buy part of Dow's agriculture business at a very attractive price, Cramer noted.

FMC is "such a great stock" that "can go much higher," he said.

"This is a new star and people should focus on it," Cramer concluded.

More of What's Trending on TheStreet:

At the time of publication, Cramer's Action Alerts PLUS had a position DOW. 

More from Stocks

Other Electric-Car Makers Can't Compete With Tesla's Battery Tech

Other Electric-Car Makers Can't Compete With Tesla's Battery Tech

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Dow Tumbles as Trump Ratchets Up China Trade Fight

Dow Tumbles as Trump Ratchets Up China Trade Fight

10 Stocks Goldman Sachs Thinks Will Crush the S&P 500's Performance in 2019

10 Stocks Goldman Sachs Thinks Will Crush the S&P 500's Performance in 2019

Dropbox Is the New Defensive Stock to Own With the Market Falling Apart

Dropbox Is the New Defensive Stock to Own With the Market Falling Apart