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Stocks discussed on Jim Cramer's Stop Trading! TV segment, Wednesday August 19.

Potash (NYSE:POT), Wellpoint (WLP), Triple-S Management (NYSE:GTS)

In keeping with the hype about China, many investors expect that the U.S. market would fall along with Asia's, but because oil was up Wednesday, stocks avoided a decline; If oil had been down today,” Cramer said, “I think we might have been down a percent and a half.”

Cramer explained that while 15% of the S&P 500 is dependent on China, two-thirds of this amount is levered to oil, so if oil is up and China is down, the most the S&P 500 could lose on the news is 5%. He pointed to Potash, another play that is thought to be dependent on China, but is more affected by the price of oil, since it is a play on ethanol, and alternative energy tends to follow oil's ups and downs.

Not much is definite about Obama's healthcare plans, except that his reforms are unlikely to affect companies like WellPoint and Triple-S Management. Cramer expects the latter to move from $16.50 to $18 and notes the insurers have historically traded at a multiple of 14 but have been brought to 12 because of uncertainty over reforms. If the companies regain these two points, the stock prices could rise 10-15%.

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Walt Disney (DIS Quote), Union Pacific (UNP Quote), Vale (VALE Quote) and Wells Fargo (WFC Quote).

Burlington Northern Santa Fe (BNI Quote) and Teck Cominco (TCK Quote).

Source: Cramer's Stop Trading! Recovering from Obama's Healthcare Proposals (8/19/09)