Cramer's Stop Trading! 3 Top Brazilian Stocks (12/11/09)

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Includes: BSBR, CPL, ED, GGB, NUE, PBR, SAN, VALE
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Friday December 11.

Gerdau (NYSE:GGB), Nucor (NYSE:NUE), Vale (NYSE:VALE), CPFL Energia (NYSE:CPL), Consolidated Edison (NYSE:ED), Banco Santander (STD), Petroleo Brasileiro (NYSE:PBR), Banco Santander (Brasil) (NYSE:BSBR)

Cramer discussed Brazilian stocks on Friday's Stop Trading, and put Gerdau (GGB) alongside Nucor (NUE) as "the one or two great steel plays in the world." He especially likes Gerdau as a play on the infrastructure buildout approaching the 2014 World Cup and the 2016 Olympics. Cramer thinks Vale (VALE) will benefit from the infrastructure buildout as well, and is seeing huge demand in China.

Cramer prefers CPFL Energia (CPL) to any American utility company, even Consolidated Edison (ED), especially since the latter has reached Cramer's $45 price target. He commented that Brazil's power grid is growing while the grid in the U.S. is stagnant.

While Cramer thinks Banco Santander is "one of the most responsible lenders in the world" he would avoid buying the IPO of its Brazilian unit (BSBR). He would also avoid Brazilian integrated oils like Petroleo Brasileiro (PBR).

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