Cramer's 'Mad Money' Recap: USA On, China Off (Final)
(Story updated to add Cramer's Lightning Round picks, his interview with the CEO of Western Gas Partners and his concluding remarks on sticking with Lions Gate Entertainment.)
NEW YORK (TheStreet) -- With the Chinese economy slow, it's time to buy American, Jim Cramer told his "Mad Money" TV show viewers Tuesday.
He said the stock market is no longer following China's every whim, but rather solid growth right here at home.
Cramer said the "USA on, China off" sentiments could clearly be seen in today's trading action. With the Chinese economy still slowing, stocks like BHP Billiton (BHP) , the Australian mining company that supplies China with tons of coal, saw its shares slump, taking mining equipment maker Joy Global (JOY) down with it. Steelmaker Nucor (NUE) also saw its shares shed $1 a share today. Likewise with engine maker Cummins (CMI) , which also has Chinese exposure.
Meanwhile here at home, Cramer said regional banks like SunTrust Banks (STI) or banking giant Wells Fargo (WFC) , saw no such decline. Cramer said American restaurants like Panera Bread (PNRA) and Darden Restaurants (DRI) saw shares rally nicely today.
Cramer said with U.S. hiring on the rise, along with commercial construction and the rebuilding of U.S. company inventories, the USA trade is one that will likely be with us for some time to come.