Cramer's Going Global Theme Stock Picks for 2010 (VALE, STD, CHU, PCU, NAT, STO, BHP, BNS, JDSU)

Jim Cramer came out with his series of themes for 2010 on CNBC’s MAD MONEY this evening, and tonight’s theme was ‘Going Global.’  Despite the market being overbought and the negative news headwinds, today held up better than expected.  He called the remarkable bull market strong for everything recovering from autos to chemicals to chips to healthcare.  Vale S.A. (NYSE: VALE), Banco Santander S.A. (NYSE: STD), China Unicom (NYSE: CHU), and Southern Copper (NYSE: PCU) were his developing nation picks.  Nordic American Tanker Shipping (NYSE: NAT), Statoil (NYSE: STO), BHP Billiton (NYSE: BHP), and Bank Of Nova Scotia (NYSE: BNS) were his developed nation picks.  He even endorsed JDS Uniphase Corp. (NASDAQ: JDSU).

Tonight’s picks for “going global” were for 20% of your portfolio and meant to be a hedge for protection against Nancy Pelosi.  Brief explanations are below for the developing nations picks and for the developed country picks, although with most at or close to 52-week highs Cramer noted you might want to buy some now and wait or hope for a pullback.

In developing nations, Cramer picked Brazil, China, and Peru.  Brazil’s economy is very insulated, growing, and has Vale S.A. (NYSE: VALE) is his pick for mining and construction with nickel and copper reserves and has double-digit growth. Banco Santander S.A. (NYSE: STD) is the parent of the huge Santander IPO last year. China is replacing America and Cramer noted that China Unicom (NYSE: CHU) is one of the largest phone players in China and has the exclusive on the iPhone with 21% of the wireless market and a chance to grow market share.  Peru has one big thing despite being on a tear and having its debt upgraded, and that is Southern Copper (NYSE: PCU) in natural resources.  It is number five on the planet for copper and China can’t get enough of it.

In developed countries with pro-business policies and low taxes, Cramer wanted to look at the nations of Norway, Australia, and Canada.  Norway’s economy picks is for the strong currency and for its natural resources and that it exited the recession first and tightened its lending.  Nordic American Tanker Shipping (NYSE: NAT) for transport shipping and Statoil (NYSE: STO) is the pick as the sixth largest European oil player.  In Australia, Cramer likes the resource-driven economy and it effectively  BHP Billiton (NYSE: BHP) is into all the major natural resources that is a one-stop shop for everything coming out of the ground.  In Canada, it is also resource-driven and has very strict bank regulation that allowed the Canadians to miss out on the bank crisis.  His pick for Canada is a bank: The Bank Of Nova Scotia (NYSE: BNS) even though analysts are against it.  On the Lightning Round he endorsed JDS Uniphase (NASDAQ: JDSU) as being back and in the right spot, and he said “I invite management to appear on the show” because he wants to get deeper on that one.

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JON C. OGG
JANUARY 6, 2010