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Wed. Night's Report

"Emerging Market Action"

"Companies in emerging markets should keep on chugging. These stocks have been hit hard, but I think they're a buy now."

Top 5 Emerging Market Picks

 - Mexican cellular company
(TATA MOTORS INC) - Indian auto manufacturer
 - Mexican construction  
TNE  (TELE NORTE LEST) - Foreign wireless
CIB  (BANCOLOMBIA SA) - Cramer recommended the stock last year at $18. "If you bought it, then you'd still be up," he said.

The bottom line:
"The bottom line is that emerging markets aren't just safe, they're cheap," he said. "They will bounce back because they have some of the best stories out there."


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