This week on the CNBC Show "Mad Money", ex-hedge fund manager Jim Cramer, host of the show, is recommending Eastern European or Russian Stocks, one stock each day of the week.
On Monday, Jim Cramer recommended Michel Steel (MTL), a steel company.
On Tuesday, Jim Cramer recommended Wimm Bill Dann (WBD) a dairy and juice producer.
Can we guess the other three companies?
There aren't that many Russian stocks which sell as ADRs (American Depository Receipts), and Mad Money can't recommend stocks on the "pink sheets".
Jim Cramer will recommend a telecom company. Candidates include Mobile TeleSystems (MBT), Rostelcom (ROS), Golden Telecom (GLDN) and Vimpel Communications (VIP).
My first guess would be Vimpel Communications (VIP) and possibly Mobile TeleSystems (MBT) because of the wireless growth.
Eastern European companies are under consideration.
My second guess would be Polish Vodka company, Central European Distribution (CEDC).
Another Eastern European company worth considering is Central European Media Enterprises (CETV). Growth in this area should be great.
A Natural Resources Company would be my fourth guess. There are many Russian resource companies such as Lukoil and Gazprom, and Norilsk Nickel (world's top producer of Nickel), but they sell on the "pink sheets".