Cramer's 'Mad Money' Recap: Royal Philips Welcome

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"If you want to make money right now, you need to be a true international pimp," Jim Cramer told viewers of his "Mad Money" TV show Monday.

"What's hot right now overseas?" he asked. "Europe."

Every day this week, Cramer is dedicating a segment of his show to finding his best European stocks, he said. The continent is red hot right now, and it's the right time for investors to get into these stocks, he said.

Cramer said that the European stocks he'll be mentioning this week are ones people should consider getting into. They are unlike Europe exchange-traded funds, which Cramer called "useless."

He said he likes to focus on companies, rather than ETFs, on his show, because with ETFs people don't just get best-of-breed European companies -- they also get "Eurotrash."

Cramer traveled to the Netherlands and named Royal Philips Electronics (PHG Quote) as his first foreign buy. PHG, a "giant" electronics company, is a stock no one cared about a few years back. But now "it cannot be beaten," Cramer said.

In fact, right now he estimates that PHG is worth 20% more than its current price of $43.75. The company has four major conglomerate businesses and four major unconsolidated investments, Cramer said. The sum of its parts, he continued, is greater than the whole.