The money is in foreign firms buying U.S. companies, Jim Cramer said on CNBC's Stop Trading! segment Monday.

Arab and Chinese firms buying up American companies is not a bad thing, Cramer said. "We have to stop being so parochial. If the Chinese want in, fine." Cramer pointed out the jobs provided by such foreign firms as

Toyota

(TM) - Get Report

and

Honda

(HMC) - Get Report

: "Better to do it here than there," he said.

Philips Electronics'

(PHG) - Get Report

$2.7 billion purchase of

Genlyte

( GLYT) is one foreign buyout that has benefited shareholders. "Cash is king," Cramer said. Other than

Celgene

(CELG) - Get Report

, few American firms have paid the kind of money seen today, when Philips, based in the Netherlands, exploited a strong euro to offer a 52% premium over Genlyte's Friday closing price.

Cramer also pointed out that

LSI Industries

(LYTS) - Get Report

is another candidate for a buyout after reporting a "great quarter."

Rockwell Automation

(ROK) - Get Report

, a "behind-the-scenes real estate" company that looks "boring" on the surface has been producing "un-boring" results, Cramer said. He also said viewers should look for purchases by

BASF

and

Nestle

. "There's a lot of little companies" that are ready to be bought, He said.

Olin

(OLN) - Get Report

, for example, "would be a natural fit for BASF."

Cramer urged viewers to stay away from

Garmin

(GRMN) - Get Report

in this tough market. "Garmin is becoming more of a commodity," Cramer believes. "I'd sell the stock ... too many people nipping."

At the time of publication, Cramer had no position in any stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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