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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
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.
Not only is PHG's medical division great, but in addition, its service segment is growing, and it's a global leader in lighting systems, Cramer said. Many of PHG's lighting products save energy, making it a green play, as well.
PHG is a stock he wants to own, Cramer said. But he stressed that when buying, viewers should use limit orders.
Aero Bull Ride
A new way to ride the global bull market of aerospace is with a stock called
, Cramer told viewers.
Although many people may not have heard of it before, Woodward is not a new company, Cramer said. "It's just not that big yet."
But Cramer said that the stock's on his radar because it's doubled in the last two years, and he believes it's not done going up.
Last quarter, Woodward, which Cramer said is like a combination of
, "crushed" its earnings estimates and guided up for the year.
Though Woodward is "kicking butt" and firing on all cylinders, it is "criminally undervalued," Cramer said.
The company manufactures systems and parts for aircraft engines, turbines and power generators, and its customers are manufacturers in the power generation and aerospace sectors, he said.
"You don't want to miss out on the action even if you just heard of it now," Cramer said. He recommended that investors use limit orders to buy Woodward and cautioned them not to overpay for the stock.
All About the Breakup
Market players should take note of
, which reports earnings Wednesday, Cramer said.
"Forget the quarter," he said. Instead, Cramer suggested that people pay attention to the fact that the company is breaking up. According to Cramer, investors should get into stocks before they break up.
At the end of this month, American Standard has plans to spin off its vehicle systems business. If people buy the stock now, Cramer said, then by the time this spinoff takes place, they could see a quick $4 gain. And longer-term, ASD could go much higher, Cramer said.
Further, when ASD sells its kitchen and bath business and renames itself Trane, it will be left with only its heating and air-conditioning businesses. These three separate businesses, Cramer said, will be potential takeover targets on their own.
But because tax law will not allow the companies to be taken over right away, they should trade a premium before they are bought out, he said.
He recommended getting into ASD before the breakup happens at the end of the month. Buy half the position before Wednesday's report, he said, and put on the other half after.
chairman and CEO, joined Cramer on his show and talked about the difficulty of building power plants.
What's happening, the CEO said, is that power demand is moving up and supply is staying the same -- or not going up at the same pace. Therefore, Williamson expects to see "rising value and rising economic performance" from plants that are on the ground, he said.
Cramer called Williamson a "moneymaker" and said that Dynegy should be valued not in the near term but rather on the price of all its power plants. Then "you'll get a much higher price," he said.
To view Cramer's interview with Bruce Williamson, please click here.
Cramer was bullish on
Level 3 Communications
Cramer was bearish on
For more of Cramer's insights during the Lightning Round, click here
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