This column was originally published on RealMoney on Feb. 22 at 9:03 a.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.

Another big day in Europe, driven by some remarkable earnings.

Allianz

(AZ)

,

Axa

(AXA)

,

Nestle

,

BAE

and

BASF

undefined

are all on the move.

Think about it; that means you have two financial service companies, a food company, a defense company and a chemical company, all with big capitalizations, all on the prowl.

Could one of our investment banks or insurers be stolen by Allianz or Axa? I don't see why not.

How about the food companies, like

ConAgra

(CAG) - Get Conagra Brands, Inc. Report

or

Heinz

(HNZ)

or

Campbell

(CPB) - Get Campbell Soup Company Report

, that's struggling with a lack of respect? How about

Kraft

TheStreet Recommends

(KFT)

? They all seem natural for a hook-up with Nestle.

L-3

(LLL) - Get L3 Technologies Inc Report

lacks a partner; how about BAE? And there are so many chemical companies in the need of consolidation, I have to believe that BASF might want one; don't forget that the

GE

(GE) - Get General Electric Company (GE) Report

unit is for sale.

All of these earnings reports are happening in

one morning

. It is no trick that these European reports tend to be better than the ones U.S. companies deliver. They benefit from better yield curves, a better tone of business, a better business climate and better sales to central Europe and other places we still don't have our teeth into the way we should.

Look for rumors involving all of these companies because they, too, fear the antitrust, pro-consumer agenda of the Democrats. No wonder those markets are, once again, beating the performance of our own markets.

Random musings:

When you see this kind of outperformance in Europe, you should think

NYSE Group

(NYX)

, because that's who is going to capture the lion's share of what is looking like a pro-corporate revolution on the Continent. ... When you're assessing the promise in these stocks, remember to use all the tools at your disposal, including

TheStreet.com Ratings Screener. Because

bad buys won't become takeovers.

General Electric owns CNBC, for which Cramer is a featured commentator. At the time of publication, Cramer was long NYSE Group.

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

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.