NEW YORK (TheStreet) -- On his Monday Stop Trading! segment on CNBC, Jim Cramer declared, "I don't really care about Greece."
Why the lack of concern about Greece? Because every time bad news about Greece is headlined, money comes to the U.S., Cramer explained.
Cramer thinks that Spain and Portugal are also in trouble, with their worsening budget deficits.
Still, Cramer isn't shaken by any of this. In fact, he declared on the show: "bring it on! ... their woes are our gain." Indeed, Cramer postulates that Europe's currency woes are surely the U.S.'s gain because "in the end, capital flows to where it's safe..." and "our money has been going up. As long as rates
in the U.S. are low, I'm bullish."
Meanwhile, when the wave of financial regulatory scrutiny is over, Cramer believes that the "classic stock to own" will be
, because it's a big international banker and an emerging markets growth story with plenty of exposure to the Asian and Latin economies and some European exposure. He thinks that Citi is a must-have in one's portfolio.
stock skyrocketed Monday after the company upped its full-year guidance and announced its agreement to buy rival
Dollar Thrifty Automotive
. Cramer said that this stock is "up so much" because they "take out major competitors."
Cramer also declared on Monday's
that he likes Hertz, calling the company a "big, used-car play where we need cars ... it's basically a car bank."
Cramer finished off the segment heaping praise on
, calling it a "premier retailer," that's now "ready to run."
, on the other hand, didn't quite make the cut with Cramer on Monday, given that "Google lost China."
-- Reported by Andrea Tse in New York
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