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) and Honda ( HMC): "Better to do it here than there," he said.

Philips Electronics' ( PHG) $2.7 billion purchase of Genlyte ( GLYT) is one foreign buyout that has benefited shareholders. "Cash is king," Cramer said. Other than Celgene ( CELG), 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) is another candidate for a buyout after reporting a "great quarter."

Rockwell Automation ( ROK), 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), for example, "would be a natural fit for BASF."

Cramer urged viewers to stay away from Garmin ( GRMN) 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 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.

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