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NEW YORK ( TheStreet) -- Is UPS's ( UPS) failed deal to acquire TNT in Europe a bad thing for the stock? Jim Cramer told Debra Borchardt at TheStreet.com Monday that, in his mind, this might actually be a good thing.

Cramer said UPS was overpaying for TNT and investing in a market that's not growing. Meanwhile FedEx ( FDX), a stock he owns for his charitable trust, Action Alerts PLUS , is investing in Asia, a market that's not only growing but growing faster than any other at the moment.

Cramer said he'd use any strength in UPS shares and swap into FedEx.

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-- Written by Scott Rutt in Washington.

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At the time of publication, Cramer's Action Alerts PLUS had a position in FDX.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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