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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.

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