Video: Jim Cramer Reacts to AXA's Plan to Buy XL Group

TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said AXA's plan to buy XL Group (XL) - Get Report for $15.3 billion shows how the France-based insurer is taking advantage of a strengthening euro.

"If you had sold [XL Group] on Friday because you were worried about international trade, you would have made a mistake," Cramer noted.

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