Jim Cramer wants investors to be ready next time Europe drops on a dime, especially because of Greece. If there is one thing the "Mad Money" host has learned speaking to CEOs lately, it's that Europe is coming back.
Yes, that's right. Europe is making a comeback.
"Think about yesterday's break, or at least try to remember what caused it. Some European central banker arguing with some Greek politician? That kerfuffle gave you a chance to pick up great American stocks at prices that were much cheaper than you otherwise would've gotten," said the "Mad Money" host.
Cramer explained that a situation that occurred with Greece in Europe will give investors a chance to pick up high-quality stocks at a serious bargain.
Why is he so confident that European weakness is investor opportunity?
In the past few days, executives with boots on the ground in Europe have told Cramer that they are seeing better sales, stronger hiring and better industrial production numbers from the Eurozone.
Not only that, but Cramer has been watching the new Greek Finance Minister Yanis Varoufakis, and thinks he's "a total hoot" who is obviously expendable. He's saying all the right things and has Germany shaking in its boots afraid that Greece will blow everything up.
With the Greek finance minister freaking everyone out, Cramer thinks he's going to get his way and Germany will eventually contribute money to get things going in Europe.
"A one-day sale caused by a seismic shift to a pro-growth mentality in Europe," said Cramer.
So what should investors buy?
The "Mad Money" host thinks the best deals are with U.S. companies that do a large amount of business in Europe, and are already doing well domestically.
Stocks like Eaton and Dow Chemical both reported strong quarters and are good buys. Or even General Motors, which is flying quietly under the radar. He also recommended Alcoa, 3M, Honeywell and Cisco.
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"With this European comeback thesis and with these stocks, you can't call me late. I am way ahead of the curve," said Cramer.
At this point most companies have reported earnings. And while there might be a downside ahead for Europe, there is just too much of an upside to be ignored.
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