Banco Santander is a stock you want to buy, Cramer said on Monday's "Stop Trading."
Spain's top lender moved to gain full control of Polish bid target Bank Zachodni WBK on Monday, offering to buy minority investors out for a 4.5 percent premium which values the bank at $5.7 billion.
Santander beat European rivals seeking a slice of Polish growth with a deal in September to buy 70.4 percent of the country's fifth largest bank by assets from Allied Irish Banks , part of a 2.9 billion euro transaction. It is still awaiting Polish regulatory approval.
"The big bear case disappears every time they make an acquisition," Cramer said.
"They're really, really smart...it's just a good long," Cramer said.
Cramer has been touting Ford stock since last year, calling it a "better buy" than GM as the company was going public. He's standing behind that call now in spite of Ford's weak fourth quarter, which saw the company reporting earnings of $0.30 per share.
"It was a weak quarter," Cramer said "Now you're starting to get inklings that they're boosting production...I don't want to get ahead of myself because obviously the numbers weren't what we thought, but the momentum is there and 2011 is going to be a big year."
He added that General Motors is also now a very inexpensive stock.
--Reuters contributed to this report.
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