Cramer Quick Take: Dipping our Toe in Europe

Tickers in this article: SAP
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NEW YORK (TheStreet) -- Should investors begin looking to invest a little money overseas? Jim Cramer told Lindsey Bell at TheStreet.com Monday he feels things are stabilizing in Europe and there's a lot of pent-up demand in this under-owned part of the world.

Cramer said valuations remain low in Europe, yet the companies are doing quite well. He is a fan of SAP (SAP) but the drug makers and even the banks are also getting attractive.

But as good as Europe is, Cramer said he still likes China more as that country has shifted its focus from inflation to growth, a move it should have made many months ago.

As good as Europe is, Cramer concluded, China is better.

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-- Written by Scott Rutt in Washington.

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