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(Updates from 10:37 am ET to include closing information.)
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Monday:
Excelon (EXC) has been among the worst-performing utility stocks, but that group is trying to find a bottom. He was bearish on Zillow (Z), saying it is difficult to own a stock that misses the numbers on its first quarter as a publicly traded company.
Investors appear to be giving Excelon the benefit of the stock, pushing it up 2.6% at Monday's close. Zillow was nearly flat.Cramer was also bearish on AK Steel (AKS), noting that investors simply cannot own steel stocks at the moment. He was downbeat on SanDisk (SNDK) as well, saying the stock has done nothing and investors need to stay away. AK Steel was also flat while SanDisk rose 1.4%. Finally, Cramer said he was not surprised by a downgrade of McDonald's (MCD) because that stock has become a football for analysts. Nor was he surprised by an upgrade of Nokia (NOK) as other analysts are trying to call a bottom in that troubled phone maker. McDonald's stock closed down nearly 1% while investors hung up on Nokia; its shares were down 5.6%. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Scott Rutt in Washington. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
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