Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updated from 10:35 a.m. ET with closing information.)
NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Tuesday:
Cramer still likes the China story at MGM Resorts (MGM) and he would stay long the stock. He is also a fan of U.S. Steel (X), saying the stock is not expensive. MGM ended Tuesday down 2.8% and X was off 2.2%.
Cramer was less rosy about Ruby Tuesday (RT), asking when that restaurant chain will get its act together. But he is a fan of Phillips Electronics (PHG), which is shedding its low-margin DVD business in favor of higher-end products such as health-care equipment. Investors had no appetite for RT, sending shares down 3.7%. But PHG was a bright spot, up 3.5%.Cramer is cautious regarding Under Armour (UA), saying he'd be careful owning shares of the athletic apparel maker. Finally, Cramer said Valero (VLO) goes higher, while HollyFrontier (HFC) remains his favorite in the group. UA ended trading up 1% but investors energetically drove VLO up 12.8%. 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
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV