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(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
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