Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updates from 10:37 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.
Both Piper Jaffray and Oppenheimer are urging caution on Salesforce.com (CRM) heading into earnings, despite the expectations for a strong second half of 2013. Cramer concurred. CRM fell 2.2% to $42.46.
When asked if the selloff in PetSmart (PETM) was overdone, Cramer said the stock always bounces back and he thinks it's a terrific company. PETM fell nearly 1% to $70.05.Apache (APA) was cut by Guggenheim. Cramer said 19% of the company's production is from Egypt, which is not a good place to be right now. APA was off 1.5% to $78.57. Stifel Nicolaus says Nike (NKE) will have a good quarter from strong U.S. sales, which surprised Cramer. He noted Dick's Sporting Goods (DKS) reported a weak quarter. NKE was 1.7% lower at $62.81. Raymond James says to buy DirecTV (DTV) and sell Dish Network (DISH). Cramer said that call is pushing DirecTV higher. DTV closed at $57.98, up nearly 1%. Pioneer Natural Resources (PXD) is a play on the Permian Basin, which has been really strong of late, Cramer said. PXD fell 1.1% to $171.10. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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