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NEW YORK ( TheStreet) -- Jim Cramer had a lot to say about a recent wave of stock downgrades during his "Six Stocks in 60 Seconds" segment on Monday's "Squawk on the Street" on CNBC.
He said that data center purveyor Equinix (EQIX - Get Report) remains the best-performing cloud computing play despite Monday's analyst downgrade. He was also bullish on telco equipment maker Ciena (CIEN - Get Report) which may now be seeing some buying from Verizon (VZ).
Drug maker Eli Lilly (LLY - Get Report) is a "red hot" stock like the rest of pharma, said Cramer, and remains good for a short-term trade. Pulte Homes (PHM - Get Report) also remains a buy as the home builders continue to "make a fortune" despite repeated calls for a top in the housing market.Rounding out the group, Cramer dismissed rumors that Newell Rubbermaid (NWL - Get Report) is "vulnerable." He said that Newell, like Stanley Black & Decker (SWK), continues to see its stock go up anyway. Cramer was also bullish on Broadcom (BRCM - Get Report), a stock which he owns for his charitable trust,