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Updated from 10:15 a.m. ET to include closing information.
NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Monday:
Strong numbers from payroll processor Automatic Data Processing (ADP - Get Report) is good news for employment in America, Cramer said. He is also bullish on Qualcomm (QCOM - Get Report), a company that benefits as 4G smart devices continue to proliferate faster than expected.
ADP closed off 1.7% while Qualcomm finished the day up nearly 2%.Shares of Cisco (CSCO - Get Report) will continue to suffer as telco spending remains sluggish. He was also bearish on NRG Energy (NRG - Get Report) because the company has a focus on electric cars. Cisco shares were virtually unchanged at the close Monday while NRG were off nearly 1%. In the health-care space, Cramer said UnitedHealth Group (UNH - Get Report) continues to do well, even under the Obama administration, as does orphan drug maker BioMarin (BMRN - Get Report), which received positive news of one of its drugs earlier Monday. UNH closed nearly 1% lower while those of BioMarin jumped a healthy 31%. --Written by Scott Rutt in Washington, D.C. 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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