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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) is good news for employment in America, Cramer said. He is also bullish on Qualcomm (QCOM), 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) will continue to suffer as telco spending remains sluggish. He was also bearish on NRG Energy (NRG) 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) continues to do well, even under the Obama administration, as does orphan drug maker BioMarin (BMRN), 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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