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Updated from 10:15 a.m. ET to include closing information.
NEW YORK (
) -- Here's what Jim Cramer had to say on
'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
(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%.
(CSCO - Get Report)
will continue to suffer as telco spending remains sluggish. He was also bearish on
(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
(UNH - Get Report)
continues to do well, even under the Obama administration, as does orphan drug maker
(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.
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