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(Updates from 10:37 am ET to include closing information.)
NEW YORK (
) -- Here's what Jim Cramer had to say on
's "Squawk On The Street" Monday:
(EXC - Get Report)
has been among the worst-performing utility stocks, but that group is trying to find a bottom. He was bearish on
, saying it is difficult to own a stock that misses the numbers on its first quarter as a publicly traded company.
Investors appear to be giving Excelon the benefit of the stock, pushing it up 2.6% at Monday's close. Zillow was nearly flat.
Cramer was also bearish on
(AKS - Get Report)
, noting that investors simply cannot own steel stocks at the moment. He was downbeat on
(SNDK - Get Report)
as well, saying the stock has done nothing and investors need to stay away.
AK Steel was also flat while SanDisk rose 1.4%.
Finally, Cramer said he was not surprised by a downgrade of
(MCD - Get Report)
because that stock has become a football for analysts. Nor was he surprised by an upgrade of
(NOK - Get Report)
as other analysts are trying to call a bottom in that troubled phone maker.
McDonald's stock closed down nearly 1% while investors hung up on Nokia; its shares were down 5.6%.
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-- Written by Scott Rutt in Washington
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