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(Updates from 10:37 am ET to include closing information.)
NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Monday:
Excelon (EXC - Get Report) has been among the worst-performing utility stocks, but that group is trying to find a bottom. He was bearish on Zillow (Z - Get Report), 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 AK Steel (AKS - Get Report), noting that investors simply cannot own steel stocks at the moment. He was downbeat on SanDisk (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 McDonald's (MCD - Get Report) because that stock has become a football for analysts. Nor was he surprised by an upgrade of Nokia (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%. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Scott Rutt in Washington. 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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