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(Updates from 10:23 a.m. ET with closing information.)
NEW YORK (
TheStreet) -- Here's what Jim Cramer had to say on
CNBC's "Squawk On The Street" Tuesday:
Cramer told investors to be careful with
Baker Hughes(BHI - Get Report) and other oil-service plays. He said in the longer term they're undervalued but it may be a bumpy road in the short term. BHI shares ended Tuesday trading down 1.5%.
He was more upbeat on
Qualcomm(QCOM - Get Report), saying that this is one tech stock that's still working. QCOM shares were flat.
Similarly, Cramer was bullish on
Dover(DOV - Get Report), noting that this company also has a cellphone component. He thinks
Illinois Tool Works'(ITW - Get Report) recent downgrade had nothing to do with the company. Shares of both companies closed flat Tuesday.
Finally, Cramer said
Deckers Outdoor(DECK) could be a takeover target and
Kohlberg Kravitz Roberts(KKR - Get Report) is a cheap stock investors should take a look at. DECK stock fell 4% while KKR closed up nearly 1%.
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