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(Updated from 10:42 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:
Everyone is surprised by how well the semiconductor equipment stocks are doing, which is why shares of ASML (ASML - Get Report) are rallying, Cramer said. He told investors not to panic about Precision Castparts (PCP - Get Report) because Boeing (BA) will still continue making a lot of planes. ASML ended Tuesday up 1.1% while PCP was up nearly 1%.
Cramer said Deckers Outdoor (DECK) is not coming down because its investors continue to hope for a takeover. He was upbeat on Mohawk (MHK - Get Report), saying that anything that goes into a house is heading higher. DECK closed up 2.3% and MHK was up 1%.Finally, Cramer was downbeat on Allegheny Tech (ATI - Get Report), saying that stainless steel is not as big a part of aerospace as it used to be. He was very bullish on Dominos Pizza (DPZ - Get Report), calling that stock one of the greatest performers of late. ATI ended trading Tuesday up 2.3% while DPZ was up 2%. 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