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(Updated from 10:35 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 still likes the China story at
MGM Resorts(MGM - Get Report) and he would stay long the stock. He is also a fan of
U.S. Steel(X - Get Report), saying the stock is not expensive. MGM ended Tuesday down 2.8% and X was off 2.2%.
Cramer was less rosy about
Ruby Tuesday(RT - Get Report), asking when that restaurant chain will get its act together. But he is a fan of
Phillips Electronics(PHG - Get Report), which is shedding its low-margin DVD business in favor of higher-end products such as health-care equipment. Investors had no appetite for RT, sending shares down 3.7%. But PHG was a bright spot, up 3.5%.
Cramer is cautious regarding
Under Armour(UA - Get Report), saying he'd be careful owning shares of the athletic apparel maker. Finally, Cramer said
Valero(VLO - Get Report) goes higher, while
HollyFrontier(HFC) remains his favorite in the group. UA ended trading up 1% but investors energetically drove VLO up 12.8%.
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