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(Updates 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 is not betting on a takeover at Electronic Arts (ERTS), and he said he would be careful with Peabody Energy (BTU - Get Report) because coal is a declining commodity. EA closed up 1.2% at $17.77 while BTU rose 1% at $20.98.
He was upbeat on Alkermes (ALKS - Get Report), saying that stock is worth a lot more than it is selling for. But he's bearish on Schlumberger (SLB - Get Report), a stock where he sees "no bottom." ALKS rose 3.8% to $23.46 and SLB rose 1% to $74.42.Finally, Cramer gave the nod to Pepsico (PEP - Get Report), which he deemed an inexpensive growth stock, but said it's time to sell Southwest Energy (SWN - Get Report) because the stock has run up big. PEP was up 1.4% at $78.92 but SWN fell 5 cents to $37.72. 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