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(Updates from 10:51 a.m. ET with closing information.)
NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Monday:
Cramer said investors are taking profits in Kansas City Southern (KSU - Get Report), and he can't blame them after the stock's big run. He said General Motors (GM - Get Report) is looking like a cheap stock because the automaker has a lot of Chinese exposure. KSU closed down 5.5% to $101.86 while GM was off 2.4% to $28.91.
Cramer was surprised at the downgrade of American Movil (AMX - Get Report), but said that strength in SanDisk (SNDK - Get Report) makes sense as supplies for memory remain tight. AMX fell 3.5% to $20.24 and SNDK was off 3% to $55.99.Cramer said Barrick Gold (ZBX) continues to be in freefall because many of the gold miners are struggling with higher costs. He closed by saying that Freeport-McMoRan (FCX - Get Report) has also been a disaster for investors. ABX dropped 12.6% to $19.78 while FCX fell 8.3% to end Monday trading at $29.27. 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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