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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.
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.
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