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(Updates from 11:30 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.
Morgan Stanley likes
NetApp(NTAP - Get Report). Cramer agreed, adding the stock's momentum has been incredible and it's inexpensive. NTAP shares rose 2% to $40.10.
Michael Kors(KORS - Get Report) was downgraded at Piper Jaffray to hold from buy, but Cramer argued high-end retail is doing well this year. KORS closed down 1.8% to $62.65.
Yelp(YELP - Get Report) to hold from buy. Cramer understands the call, but says, "I don't know if you want to sell it." YELP fell 1.9% to $38.67.
Allergan's(AGN - Get Report) drug, Restasis, will be fine. Cramer said Allergan stock "will go much higher if that's the case." AGN ended the day at $92.37, up 2.1%.
Tractor Supply Company's(TSCO - Get Report) price target was raised by SunTrust. Cramer joked the company is the key to this market because the one he visited was packed over the weekend. TSCO as unchanged at $122.57.
Oppenheimer says an
Alexion Pharmaceuticals(ALXN - Get Report) takeover by
Roche should be in the $148 to $208 ballpark, above the current price of $109. "Where do you get these [estimates]? I don't know," Cramer asked, classifying the estimates as slightly absurd. ALXN closed down 5.5% to $107.93.
To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here.-- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell