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(Updates from 10:25 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.
Terex Corp(TEX - Get Report) warned its results would be weak due to softness in Europe and Asia. Cramer didn't like that, adding that it's a "very bad story." TEX dropped 7.7% to close at $29.29.
Micron Technology(MU - Get Report) reports earnings this week. Cramer thinks it'll be a good quarter but he wants to be careful with it because expectations are so high. MU rose 3.8% to $13.24.
Cramer doesn't expect
Alcoa(AA - Get Report) to report a very good quarter, especially with aluminum inventories at such high levels. AA was unchanged at $8.11.
CIT Group(CIT - Get Report)was upgraded by Drexel Hamilton to buy from hold. Cramer said this stock has been hot and has flown under the radar this year. CIT closed at $46.65, up 1.9%.
Morgan Stanley likes
Groupon(GRPN - Get Report) and thinks the comeback story is for real. Cramer isn't so sure, adding, "I think it's rich." GRPN was up nearly 1% to $7.69.
Boeing(BA - Get Report) and the rest of the airspace cycle has been fabulous, according to Cramer, pointing to Boeing's nearly 20% move higher over the past three months. BA rose 1.2% to $103.03.
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 @traderboy23