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(Updates from 10:44 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.
Jefferies downgraded Juniper Networks (JNPR - Get Report). Cramer agreed, saying that in this part of the technology sector Cisco (CSCO) is the winner. Cisco is a holding in Cramer's charitable trust, Action Alerts Plus. JNPR fell 1.4% to $20.75.
Cramer disagreed with the downgrade of one of his faves, VF Corp (VFC - Get Report), to hold from buy. He said the company's management is doing well and the stock should be bought on any weakness. VFC fell 1.1% to $194.86.Wells Fargo says to buy Mondelez (MDLZ - Get Report).Cramer said we'll hear more about any potential merger with PepsiCo (PEP) when the latter reports earnings on Wednesday. MDLZ was unchanged at $30.70. Cramer says to buy Biogen (BIIB - Get Report), which is his strategy for other biotech stocks that have had pullbacks this year. BIIB rose nearly 1% to $231.67. On Schlumberger (SLB - Get Report), Cramer said the company has had its "best quarter of the year so far," with the company nailing every metric. SLB rose 1.3% to $83.81. Broadcom (BRCM - Get Report), meanwhile, has been "a real dog" this year, according to Cramer. Goldman Sachs may not be worried about the company, he said, but he's not going to take a stand on the stock. BRCM fell 1.3% to $33.25. 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
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