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(Updates from 10:37 a.m. ET with closing information.)
NEW YORK (
) -- Here's what Jim Cramer had to say on
"Squawk on the Street" Tuesday.
Both Piper Jaffray and Oppenheimer are urging caution on
(CRM - Get Report)
heading into earnings, despite the expectations for a strong second half of 2013. Cramer concurred. CRM fell 2.2% to $42.46.
When asked if the selloff in
was overdone, Cramer said the stock always bounces back and he thinks it's a terrific company. PETM fell nearly 1% to $70.05.
(APA - Get Report)
was cut by Guggenheim. Cramer said 19% of the company's production is from Egypt, which is not a good place to be right now. APA was off 1.5% to $78.57.
Stifel Nicolaus says
(NKE - Get Report)
will have a good quarter from strong U.S. sales, which surprised Cramer. He noted
Dick's Sporting Goods
reported a weak quarter. NKE was 1.7% lower at $62.81.
Raymond James says to buy
. Cramer said that call is pushing DirecTV higher. DTV closed at $57.98, up nearly 1%.
Pioneer Natural Resources
(PXD - Get Report)
is a play on the Permian Basin, which has been really strong of late, Cramer said. PXD fell 1.1% to $171.10.
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-- Written by Bret Kenwell in Petoskey, Mich.