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(Updates from 10:40 a.m. ET with closing information.)
NEW YORK (
) -- Here's what Jim Cramer had to say on
"Squawk on the Street" Monday.
Morgan Stanley downgraded
(IP - Get Report)
because of capacity issues. Cramer couldn't confirm if this was true but he noted the stock is getting hit hard. IP fell 1.4% to $44.80.
Citigroup raised its price target on
. Cramer said it's always dangerous to do that ahead of a company's earnings report, but noted "Wagreen is doing very good." WAG fell 1.3% to $53.80.
Royal Dutch Shell
(RDS.A - Get Report)
was upgraded to buy from sell at Goldman Sachs despite the oil company recently selling its assets in the Eagle Ford shale. RDS.A was unchanged at $65.68.
(CL - Get Report)
is one of the best packaged-goods stocks, Cramer said, adding that its stock action recently formed the reverse head-and-shoulders pattern, a bullish, technical sign. CL fell 2.4% to $20.50.
(GME - Get Report)
is hiring a lot of seasonal employees. Cramer said the company is a winner thanks to the new videogames and consoles being released. GME was flat at $49.65.
Morgan Stanley is cautious on
(XOM - Get Report)
. Cramer said the company is a terrible story, with the stock never really moving. XOM was 1% lower at $86.04.
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-- Written by Bret Kenwell in Petoskey, Mich.