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(Updates from 10:40 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 downgraded International Paper (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 Walgreen (WAG). 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.Cramer said 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. Colgate-Palmolive (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. GameStop (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 Exxon Mobil (XOM - Get Report). Cramer said the company is a terrible story, with the stock never really moving. XOM was 1% lower at $86.04. 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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