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NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Monday.
ADT (ADT - Get Report) is selling off hard following its announcement of a share repurchase plan. Cramer called the stock action a "disaster" considering the company's good earnings report last week. ADT dropped 5.8% to $41.46.
Cubist Pharmaceuticals (CBST) should benefit from its "new anti-bug drug," Cramer said. CBST jumped 8% to $70.76.
RBC downgraded AOL (AOL) to hold from buy. Cramer said the call was only made to temporarily drop the stock and it is "just another time to buy AOL." AOL was 2.4% lower at $44.46.
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-- Written by Bret Kenwell in Petoskey, Mich.