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(Updates from 11:07 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.
Chevron (CVX - Get Report) reported "one of the most disappointing quarters I've seen this year," Cramer said of the company's recent results. CVX fell 49 cents to $111.14.
Smith & Nephew (SNN - Get Report) announced that it will acquire ArthroCare (ARTC) for $1.7 billion. Cramer enjoyed the market's reaction, saying, "the acquirer's stock goes up; I think it's pretty interesting." ANN fell by 18 cents to $72.06.Wells Fargo upgraded Norfolk Southern (NSC - Get Report) to buy from hold. Cramer warned investors to be careful buying the stock, because "almost everyone" is bullish right now. NSC declined 3.3% to $89.58. Cramer said he was not a fan of Royal Dutch Shell (RDS.A - Get Report) and other big oil companies such as Chevron and Exxon Mobil (XOM), which have all reported "terrible quarters." RDS.A was off 1.9% to $67.81. Pandora (P - Get Report) reports earnings this week and Needham & Company says the stock is on its way to $41. Cramer called it "one of the greatest short squeezes of all time," and said that "I would not get in front of this juggernaut on the short side." P was 3% lower to $34.98. AOL (AOL - Get Report) also reports earnings this week. Cramer said the company has had a "monster change" for the better. He liked the company's partial spinoff of Patch and said CEO Tim Armstrong is doing great. AOL was up 1.7% to $46.87. 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
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, had no positions in stocks mentioned.
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