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(Updates from 11:24 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 upgraded American Express
(AXP - Get Report) to buy from hold. Cramer said the stock sold off following a "remarkable quarter," allowing investors a great opportunity to buy the stock. AXP ended higher 1.56% at $88.36.
William Blair upgraded St. Jude Medical
(STJ - Get Report) to buy from hold. The stock is going to move much higher by the end of the year "because of new products," Cramer said. St. Jude closed up 2.56% at $63.39.
Cramer said Citigroup acknowledged that Meredith
(MDP - Get Report) could buy Time, which will likely be spun off by Time Warner
(TWX - Get Report). Meredith declined 0.16% to $44.26.
Goldman Sachs says to buy Rocket Fuel
(FUEL - Get Report)
and initiated its price target at $69. Cramer seemed to like the company, saying it has figured out how to programmatically place ads all over the Internet. Rocket Fuel soared 8.10% to $55.10.
Merrill Lynch/Bank of America downgraded Fairway Group
to sell from hold as analysts are "taking it to the woodshed" following its earnings release, Cramer said. Fairway Group closed unchanged at $8.12.
Eylea treatment has had positive results following its Phase III trials. Cramer said CEO Leonard Schleifer "continues to amaze," and suggested that the stock could take out its more recent high near $310. Regeneron rose 1.4% to $304.00.
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-- Written by Bret Kenwell in Petoskey, Mich.
At the time of publication, Jim Cramer's Action Alerts PLUS, which he co-manages as a charitable trust, had no positions in stocks mentioned.
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