NEW YORK (TheStreet) -- Bearish market sentiments are holding back stocks like Alcoa(AA) - Get Report after news of its split, as well as Williams Companies(WMB) - Get Report , which feel after news broke about its $38 billion acquisition by Energy Transfer Equity, (ETE) said Jim Cramer as he answered Twitter(TWTR) - Get Report questioners from the floor of the New York Stock Exchange Monday.
Cramer said many U.S. companies are doing good things, but their stocks are still going down due to the current market environment. The energy sector, in particular, Cramer said, remains in a bear market. He also said investors should question whether companies like Magnum Hunter Resources (MHR) and SandRidge Energy(SD) - Get Report can survive the downturn. Cramer said he has turned very negative on oil and natural gas, and that the Action Alerts PLUS pottfolio, which he manages, doesn't have a big exposure to the sector.
"The charitable trust owns Energy Transfer Partners (ETP) . The stock's been cut in half, it's got a huge yield, [but] nobody cares, again, because we're in a bear market for energy," he said.
Cramer also discussed Carl Icahn's share purchases of Chesapeake Energy(CHK) - Get Report and Freeport-McMoRan(FCX) - Get Report , saying he doesn't like either stock, but agrees with Icahn's purchases of Cheniere stock (LNG) - Get Report .
Switching topics, a viewer asked about the cloud company Workday(WDAY) - Get Report , which has an analyst meeting Tuesday. Cramer said he thinks the company is doing a lot of things right, but it's not making money, so people are selling it. Another viewer asked about Rite Aid(RAD) - Get Report . Cramer pointed out the company missed estimates in the last quarter, but he likes the company and also likes its competitors, Walgreens(WBA) - Get Report and CVS(CVS) - Get Report . Cramer was also asked about Yahoo (YHOO) and Alibaba(BABA) - Get Report . Cramer said the trade is to short Alibaba and go long in Yahoo.