Cramer's 'Mad Money' Follow-Up: Cleveland Cliffs

Here's how some of Jim Cramer's 'Mad Money' stocks were faring on Wednesday.
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During his Tuesday "Mad Money" show, Jim Cramer said that the market has been going up because of stocks in the oil, technology and banking sectors, and that those stocks have been fueled by money leaving other sectors, including food and drug sectors.

So Cramer was worried about recent strength in stocks that should be heading lower, such as

Kraft

(KFT)

,

General Mills

(GIS) - Get Report

and

Pepsi

(PEP) - Get Report

. He owns General Mills and Pepsi for his

Action Alerts PLUS charitable trust.

Other stocks that should be heading lower but aren't include

Molson Coors

(TAP) - Get Report

,

Eli Lilly

(LLY) - Get Report

and

Johnson & Johnson

(JNJ) - Get Report

, Cramer said.

He said that for oil, tech and banking rally to continue, these stocks need to go lower.

On Wednesday, Kraft closed down 22 cents at $25. General Mills lost 30 cents to $51.86, and Pepsi gave up a penny to close at $49.72. Molson Coors was down 15 cents to $42.02, while Eli Lilly gave up 11 cents to $34.43, and Johnson & Johnson lost 15 cents to close at $54.21.

Cramer called

Cleveland Cliffs

(CLF) - Get Report

a buy based on the improving commodities market and its low stock price.

Cleveland Cliffs added $2.82, or 10.3%, to close at $30.29 on Monday.

At the time of publication, Cramer was long General Mills and Pepsi.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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