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NEW YORK (
) -- Jim Cramer had a lot to say about a recent wave of stock downgrades during his "Six Stocks in 60 Seconds" segment on Monday's "Squawk on the Street" on
He said that data center purveyor
remains the best-performing cloud computing play despite Monday's analyst downgrade. He was also bullish on telco equipment maker
which may now be seeing some buying from
is a "red hot" stock like the rest of pharma, said Cramer, and remains good for a short-term trade.
also remains a buy as the home builders continue to "make a fortune" despite repeated calls for a top in the housing market.
Rounding out the group, Cramer dismissed rumors that
is "vulnerable." He said that Newell, like
Stanley Black & Decker
, continues to see its stock go up anyway.
Cramer was also bullish on
, a stock which he owns for his charitable trust,
Action Alerts PLUS, and one that he said is poised to have an excellent second half.
--Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer's Action Alerts PLUS had a position in BRCM.
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."
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