Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updates from 11:12 a.m. ET with closing information.)
NEW YORK (
) -- Here's what Jim Cramer had to say on
"Squawk On The Street" Monday:
Cramer said he likes
. Deutsche Bank says it's not too late to buy, Cramer said. "The
prescriptions are really unbelievable for its MS drug and I understand that. It makes sense." BIIB closed down 3.1% to $215.73.
Cliffs Natural Resources
should be avoided, Cramer said. "People want a cyclical stock so bad. May I suggest
?" CLF was up 5.5% at $21.01.
On Morgan Stanley raising its rating on
, Cramer said the stock has been the "big laggard" in the sector.
has moved ahead,
moved ahead," Cramer said, adding Morgan's action is "a good call." UNH was 2.2% higher at $60.20.
Cramer said the rap against
Bank of America
has been mortgage-related private lawsuits. Now that the bank is starting to get some settlements on these, "You want to buy Bank of America," he advised. BAC rose 5.2% to $12.88 Monday.
Cramer summed up
in one word: "Nevermind." GRPN dropped 6.5% to $5.46.
Morgan Stanley changed its rating on
from sell to hold. "Morgan Stanley has targeted this stock, it's the main reason it went down," Cramer said. "They reiterated that they hate it. It has been a complete bow-wow." ADT ended the day 2% higher at $44.36.
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-- Written by Anthony Buccino in New York.
At the time of publication, Cramer's Action Alerts PLUS had a position in ADT and VALE.
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