Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updates from 11:07 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.
Chevron (CVX) - Get Report reported "one of the most disappointing quarters I've seen this year," Cramer said of the company's recent results. CVX fell 49 cents to $111.14.
Smith & Nephew (SNN) - Get Report announced that it will acquire ArthroCare (ARTC) for $1.7 billion. Cramer enjoyed the market's reaction, saying, "the acquirer's stock goes up; I think it's pretty interesting." ANN fell by 18 cents to $72.06.
Wells Fargo upgraded Norfolk Southern (NSC) - Get Report to buy from hold. Cramer warned investors to be careful buying the stock, because "almost everyone" is bullish right now. NSC declined 3.3% to $89.58.
Cramer said he was not a fan of Royal Dutch Shell (RDS.A) and other big oil companies such as Chevron and Exxon Mobil (XOM) - Get Report, which have all reported "terrible quarters." RDS.A was off 1.9% to $67.81.
Pandora (P) reports earnings this week and Needham & Company says the stock is on its way to $41. Cramer called it "one of the greatest short squeezes of all time," and said that "I would not get in front of this juggernaut on the short side." P was 3% lower to $34.98.
AOL (AOL) also reports earnings this week. Cramer said the company has had a "monster change" for the better. He liked the company's partial spinoff of Patch and said CEO Tim Armstrong is doing great. AOL was up 1.7% to $46.87.
To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here.
-- Written by Bret Kenwell in Petoskey, Mich.
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, had no positions in stocks mentioned.
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."
None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.