Publish date: TV Recap: Dow Lowdown

Cramer takes a look at various stocks in the big index.

The desire of mineral companies to buy "undermanaged" companies is so great that they can't resist the recent Alcoa (AA) - Get Alcoa Corp. Report acquisition frenzy, Jim Cramer said on the TV's Wall Street Confidential video Tuesday.

"Everybody recognizes that Alcoa has been a country club and it's time for it to change," he told host Gregg Greenberg.

Cramer said it's more likely the

Rio Tinto


will buy Alcoa; the other rumored suitor is

BHP Billiton

(BHP) - Get BHP Group Ltd Sponsored ADR Report

. Cramer believes Rio Tinto is in the lead because after deciding to return a "huge amount of money" to shareholders via buybacks, BHP Billiton doesn't have the "wherewithal to do the Alcoa deal."

Speaking of returning money to shareholders, Cramer said he doesn't like


(MMM) - Get 3M Company Report

recent buyback, even though the stock is up about $2 today.

He called 3M's quarter "really bad," and said he doesn't understand why it won't put its money behind its business. He said he would take advantage of the short-term pop here to sell.

Greenberg mentioned

TheStreet Recommends

General Motors

(GM) - Get General Motors Company (GM) Report

as another


stock hitting all-time highs.

Cramer said that although he believes it was a good trading call to get out of GM when businessman Jerry York left the company's board, it has now decided to be a small car company.

"Historically this company has been so fixated on being the largest car company that it forgot that that costs a lot of money," he said. "And if it gets away from that particular mantra, it can be a better investment. It'll lose its bragging rights, but it will make more money for its shareholders."

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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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