Cramer's 6 Stocks in 60 Seconds: NOV ITW MWE BSX NSC YELP (Update 1)

Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".


(Updates from 10:21 am ET with closing information.)

NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Tuesday:

National Oilwell Varco ( NOV) is a terrific technology company, so to see it downgraded has Cramer worried. He is not worried about Illinois Tool Works ( ITW), however, after the company's CEO passed away last week. Cramer said he still likes this the company.

Investors were more worried about National Oilwell Varco, pushing its shares down 2.6% at the close Tuesday, while Illinois Tool Works stock was unchanged.

Cramer is also bullish on MarkWest Energy Partners ( MWE), saying this company's secondary offering went very well, which means things are working. He also said that if Norfolk Southern ( NSC) is able to meet its numbers, coal may have indeed bottomed.

MarkWest's shares ended the day up nearly 1% while Norfolk Southern was up 1.2%

He is less optimistic about Boston Scientific ( BSX). Cramer said this group has been in turmoil as of late, and the positive momentum at Boston Scientific may be stopped in its tracks.

He ended on a positive note by saying people really like using Yelp ( YELP), which is why this company is among the best-performing social media stocks this year.

Boston Scientific's shares were down slightly at the close but Yelp shares screamed higher by 6.6%.

To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here.

-- Written by Scott Rutt in Washington.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
At the time of publication, Cramer's Action Alerts PLUS had no positions in the 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.

If you liked this article you might like

National Oilwell Varco in Rare Breakout-Mode Friday: Chart Shows the Trade

Anadarko Petroleum's Relative Strength Is Signaling Black Gold Ahead

Earning the Bulls' Trust: Cramer's 'Mad Money' Recap (Thursday 6/1/17)

Saudi Aramco to Sign 10 Energy Deals During Trump Visit