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(Updates from 10:23 a.m. ET with closing information.) NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Tuesday: Cramer told investors to be careful with Baker Hughes ( BHI) and other oil-service plays. He said in the longer term they're undervalued but it may be a bumpy road in the short term. BHI shares ended Tuesday trading down 1.5%. He was more upbeat on Qualcomm ( QCOM), saying that this is one tech stock that's still working. QCOM shares were flat. Similarly, Cramer was bullish on Dover ( DOV), noting that this company also has a cellphone component. He thinks Illinois Tool Works' ( ITW) recent downgrade had nothing to do with the company. Shares of both companies closed flat Tuesday. Finally, Cramer said Deckers Outdoor ( DECK) could be a takeover target and Kohlberg Kravitz Roberts ( KKR) is a cheap stock investors should take a look at. DECK stock fell 4% while KKR closed up nearly 1%. 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