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(Updated from 10:35 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 still likes the China story at MGM Resorts ( MGM) and he would stay long the stock. He is also a fan of U.S. Steel ( X), saying the stock is not expensive. MGM ended Tuesday down 2.8% and X was off 2.2%. Cramer was less rosy about Ruby Tuesday ( RT), asking when that restaurant chain will get its act together. But he is a fan of Phillips Electronics ( PHG), which is shedding its low-margin DVD business in favor of higher-end products such as health-care equipment. Investors had no appetite for RT, sending shares down 3.7%. But PHG was a bright spot, up 3.5%. Cramer is cautious regarding Under Armour ( UA), saying he'd be careful owning shares of the athletic apparel maker. Finally, Cramer said Valero ( VLO) goes higher, while HollyFrontier ( HFC) remains his favorite in the group. UA ended trading up 1% but investors energetically drove VLO up 12.8%. 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