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(Updates from 10:38 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.

American International Group ( AIG - Get Report) is a hedge fund favorite, and many believe it's going to $60. Cramer agreed, predicting that "this one's going higher." AIG fell 1% to close at $44.89.

Michael Kors ( KORS ) will report better-than-expected earnings, according to Canaccord. Even after the big secondary, Cramer said he still likes the name. KORS was unchangd at $60.58.

Red Hat ( RHT) is a great play on the cloud, but received a downgrade from BMO. Cramer disagreed, stating, "I think it's going to be a great quarter." RHT fell 4.3% to $52.65.

Accenture ( ACN - Get Report) gets an upgrade from Goldman Sachs, which confuses Cramer because "this thing has been just a horse," all year, indicating it's a late call. ACN was flat at $82.53.

Brinker International ( EAT - Get Report) received a downgrade from Wells Fargo. Cramer disagreed. "I wouldn't go against this group," referring to the restaurant industry. EAT was flat at $41.28.

Carmax ( KMX - Get Report) also received a downgrade this morning. Again, Cramer thinks this is ridiculous, stating, "a lot of guys are downgrading stocks, frankly, because of the big run. I don't like that." KMX closed at $47.84, down 1.7% Monday.

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-- Written by Bret Kenwell in New York..

At the time of publication, Cramer's Action Alerts PLUS had no position in the stocks mentioned.

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