Cramer's 6 Stocks in 60 Seconds: TEX MU AA CIT GRPN BA (Update 1)

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


(Updates from 10:25 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.

Terex Corp ( TEX) warned its results would be weak due to softness in Europe and Asia. Cramer didn't like that, adding that it's a "very bad story." TEX dropped 7.7% to close at $29.29.

Micron Technology ( MU) reports earnings this week. Cramer thinks it'll be a good quarter but he wants to be careful with it because expectations are so high. MU rose 3.8% to $13.24.

Cramer doesn't expect Alcoa ( AA) to report a very good quarter, especially with aluminum inventories at such high levels. AA was unchanged at $8.11.

CIT Group ( CIT)was upgraded by Drexel Hamilton to buy from hold. Cramer said this stock has been hot and has flown under the radar this year. CIT closed at $46.65, up 1.9%.

Morgan Stanley likes Groupon ( GRPN) and thinks the comeback story is for real. Cramer isn't so sure, adding, "I think it's rich." GRPN was up nearly 1% to $7.69.

Boeing ( BA) and the rest of the airspace cycle has been fabulous, according to Cramer, pointing to Boeing's nearly 20% move higher over the past three months. BA rose 1.2% to $103.03.

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-- Written by Bret Kenwell in Petoskey, Mich.

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

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