Cramer's 6 Stocks in 60 Seconds: TSLA TYC BBVA PVH ABX EOG (Update 1)

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

(Updates from 10:58 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.

Jefferies raises its price target on Tesla Motors ( TSLA) to $130 from $70. Cramer said, "Elon Musk is creating money out of nowhere." TSLA jumped 9.2% to $117.18.

Tyco International ( TYC) is upgraded by Morgan Stanley, and Cramer agrees with the upgrade, saying that the company is undervalued and going higher. TYC rose 4.4% to $34.40.

Banco Bilbao Vizcaya Argentaria ( BBVA) is the cheapest stock in a group of troubled foreign banks, Cramer said. BBVA rose 1.2% at $8.51.

Citigroup likes PVH ( PVH) and Cramer does too, saying the recent deal to acquire Warnaco "makes a lot of sense." PVH closed at $126.91, 1.5% higher.

Barrick Gold ( ABX) and other gold miners have to become a buy at some point, Cramer said. He also said they won't all go out of business. ABX dropped 3.1% to $15.25.

EOG Resources ( EOG) is slapped with a $174 price target from Jefferies and Cramer believes the stock deserves it, citing the resilient strength in oil. EOG rose 2.8% to $135.31.

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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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