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

(Updates from 10:51 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 noted how Spirit Airlines ( SAVE - Get Report) seems to charge a fee for everything. That, however, didn't stop Raymond James from upgrading it based on valuation, he added. SAVE rose 1.5% to $30.72.

Morgan Stanley downgraded ArcelorMittal ( MT - Get Report) to sell from hold. Cramer said everyone seems to hate this company all of a sudden, but he likes steel companies at current valuations. MT fell 1.9% to $13.27.

Cliff Natural Resources ( CLF - Get Report) was going up on takeover chatter, something Cramer said he doesn't like, especially when the fundamentals are poor. CLF was flat at $21.68.

Citigroup says to buy Avon Products ( AVP - Get Report). Cramer said the call interested him and he praised CEO Sherilyn McCoy. AVP rose 1.4% to $20.64.

Cramer called Diana Shipping ( DSX - Get Report) a play on both China and Europe. Credit Suisse upgraded the stock to hold. DSX jumped 6.4% to $10.94.

Zillow's ( Z - Get Report) secondary priced at $82.50. Cramer said it would be a good day if the stock could rally to $83 after opening near $80. Z dropped 4.8% to $80.71.

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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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