Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updates from 10:40 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. Morgan Stanley downgraded International Paper ( IP) because of capacity issues. Cramer couldn't confirm if this was true but he noted the stock is getting hit hard. IP fell 1.4% to $44.80. Citigroup raised its price target on Walgreen ( WAG). Cramer said it's always dangerous to do that ahead of a company's earnings report, but noted "Wagreen is doing very good." WAG fell 1.3% to $53.80. Cramer said Royal Dutch Shell ( RDS.A) was upgraded to buy from sell at Goldman Sachs despite the oil company recently selling its assets in the Eagle Ford shale. RDS.A was unchanged at $65.68. Colgate-Palmolive ( CL) is one of the best packaged-goods stocks, Cramer said, adding that its stock action recently formed the reverse head-and-shoulders pattern, a bullish, technical sign. CL fell 2.4% to $20.50. GameStop ( GME) is hiring a lot of seasonal employees. Cramer said the company is a winner thanks to the new videogames and consoles being released. GME was flat at $49.65. Morgan Stanley is cautious on Exxon Mobil ( XOM). Cramer said the company is a terrible story, with the stock never really moving. XOM was 1% lower at $86.04. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell