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NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Tuesday.
Based on a $65 price target, Eli Lilly (LLY) would appear "very inexpensive," Cramer said. But he doesn't think the company has a great product pipeline. LLY ended the day 3 cents higer at $49.22.
According to Cramer, people don't think General Mills (GIS) has natural and organic foods, which is "hurting" the stock. He noted Morgan Stanley considers GIS "challenged." GIS fell 33 cents to $49.58.
The fact that Range Resources (RRC) has failed to move higher on a positive note from Wells Fargo concerns Cramer. He suggested the oil and gas exploration industry has "run too much." RRC fell 41 cents to $79.76.
American Express (AXP) recently reported some of its credit numbers, and Cramer suggested that AXP's likelihood was "very, very small" for a default. AXP is a holding in Cramer's charitable portfolio, Action Alerts PLUS. AXP fell 41 cents to $84.11.
Citigroup raised its price target on Yahoo! (YHOO) to $46 from $39. Cramer said that when investors add up the value from all of YHOO's different business segments, it commands a premium valuation. YHOO fell nearly 1% to $39.51.
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-- Written by Bret Kenwell in Petoskey, Mich.