Jim Cramer's Mad Dash: Sell Clorox Now; Be Cautious on Bed Bath & Beyond

NEW YORK (TheStreet) -- On Monday, Clorox (CLX)  announced that it will stop doing business in Venezuela. And although Jim Cramer applauded this move, he suggested taking profits in the stock anyway. 

"Sell Clorox right now," Cramer, the co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Mad Dash" segment. 

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There's no growth in the company, Cramer said, and it's time for investors to exit the stock after the recent rally. 

Turning to Bed Bath & Beyond (BBBY) , Cramer pointed out that an analyst from William Blair downgraded the stock this morning, despite the company reporting earnings after the close. 

"A downgrade on a day of reporting is usually not bullish," Cramer said. "How bad is it going to be?"

The company has a lot of cash and a fall in the stock price could make Bed Bath & Beyond a takeover target, he concluded. 

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

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

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