NEW YORK (TheStreet) -- With another selloff underway Monday, Micron (MU) got hit with a downgrade to sell from hold by Morgan Stanley analysts. "This has been a one-way stock," TheStreet's Jim Cramer, co-portfolio manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.
Shares of Micron are currently down 4.5% to $24 on the day and down more than 30% on the year. Cramer said the business is "commoditized" and the company's prospects likely won't improve any time soon. "Stay away," Cramer warned.
Cramer said both companies reported a good quarter but he thinks Home Depot's results were better. Regardless, analysts see Lowe's with more upside, especially as it continues to take market share from Sears Holdings (SHLD).
Cramer said someone should just speak the truth about the struggling retailer, adding, "Sears is the greatest thing that ever happened to Home Depot and Lowe's."