Cramer's 6 Stocks in 60 Seconds: ASML PCP DECK MHK ATI DPZ (Update 1)

Tickers in this article: ASML ATI DECK DPZ MHK PCP
Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".


(Updated from 10:42 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:

Everyone is surprised by how well the semiconductor equipment stocks are doing, which is why shares of ASML (ASML) are rallying, Cramer said. He told investors not to panic about Precision Castparts (PCP) because Boeing (BA) will still continue making a lot of planes. ASML ended Tuesday up 1.1% while PCP was up nearly 1%.

Cramer said Deckers Outdoor (DECK) is not coming down because its investors continue to hope for a takeover. He was upbeat on Mohawk (MHK) , saying that anything that goes into a house is heading higher. DECK closed up 2.3% and MHK was up 1%.

Finally, Cramer was downbeat on Allegheny Tech (ATI) , saying that stainless steel is not as big a part of aerospace as it used to be. He was very bullish on Dominos Pizza (DPZ) , calling that stock one of the greatest performers of late. ATI ended trading Tuesday up 2.3% while DPZ was up 2%.

To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here.

-- Written by Scott Rutt in Washington.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC