Cramer's 6 Stocks in 60 Seconds: PANL LLTC ED MNST GS SD (Update 1)
(Updates from 10:21 a.m. ET to include closing information.)
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Thursday:
Universal Display (PANL) delivered the worst quarter of this earnings season and Cramer is not impressed. He said Linear Technology (LLTC) is riding on the coattails of market leader Qualcomm (QCOM) .Universal Display's shares dropped nearly 18% Thursday while Linear Technology managed to close half a percentage point higher.
Cramer said he doesn't trust the upgrade of ConEd (ED) as utilities are likely to come under increasing pressure to be cleaner under President Obama. He was also skeptical of Monster Beverage (MNST) , which responded to lawsuits and health concerns by saying that its beverages have no more caffeine than coffee.Con Edison shares closed nearly flat and Monster shares were down 1.3%.
When asked about Goldman Sachs (GS) , Cramer said no one wants to own this stock at the moment. He dismissed a shareholder initiative to oust SandRidge (SD) CEO Tom Ward by saying SandRidge is Ward's company.Goldman shares fell 2.3% while SandRidge's jumped 1.7%.
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--Written by Scott Rutt in Washington, D.C.
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