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Cramer's 6 Stocks in 60 Seconds: CRM PETM APA NKE DTV PXD (Update 1)

Tickers in this article: APA CRM DISH DKS DTV NKE PETM PXD
Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

(Updates from 10:37 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.

Both Piper Jaffray and Oppenheimer are urging caution on heading into earnings, despite the expectations for a strong second half of 2013. Cramer concurred. CRM fell 2.2% to $42.46.

When asked if the selloff in PetSmart was overdone, Cramer said the stock always bounces back and he thinks it's a terrific company. PETM fell nearly 1% to $70.05.

Apache was cut by Guggenheim. Cramer said 19% of the company's production is from Egypt, which is not a good place to be right now. APA was off 1.5% to $78.57.

Stifel Nicolaus says Nike will have a good quarter from strong U.S. sales, which surprised Cramer. He noted Dick's Sporting Goods reported a weak quarter. NKE was 1.7% lower at $62.81.

Raymond James says to buy DirecTV and sell Dish Network . Cramer said that call is pushing DirecTV higher. DTV closed at $57.98, up nearly 1%.

Pioneer Natural Resources is a play on the Permian Basin, which has been really strong of late, Cramer said. PXD fell 1.1% to $171.10.

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-- Written by Bret Kenwell in Petoskey, Mich.