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(Updates from 10:35 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:
Cramer is not betting on a takeover at Electronic Arts
, and he said he would be careful with Peabody Energy
because coal is a declining commodity. EA closed up 1.2% at $17.77 while BTU rose 1% at $20.98.
He was upbeat on Alkermes
, saying that stock is worth a lot more than it is selling for. But he's bearish on Schlumberger
, a stock where he sees "no bottom." ALKS rose 3.8% to $23.46 and SLB rose 1% to $74.42.
Finally, Cramer gave the nod to Pepsico
, which he deemed an inexpensive growth stock, but said it's time to sell Southwest Energy
because the stock has run up big. PEP was up 1.4% at $78.92 but SWN fell 5 cents to $37.72.
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-- Written by Scott Rutt in Washington.
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