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Cramer's 6 Stocks in 60 Seconds: BHI QCOM DOV ITW DECK KKR (Update 1)

Tickers in this article: BHI DECK DOV ITW KKR QCOM
Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

(Updates from 10:23 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 told investors to be careful with Baker Hughes (BHI) and other oil-service plays. He said in the longer term they're undervalued but it may be a bumpy road in the short term. BHI shares ended Tuesday trading down 1.5%.

He was more upbeat on Qualcomm (QCOM) , saying that this is one tech stock that's still working. QCOM shares were flat.

Similarly, Cramer was bullish on Dover (DOV) , noting that this company also has a cellphone component. He thinks Illinois Tool Works' (ITW) recent downgrade had nothing to do with the company. Shares of both companies closed flat Tuesday.

Finally, Cramer said Deckers Outdoor (DECK) could be a takeover target and Kohlberg Kravitz Roberts (KKR) is a cheap stock investors should take a look at. DECK stock fell 4% while KKR closed up nearly 1%.

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-- Written by Scott Rutt in Washington.

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