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(Updates from 10:51 a.m. ET with closing information.)
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Monday:
Cramer said investors are taking profits in Kansas City Southern
, and he can't blame them after the stock's big run. He said General Motors
is looking like a cheap stock because the automaker has a lot of Chinese exposure. KSU closed down 5.5% to $101.86 while GM was off 2.4% to $28.91.
Cramer was surprised at the downgrade of American Movil
, but said that strength in SanDisk
makes sense as supplies for memory remain tight. AMX fell 3.5% to $20.24 and SNDK was off 3% to $55.99.
Cramer said Barrick Gold
continues to be in freefall because many of the gold miners are struggling with higher costs. He closed by saying that Freeport-McMoRan
has also been a disaster for investors. ABX dropped 12.6% to $19.78 while FCX fell 8.3% to end Monday trading at $29.27.
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-- Written by Scott Rutt in Washington.
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