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Cramer's 6 Stocks in 60 Seconds: XRX COL DKS ATHN MU LULU (Update 1)

Tickers in this article: ATHN COL DKS LULU MU NKE UA XRX
Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

(Updates from 10:54 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.

Citigroup downgraded Xerox . Cramer disagreed because this company is "starting to get its act together." XRX rose 3.4% to $10.49.

Rockwell Collins completed a $1.39 billion deal to acquire Arinc, and Cramer was surprised the stock was down on this news. COL was 1.3% higher at $74.29.

Goldman Sachs said Dick's Sporting Goods is going to report below-consensus earnings results. Cramer said this news may hurt Nike and Under Armour , which would be a mistake. DKS fell nearly 1% to $52.

Athenahealth has one of the highest valuations of the stocks that Cramer follows, and he can understand why Cowen Group says the stock is too expensive. ATHN was down 2.9% to $112.27.

Cramer said he still likes Micron Technology and that it remains one of his favorites. MU jumped 8.2% to $14.97.

Lululemon Athletica could break out to the upside if the broader market cooperates, Cramer said. If it does, then "look out, that's a rocket ship!" he concluded. LULU ended the day up 2.4% to $74.65.

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-- Written by Bret Kenwell in Petoskey, Mich.