Cramer Advises His Viewers On Alcoa And Micron Technology

Jim Cramer said on CNBC's Mad Money that the stock price of Alcoa Inc AA has been hurt by the weakness in China, but he sees a new Alcoa, which is levered less to aluminum. He recommended to his viewer to own the stock, but he thinks that it will trade higher after the end of the quarter when investors see the results.

Micron Technology, Inc. MU received two downgrades and one upgrade on Monday and the downgrades didn't hurt the stock, explained Cramer. He wants to take a closer look at the downgrades because Monday's reaction might be a sign of a bottom.