Jim Cramer Gives His Opinion On Alcoa And Under Armour

On CNBC's Mad Money, Jim Cramer explained to his viewer that with a 1-for-3 stock split, Alcoa Inc AA wants to make sure it stays above $5. He added that the S&P 500 has a strong tendency to eliminate from the index stocks below $5 and Alcoa wants to avoid that. He also said that he likes the company.

Cramer isn't concerned by the recent downgrade of Under Armour Inc UA. He believes it can cause a short-term hiccup for the stock, but he wants to take a long-term view. Cramer has faith in Under Armour's CEO, Kevin Plank.