Jim Cramer shared his thoughts on several big stocks Tuesday on CNBC's “Squawk Box.”
“I think people aren’t borrowing that much,” Cramer said, noting there can’t be a lot of defaults without a lot of borrowing.
Cramer said he would own JPMorgan over Citigroup Inc (NYSE:C). Cramer noted there will be more chatter about risk management with Citigroup and not with JPMorgan.
“It’s a pause, not a hold," said Cramer. He expects to get results from the pause over the next four to five days.
Cramer mentioned strong organic growth and good growth for the company’s medical devices.
He called Johnson & Johnson a “good stock right now" and think investors will regret selling the stock.