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(Updates from 12:21 p.m. ET with closing information.)
NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Wednesday:
Cramer said stocks such as Express Scripts (ESRX) are exactly the kinds of stocks that work in this environment. He was also upbeat on United Rentals (URI), saying that the company is doing well. ESRX ended trading Wednesday down 1.1% to $55.60 while URI fell 1.4% to $51.46.
Cramer was critical of the analysts who downgraded Bed Bath & Beyond (BBBY) at the bottom, as that stock has done nothing but climb since the downgrades came out. He also continued to like Johnson & Johnson (JNJ), saying that the company can do no wrong. BBBY rose 1% to $66.40 and JNJ was up 1% to $83.90.Finally, Cramer said that while Workday (WDAY) shares are expensive, they still continue to ramp higher as investors clamor for software as a service stocks. He also said he's not betting against Target (TGT), a stock that's only down 11 cents since missing its earnings. WDAY fell 1.7% to $58.99 but TGT rose 1% to $68.76. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Scott Rutt in Washington. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
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