Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Wednesday. (Updates from 10:30 a.m. ET with closing information.)
Goldman Sachs upgraded Tanger Factory Outlet (SKT). Cramer reminded investors that real estate investment trusts like Tanger "have been awful" on Federal Reserve announcement days. SKT closed down 3.1% to $33.39.
Corning (GLW) is loved by retail investors at the moment, but Cramer remains pessimistic. "I'll believe it when it I see it," he said. GLW fell 1.6% to $14.95.Phone maker BlackBerry (BBRY) was downgraded by Bernstein. Cramer concurs, adding, "For them to say sell, you should sell." BBRY dropped 4.4% to $14.18. SodaStream International (SODA) has been doing well but with a downgrade from William Blair, "enough is enough," Cramer said. SODA fell 2.8% to $68.57. Cramer said Visa (V), along with MasterCard (MA), are among his favorite momentum names and will be going higher. V closed at $182.63, down 1%. Cramer refused to take a position on Cliffs Natural Resources (CLF), citing the extreme up-and-down price action of the stock. CLF was nearly 1% lower at $18.47. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Bret Kenwell in Petoskey, Mich. Follow @traderboy23
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV