Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updates from 10:37 a.m. ET with closing information.)
NEW YORK (
) -- Here's what Jim Cramer had to say on
"Squawk on the Street" Thursday.
Fund manager Nelson Peltz said
(DD - Get Report)
is one of his favorite stocks during the recent Delivering Alpha Conference. "I don't want to go against Peltz," Cramer said. DuPont is a holding in his charitable trust, Action Alerts Plus. DD was unchanged at $57.47.
Another fund giant, Jim Chanos, said during the same conference he is short
(CAT - Get Report)
. Cramer disagreed with Chanos on this one, noting that even during the depths of the recent recession it didn't get as bad for CAT as Chanos thought. CAT was flat at $85.72.
(UNH - Get Report)
is making 52-week highs thanks to higher revenue and lower cost of goods sold. "I wish I had seen this coming," Cramer said. UNH jumped 6.5% to $70.55.
Citigroup says there is a 50% chance
gets bought out. Cramer reminded viewers of the successful buyout of
by equity firm KKR, so it could happen. FDO was unchanged at $68.54.
(CELG - Get Report)
was forced to pull trials of Revlimid, its topselling cancer drug, but the stock hasn't fallen by as much as feared. Cramer cautioned traders to be careful on the short side because the trial "wasn't really in the [quarter's] numbers." CELG fell 2.6% to $133.05.
(CY - Get Report)
shares rose on impressive top- and bottom-line beats. CY's CEO TJ Rodgers has been on his
program "Mad Money" detailing what he was going to do to improve the company, Cramer said, and he did it. "Just listen to these CEOs who are money and you'll make money." CY ended the day 4.5% higher at $12.46.
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-- Written by Bret Kenwell in Petoskey, Mich.