Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
NEW YORK (
) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Wednesday:
Cramer said that he just can't think of a reason to own oil giant
(BP - Get Report)
with growth around the world slowing. Likewise with embattled retailer
(JCP - Get Report)
. Cramer said it's simply "too early" to consider an investment.
When asked whether
(BRCM - Get Report)
was the hotter chipmaker, Cramer said Qualcomm has exposure to
but he prefers Broadcom, a stock he owns for his charitable trust,
Action Alerts PLUS
, for its TV set-top box exposure.
Cramer was less bullish on
(TECD - Get Report)
, saying if sales are weak for this supermarket of all things tech, that could be a bad omen for the larger tech sector.
Is high-end retail going down? Cramer's betting
(COH - Get Report)
makes a stand at current levels.
He was also bullish on GPS maker
(GRMN - Get Report)
, saying the stock will rebound after the company announced strong sales in its fitness and marine GPS divisions.
--Written by Scott Rutt in Washington, D.C.
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