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(Updates from 10:11 a.m. ET to add closing information.)
NEW YORK (
) -- Here's what Jim Cramer had to say on
's "Squawk On The Street" Wednesday:
(WPRT - Get Report)
rallied big on an expected Romney win, but is now selling off big and investors should steer clear, Cramer said. He was likewise bearish on shipbuilder
(HII - Get Report)
, saying this stock is the most levered to the pending fiscal cliff.
With the markets down sharply Wednesday, Westport was off nearly 7% and Huntington was down 3.3%.
Also in the negative camp,
Capital One Financial
(COF - Get Report)
, which continues to be under government scrutiny, and biotech
(VVUS - Get Report)
, which is not seeing strong demand for its latest offerings.
Shares of the bank closed 2.6% lower while Vivus dropped 7.3%.
Cramer was bullish on
(SBAC - Get Report)
, however, saying telecoms are upping their capital spending, which is good news for SBA. Its shares were a bright spot, closing up nearly 1%.
Finally, Cramer was negative on
(X - Get Report)
amid reports of more steel dumping from Asia. Its shares closed 3% lower.
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--Written by Scott Rutt in Washington, D.C.
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