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Updates from 10:25 am ET with closing information.)
NEW YORK (
TheStreet) -- Here's what Jim Cramer had to say on
CNBC's "Squawk On The Street" Wednesday:
Cramer's not turning positive on
JC Penney(JCP - Get Report), even after
PVH(PVH) CEO Manny Chirico told him on
Mad Money last night that sales have been good at Penney's newly remodeled stores.
But Cramer was more positive on
American Eagle Outfitters(AEO - Get Report), saying the teen apparel retailer had a great month and is going higher.
Investors are still buying JC Penney, sending its shares nearly 5% higher at the Wednesday close. But they were more impressed with American Eagle, whose stock flew over 7%.
Hertz(HTZ - Get Report) is also on Cramer's bull list, as Hurricane Sandy has left no rental car to be had in the Northeast. But he is not impressed by positive comments on
Wynn Resorts(WYNN - Get Report) even if the stock is getting very inexpensive.
Shares of Hertz drove 4.6% higher while Wynn was up 3.2%.
Finally, Cramer said that high-end retail is doing better, which is good news for
Tiffany(TIF - Get Report), while
Rowan Companies(RDC - Get Report) is going to trade in lockstep with the price of oil.
Tiffany stock closed the day nearly 2% higher while Rowan stock was flat.
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