Cramer's 6 Stocks in 60 Seconds: BP SIX EL ETH WYNN RIMM (Update 1)

Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

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(Updates from 10:44 a.m. ET with closing information.)

NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Friday:

Cramer said he "totally agrees" with the downgrade of

BP (BP). Its shares ended Friday flat.

"If you think gasoline is coming down, Six Flags (SIX) is going to have a good year-over-year performance," he said. "I do like Six Flags." Investors sent SIX shares down 1.3%.

Goldman likes Estee Lauder (EL), but Cramer thinks it's a little high-priced. EL shares closed 1.7% higher.

Stifel Nicolaus downgraded Ethan Allen Interiors (ETH) from hold to buy. "This is all about the stock market and fiscal cliff," Cramer explained. The company sells more furniture when people are psyched up than when they are psyched down.

Psyched down investors pushed shares down 8.7% at the close.

UBS downgraded Wynn Resorts (WYNN). "In Steve Wynn I trust," Cramer pronounced. The stock closed flat.

Blair warns on Research in Motion (RIMM). RIMM doubled, Cramer said, so the stock is "a little too hot for me." RIMM was up 1.3% at the Friday close.

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-- Written by Anthony Buccino in New York.

At the time of publication, Cramer's Action Alerts PLUS had no position in the stocks mentioned.

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