Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(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 - Get Report). Its shares ended Friday flat.
"If you think gasoline is coming down,
(SIX - Get Report)
is going to have a good year-over-year performance," he said. "I do like Six Flags." Investors sent SIX shares down 1.3%.
(EL - Get Report)
, but Cramer thinks it's a little high-priced. EL shares closed 1.7% higher.
Stifel Nicolaus downgraded
Ethan Allen Interiors
(ETH - Get Report)
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.
(WYNN - Get Report)
. "In Steve Wynn I trust," Cramer pronounced. The stock closed flat.
Blair warns on
Research in Motion
. 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