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(Updates from 10:45 a.m. ET with closing information.
NEW YORK (
) -- Here's what Jim Cramer had to say on
"Squawk On The Street" Thursday:
Cramer noted how strong
(BIIB - Get Report)
stock is even though the company's ALS drug failed. "I think this is a great company," Cramer said. BIIB shares closed down 1.4% Thursday.
Surprised at Stifel Nicolaus upgrading both
(DHI - Get Report)
(TOL - Get Report)
, Cramer said, "It's a bit late," then added, "This is the impetus behind the group going up." DHI and TOL both closed flat.
Cramer thinks the
(CSCO - Get Report)
upgrade to outperform by RBC is important. "Cisco is doing better than people think," he said. CSCO closed up 1%.
Following another upgrade on
(PCLN - Get Report)
, Cramer called it "the last darling standing." PCLN was up 1.6%.
(HUN - Get Report)
, Cramer said its new CEO could stabilize and take the stock to $20 a share. HUN ended the day up 3.3%.
By contrast, calling it the disaster du jour, Cramer pointed to the stock falloff at
(MLNX - Get Report)
after the CFO left. "Ask Herb Greenberg," he said of his
colleague. "That's all you need to know." MLNX plummeted 17% Thursday.
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-- Written by Anthony Buccino in New York