Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updates from 10:05 a.m. ET with closing information.)
NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Wednesday:
Cramer said he's not a fan of Abbvie (ABBV - Get Report) and prefers Abbott Laboratories (ABT), which spun off Abbvie earlier this month. He was more upbeat on MGM Resorts (MGM - Get Report), saying this company remains the best speculative play in the casino group. ABBV ended trading Wednesday up 2.7% while MGM fell 1.3%.
Cramer also showed some love for Dunkin Brands (DNKN - Get Report), which is moving into California, and Kellogg (K - Get Report), which has new management and should be able to blow out the numbers. DNKN was up 2.6% but K was flat.Dollar store chain Five Below (FIVE - Get Report) also received a thumbs up from Cramer, as that stock shot higher after a secondary offering. Cramer's only bearish call, Mead Johnson (MJN - Get Report), a company he said may is not making the numbers. FIVE jumped 8.1% and MJN ended the trading day down 3.3%. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Scott Rutt in Washington. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts