Cramer's 6 Stocks in 60 Seconds: ABBV MGM DNKN K FIVE MJN (Update 1)

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

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(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) and prefers Abbott Laboratories (ABT), which spun off Abbvie earlier this month. He was more upbeat on MGM Resorts (MGM), 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), which is moving into California, and Kellogg (K), 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) also received a thumbs up from Cramer, as that stock shot higher after a secondary offering. Cramer's only bearish call, Mead Johnson (MJN), a company he said may is not making the numbers. FIVE jumped 8.1% and MJN ended the trading day down 3.3%.

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-- Written by Scott Rutt in Washington.

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At the time of publication, Cramer's Action Alerts PLUS had a position in ABT.

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