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(Updates from 10:29 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 believes a number of investors don't like Synovus Financial (SNV - Get Report), but they're wrong and this bank will go higher. That compares to Texas Instruments (TXN - Get Report), which told investors things weren't so bad, then guided below Street estimates. Investors continued to disagree, sending SNV down 4.1% Wednesday. TXN was off 1.1%.
Cramer was upbeat on Unilever (UL) because that company is a great consumer packaged-goods play, and Cree (CREE - Get Report), a company that is finally delivering new energy-efficient LED light bulbs. UL was up 2.6% but CREE jumped 22.1%.Rounding out the group, Cramer urged investors to use caution with Map Pharmaceuticals (MAPP), saying that Allergan (AGN) is plotting to own the migraine market. He also says be careful about KB Homes (KBH - Get Report) because there's a secondary offering coming soon for the stock. Investors ignored the caution, pushing MAP up 58.6% Wednesday. KBH ended the day 8.9% higher. 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
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