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(Updates from 10:29 a.m. ET with closing information.)
NEW YORK (
) -- Here's what Jim Cramer had to say on
's "Squawk On The Street" Wednesday:
Cramer believes a number of investors don't like
(SNV - Get Report)
, but they're wrong and this bank will go higher. That compares to
(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
because that company is a great consumer packaged-goods play, and
(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
, saying that
is plotting to own the migraine market. He also says be careful about
(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.
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-- Written by Scott Rutt in Washington
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