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(Updates from 10:40 a.m. ET with closing information.)
NEW YORK (
TheStreet) -- Here's what Jim Cramer had to say on
CNBC's "Squawk On The Street" Thursday:
A recent downgrade of
Safeway(SWY) is well behind the curve as that stock has already rallied big time, Cramer said. He was bearish on
Mellanox(MLNX - Get Report), telling investors to "stay away." SWY ended Thursday down 2.7% while MLNX was off 1.3%.
However, Cramer was bullish on
Bristol-Myers Squibb(BMY - Get Report), a stock he owns in his
Action Alerts PLUS
charitable trust, saying the stock will go much higher. He also recommended
Gol Linhas(GOL), the Brazilian airline, suggesting that stock goes from $7 to $14 a share. BMY was up 2.6% while GOL flew 3.8% higher.
Cramer was upbeat on
Buckeye Partners(BPL - Get Report) and
ConAgra(CAG - Get Report), saying he likes both companies. BPL was down 4.2% Thursday while CAG ended the day up 1.8%.
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