Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updates from 10:35 a.m. ET with closing information.)
NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Friday:
Cramer said that if the economy was slowing, it would show up in the earnings of International Paper (IP - Get Report). So far, that hasn't happened. Along those lines, Cramer noted Williams-Sonona (WSM - Get Report) is another company making a lot of money in the current environment. IP ended trading flat at $48.20 but WSM rose 1.7% to $52.36.
Cramer had some cautious words about Visa (V - Get Report), saying the credit card giant is no longer a cheap stock. He was more bullish on the iShares MSCI Mexico Investable Market (EWW) ETF, saying the Mexican peso could hit a 10:1 ratio with the U.S. dollar. V fell 1.1% to $165.75 and EWW was off 1.6% to $75.45.Finally, Cramer is not worried about margins at Google (GOOG - Get Report), but he's not a fan of Infosys (INFY - Get Report) and prefers Accenture (ACN). GOOG ended the day flat at $790.05 but INFY tumbled 20.1% to $43.10. 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