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(Updates from 12:21 p.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 stocks such as Express Scripts (ESRX - Get Report) are exactly the kinds of stocks that work in this environment. He was also upbeat on United Rentals (URI - Get Report), saying that the company is doing well. ESRX ended trading Wednesday down 1.1% to $55.60 while URI fell 1.4% to $51.46.
Cramer was critical of the analysts who downgraded Bed Bath & Beyond (BBBY - Get Report) at the bottom, as that stock has done nothing but climb since the downgrades came out. He also continued to like Johnson & Johnson (JNJ - Get Report), saying that the company can do no wrong. BBBY rose 1% to $66.40 and JNJ was up 1% to $83.90.Finally, Cramer said that while Workday (WDAY - Get Report) shares are expensive, they still continue to ramp higher as investors clamor for software as a service stocks. He also said he's not betting against Target (TGT - Get Report), a stock that's only down 11 cents since missing its earnings. WDAY fell 1.7% to $58.99 but TGT rose 1% to $68.76. 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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