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(Updates from 12:21 p.m. ET with closing information.)
NEW YORK (
) -- Here's what Jim Cramer had to say on
's "Squawk On The Street" Wednesday:
Cramer said stocks such as
(ESRX - Get Report)
are exactly the kinds of stocks that work in this environment. He was also upbeat on
(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
(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
(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.
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-- Written by Scott Rutt in Washington
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