Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updates from 10:44 a.m. ET with closing information.)
NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Wednesday.
Safeway (SWY - Get Report) "is bad," according to Cramer. Goldman Sachs thinks it's a bad situation and "besides Kroger (KR) and Whole Foods (WFM), no one likes this group," he said. SWY was unchanged at $25.47.Michael Kors (KORS - Get Report) is liked by Piper Jaffray and Cramer thinks this is a "very gutsy call ahead of the quarter," but does believe the company is doing well. KORS fell 1.4% to $60.50. Charles Schwab (SCHW - Get Report) received a downgrade from Barclays and Cramer doesn't agree. He noted, "If you get retail (investing) back, you're going to look back and say 'why did I do that?'" SCHW rose 1.2% to $18.98, Noble Energy (NE - Get Report) is "perhaps the most undervalued name other than EOG Resources (EOG)," according to Cramer. He also thinks the company has great properties in the Mediterranean. NE was 1% higher to $39.97. AbbVie (ABBV - Get Report), which is a spinoff from Abbott Laboratories (ABT), looks great, according to Cramer. "What a win!" he concluded. ABBV closed at $46.03, up 1.5%. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Bret Kenwell in New York..