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(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.
Restoration Hardware(RH - Get Report) has just completed a successful secondary offering and Cramer thinks the sell ratings are downright foolish. RH ended Wednesday up 1.1% to $53.05.
Safeway(SWY) "is bad," according to Cramer. Goldman Sachs thinks it's a bad situation and "besides
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..