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(Updates from 10:59 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.
Eli Lilly (LLY - Get Report) recently failed in its mid-stage clinical trials for its Alzheimer's drug but, according to Cramer, people don't care because they love the stock so much. LLY was unchanged at $52.05.Goldman Sachs downgraded Rubicon (RBCN - Get Report) to sell after sales are expected to drop because its top customer will likely lose market share in the LED space. Cramer concurred. RBCN plummeted 8.9% to $7.18 Friday. American Express (AXP - Get Report) was downgraded by Barclays to hold from buy but Barclays raised its price target. "I find that confusing. You hate it but you like it," Cramer said. SXP fell 3% to $72.97. KeyBank thinks Hormel Foods (HRL - Get Report) "is a winner," Cramer said. "This has become a very acquisitive company," he said, pointing out a bullish reverse head-and-shoulders pattern on the company's chart. HRL closed at $40.13 Friday, up nearly 1%. Clean Harbors (CLH - Get Report) is still one of Cramer's favorite companies despite its recent purchase of Safety-Kleen, a move he questions. CLH was flat at $54.77. 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 Petoskey, Mich. Follow @traderboy23
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