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NEW YORK (
TheStreet) -- Here's what Jim Cramer had to say on
CNBC's "Squawk On The Street" Wednesday.
(Updates from 10:30 a.m. ET with closing information.)
Goldman Sachs upgraded
Tanger Factory Outlet
(SKT). Cramer reminded investors that real estate investment trusts like Tanger "have been awful" on
Federal Reserve announcement days. SKT closed down 3.1% to $33.39.
(GLW - Get Report) is loved by retail investors at the moment, but Cramer remains pessimistic. "I'll believe it when it I see it," he said. GLW fell 1.6% to $14.95.
(BBRY - Get Report)
was downgraded by Bernstein. Cramer concurs, adding, "For them to say sell, you should sell." BBRY dropped 4.4% to $14.18.
(SODA - Get Report)
has been doing well but with a downgrade from William Blair, "enough is enough," Cramer said. SODA fell 2.8% to $68.57.
(V - Get Report)
, along with
, are among his favorite momentum names and will be going higher. V closed at $182.63, down 1%.
Cramer refused to take a position on
Cliffs Natural Resources
(CLF - Get Report)
, citing the extreme up-and-down price action of the stock. CLF was nearly 1% lower at $18.47.
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-- Written by Bret Kenwell in Petoskey, Mich.
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