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NEW YORK (
) -- Here's what Jim Cramer had to say on
"Squawk On The Street" Wednesday.
(Updates from 10:30 a.m. ET with closing information.)
Goldman Sachs upgraded
Tanger Factory Outlet
. Cramer reminded investors that real estate investment trusts like Tanger "have been awful" on
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.