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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.
Corning (GLW) 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.Phone maker BlackBerry (BBRY) was downgraded by Bernstein. Cramer concurs, adding, "For them to say sell, you should sell." BBRY dropped 4.4% to $14.18. SodaStream International (SODA) has been doing well but with a downgrade from William Blair, "enough is enough," Cramer said. SODA fell 2.8% to $68.57. Cramer said Visa (V), along with MasterCard (MA), 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), citing the extreme up-and-down price action of the stock. CLF was nearly 1% lower at $18.47. 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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