This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
(Updates from 10:42 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.
The U.S. Department of Justice blocked the merger between
US Airways Group(LCC) and
American Airlines. Cramer believes the deal is completely grounded. LCC fell 1.2% to $16.17.
Cree(CREE - Get Report) reported disappointing earnings results. Cramer said he thought the company was having a great quarter. At some point, it becomes a buy, he added. CREE plummeted 22.4% to $58.83.
Millennial Media(MM) is also down after reporting earnings. Cramer said that it goes to show that not everything in mobile is working. MM dropped 18.8% to $6.90.
Marvel Technology Group(MRVL - Get Report) was upgraded by Barclays. Cramer said the company is doing great, but watch out for
Hewlett-Packard(HPQ). MRVL fell 1.5% to $13.18.
Barclays increased its price target on
Best Buy(BBY - Get Report). Cramer noted that consumer spending has been strong. BBY rose 2.6% to $31.67.
Microsoft(MSFT - Get Report) overtook
BlackBerry(BBRY) as the number-three smartphone company, although it seems to be getting very little recognition for it, Cramer noted. MSFT was unchanged at $32.35.
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 @BretKenwell