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(Updates from 10:35 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.
Morgan Stanley and RBC like
Nokia(NOK - Get Report) more than ever, Cramer said, who added that Nokia got the better end of the deal with
Microsoft(MSFT). NOK jumped 5.1% to $5.95.
J.P. Morgan upgraded
Banco Santander S.A.(SAN) to hold from sell. Cramer said the bank will rebound, but prefers
Banco Bilbao Vizcaya Argentina S.A.(BBVA). SAN rose 1.3% to $7.65.
Jefferies lowered its expectations for
Consolidated Edison(ED - Get Report). Cramer said the name is not a yield play, but will eventually get interesting again. ED fell 1.6% to $55.
Goldman Sachs said don't give up on
ConAgra Foods(CAG - Get Report) and its CEO, Gary Rodkin. Cramer agreed, although he said the stock has been horrendous of late. CAG was 1.1% higher to $31.89.
Deutsche Bank said
Wynn Resorts(WYNN - Get Report) will do well. Cramer agreed, adding that it's a play on China and the stock is breaking out. WYNN rose 1.1% to $150.87.
Starbucks(SBUX - Get Report) could be very well positioned for a rebound in Europe -- which
McDonald's(MCD) suggested was now the case -- since CEO Howard Schultz promised to address the company's efforts in the region last year. SBUX ended the day up 1.6% at $75.39.
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