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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
(NOK) more than ever, Cramer said, who added that Nokia got the better end of the deal with
(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
. 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
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
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.
could be very well positioned for a rebound in Europe -- which
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.
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-- Written by Bret Kenwell in Petoskey, Mich.
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