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 10:37 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.
J.P. Morgan cut its estimates for
Coca-Cola(KO - Get Report). Cramer suggested investors avoid the name, saying the company has "lost its edge." KO fell 1.4% to $37.43.
William Blair initiated
Cabela's(CAB - Get Report) with a hold rating. Cramer agreed, noting this is where people buy guns. CAB dropped 1.9% to $62.54.
Jefferies said not to worry about
International Paper(IP - Get Report). Cramer concurred, adding, John Faraci "is a great CEO. Don't bet against this man." IP fell 1.5% to $44.60.
Terex(TEX - Get Report) is one of the best ideas at Morgan Stanley. Cramer said he and others like the contrarian call. TEX rose 1.4% to $34.41.
Ciena(CIEN - Get Report) has been the best telco play," Cramer said, adding that he is shocked by the way the stock continues to move higher. CIEN was unchanged at $25.60.
Pacific Crest upgraded
Seagate Technologies(STX - Get Report) to buy from hold and like
Micron(MU), should continue to do well from supply constraint, Cramer said. STX was 2.8% higher at $45.95.
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