Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updates from 10:23 a.m. ET with closing information.)
NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Thursday.
Credit Suisse downgraded GlaxoSmithKline (GSK) to sell from hold. Cramer said if investors think the market is going to reverse, they should sell the stock now. GSK rose 1% to $49.69.
Cramer said Ascena Retail Group (ASNA) had a good quarter and surprised investors. "Maybe it can go higher," he concluded. ASNA was up 1% to $19.79.Citi downgraded Sony (SNE) to hold from buy. Cramer said the analyst's reasoning conflicts with Best Buy's (BBY) strong upside move. SNE fell 1% to $19.57. Netflix (NFLX) now has a $425 price target at Needham. Cramer said he doesn't like to short stocks like this. NFLX jumped 5.4% to $303.99. J.P. Morgan upgraded Stratasys (SSYS) to buy from hold. Cramer said 3-D printing is "one of the most exciting areas of the market." SSYS soared 7% to $99.24. Deckers Outdoor (DECK) reports earnings in the last week of October and Credit Suisse said it will miss. Cramer warned investors to be careful with the stock. DECK fell 1.3% to $61.34. 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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts