Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updates from 10:49 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.
BMO downgraded Dick's Sporting Goods (DKS - Get Report) to sell from hold. "I don't like this call," Cramer said, adding that he's a buyer. DKS fell 2.2% to $54.90.
Bernstein upgraded Cabot Oil & Gas (COG - Get Report) to buy from hold. This time Cramer agreed, calling the company the "most levered to natural gas." The stock will go higher, he stated. COG rose 3% to $34.08.
BioMarin Pharmaceutical's (BMRN - Get Report) Vimizim drug received favorable approval from a Food and Drug Administration advisory committee on Tuesday. Cramer called it a "big win" for the company and said the stock will likely go higher from here. BMRN rose 3.3% to $69.14.
Demandware (DWRE - Get Report) announced a secondary offering at $57. Cramer thinks that if the stock can get back through the secondary level, e-commerce stocks, including Yelp (YELP), "can go higher." DWRE dropped 6.4% to $54.15.
Barclays cut its price target on Tesla Motors (TSLA - Get Report) to $120. Barclays suggested sales could fall by 10% to 20% due to the recent fires, Cramer noted. TSLA closed down 4% to $121.11.
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.