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(Updates from 10:42 a.m. ET with closing information.)
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Friday.
Wells Fargo cut its estimates on Ensco (ESV - Get Report) Cramer said the company "is not that strong" when it comes to the recent deepwater drilling day rates it recently released. ESV was flat at $61.09.
Terex (TEX - Get Report) beat on bottom-line estimates. That made Cramer wonder about Caterpillar (CAT) He said CAT's problems must be with execution because Terex is doing fine with what he considers a subpar product. TEX closed 1.7% higher at $35.70.Stifel Nicolaus upgraded Climarex Energy (XEC - Get Report) to buy from hold. Domestic oil companies may now be a buy after getting crushed from falling WTI crude oil prices, Cramer opined. XEC rose 1.9% to $101.24. Deutsche Bank upgraded Yum! Brands (YUM - Get Report) to buy from hold and raised its price target to $90. Cramer said the upgrade is a little late, considering the stock is up in recent trading. YUM was up 4.5% to $78.30. Splunk (SPLK - Get Report) is a "great company," Cramer said following the earnings report. He called it a buy. SPLK jumped 22.8% to $73.56. VF Corp. (VFC - Get Report) has "a lot of great" brands, Cramer said, who added that "outdoor wear is doing very well." VFC ended the day at $232.10, up 3.4%. 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