Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updates from 10:39 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.
JPMorgan upgraded Computer Sciences (CSC - Get Report) to hold from sell after the company reported better-than-expected earnings. "I agree," Cramer said. CSC jumped 9.5% to $60.41.
Raymond James says to buy PulteGroup (PHM - Get Report). Cramer reminded investors that when "interest rates are going down, that's great for Pulte." He added that investors should not panic with the stock. PHM was 2.8% higher at $20.32.
Sterne Agee upgraded Raytheon (RTN - Get Report) to buy from hold. Cramer said the company reported a "fabulous quarter," and investors have continued buying the stock. It's now forcing analysts to come in late and upgrade the stock. RTN rose 3.5% to $95.07.
Citrix Systems (CTXS - Get Report) is bouncing after receiving an upgrade from JPMorgan to buy from hold. Cramer said the "cloud is another great place to be," although he admitted CTXS was not one of the top plays in the group. CTXS ended the day up 1.5% at $54.07.
"Manitowoc Company (MTW - Get Report) is incredible," Cramer said, before reiterating that the company should spin off certain business segments. He added that investors shouldn't panic over the global economy so long as MTW continues to do well. MTW vaulted 14.9% to $28.45.
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.