Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

(Updates from 10:36 a.m. ET with closing information.)



) -- Here's what Jim Cramer had to say on


"Squawk on the Street" Wednesday.

Merrill Lynch upgraded

Best Buy

(BBY) - Get Report

to hold from sell. Cramer said the once-hated stock continues to get some love from analysts. BBY was unchanged at $37.14.

Cramer noted that Sterne Agee is positive on


(HAL) - Get Report

following the company's recent Dutch tender offering, which weighed on the stock over the past several trading sessions. HAL was up 1.6% to $49.08.


(FRAN) - Get Report

is getting crushed following an earnings miss. Cramer pointed out the contrast between lower-end and teen apparel versus a higher-end player like

Michael Kors


, which is doing very well. FRAN dropped like a stone by 26% to $17.79.


(FB) - Get Report

got a price target boost to $50 at Baird. Cramer likes that, especially since his Action Alerts PLUS charitable portfolio owns shares. FB was flat at $41.78.

Citigroup is optimistic on

Dick's Sporting Goods

(DKS) - Get Report

ahead of its Sept. 19 analyst meeting. Cramer said


(NKE) - Get Report

has been strong as of late, which could be beneficial to the sporting goods retailer. DKS rose by 2% to $47.79.

Cramer said


(MU) - Get Report




are benefiting in a big way from the recent factory fire at


, a maker of flash memory and DRAM. MU ended the day 5.3% higher at $14.75.

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-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS had a position in FB.

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