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

(Updates from 10:35 a.m. ET with closing information.)



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


"Squawk On The Street" Wednesday.

Biogen Idec

(BIIB) - Get Biogen Inc. Report

investors are worried about drug protection in Europe but Cramer thinks it's overdone and Biogen is fine. BIIB ended Wednesday down 7.4% to $206.55.


(MTW) - Get Manitowoc Company, Inc. Report

should be split into two companies, according to Cramer. Ice machines and cranes "don't fall under the same roof," he said. MTW was 2.2% lower at $18.59.

Citigroup upgraded

Applied Materials

(AMAT) - Get Applied Materials, Inc. Report

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TheStreet Recommends

to buy from neutral. Cramer agreed with the call. AMAT was flat at $15.25.


(GOOG) - Get Alphabet Inc. Class C Report

has a new $1,000 price target. Cramer loves the company and raised his target to $1,001, saying Google is "very solid." GOOG fell nearly 1% to $871.98.

Royal Bank of Scotland

(RBS) - Get Royal Bank of Scotland Group Plc Report

is one of Cramer's favorite speculation plays, he said. "I think it goes much higher." RBS closed at $9.84, down 3.8%.

Tesla Motors'

(TSLA) - Get Tesla Inc Report

price target was raised by Baird, but Cramer thinks the stock has run too far, too fast. He said Tesla is "a sell." TSLA was up 3.5% to $97.73.

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-- Written by Bret Kenwell in Petoskey, Mich.

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

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

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