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

(Updates from 11:04 a.m. ET with closing information.




) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Wednesday:

Cramer thinks

City National


is a classic, good bank. "You should buy it." Shares were flat at the Wednesday close.

Teva Pharmaceutical


"has been such a dog, and it continues to be so, there's nothing special happening here," Cramer said. Shares closed down an unhealthy 5.3%.

After reading an interview in the

New York Times


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TheStreet Recommends

Tanger Factory Outlet Centers


, Cramer said the company's stock has been an outperformer and noted CEO Steve Tanger talked about having a terrific holiday season. SKT was flat.



has been a decent company, Cramer said. "I wouldn't sell this stock," he advised, adding there's "no way" this company should have been downgraded. NVS closed flat.

On Piper Jaffray's upgrade of

Take-Two Interactive Software


, Cramer said it "does seem like there's some sweet spot for gaming all of a sudden. I hated the stock. I'm probably wrong. It's probably okay now." Shares closed up 2.6%.



reaffirmed 2012 guidance and its 2013 outlook. The big-cap stocks have been saying things are looking fine, Cramer said. "These are not supposed to look fine," Cramer said, so maybe it's a sign of better days coming. Shares closed up 2.2%.

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-- Written by Anthony Buccino in New York


At the time of publication, Cramer's Action Alerts PLUS had no position in the stocks mentioned.

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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