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NEW YORK (
) -- Here's what Jim Cramer had to say on
"Squawk On The Street" Wednesday.
After another earnings miss, people are giving up on
, Cramer said. JNPR closed down 9.6% to $15.69.
is hurting because people aren't. Cramer said people just aren't having the medical procedures that drive this company's products. EW dropped 22% to $64.60.
can take the day off, Cramer said. "There's a reversion today. People are going away from these stocks, in part because of
, in part because of
Procter & Gamble
. These stocks are taking a breather, so Hershey's not rallying." HSY fell 2.1% to $89.34.
Beating same-store sales is going to get a little tough at
, Cramer said. "Don't give up on this company, it's doing a good job. The sales are good here." PNRA fell 1.9% to $176.97.
Chairman Ben Bernanke saved
, Cramer quipped, adding, the company had an "11.5% piece of paper they refinanced at 3.375%." Realogy is doing well with the leftover cash, he said. RLGY rose 1% to $47.75.
The drug companies are not in favor today, and that's not good for
. The company had a good quarter but not enough for today, Cramer said. "It'll be good tomorrow." LLY ended the day 3.9% lower at $56.05.
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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.
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