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

(Updates from 11:15 a.m. ET with closing information.)



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


"Squawk On The Street" Thursday.

Sterne Agee made a bold call that

MGM Resorts

(MGM) - Get Report

is coming back. "I believe in this" company, Cramer said. "I want to buy MGM." MGM closed Thursday up 3% to $15.14.


Continental Resources'

(CLR) - Get Report

assets from the Bakken Shale, "people are saying it didn't have the growth that we wanted," Cramer said. "Remember,

EOG Resources

(EOG) - Get Report

has better assets but (Continental founder) Harold Hamm does a good job. I'd rather be in EOG," Cramer said. CR was 1.1% lower at $83.99.

Speaking of a Credit Suisse report on


(IR) - Get Report

, Cramer said the "breakup value is immense, and this is the kind industrial

that people are reaching for. I like the call." IR was up 1% to $55.87.

Sales and marketing chief Scott Coleman at


(DD) - Get Report

has done a great job, Cramer said. "I think this is finally in breakout mode." DD rose 1.2% to $55.38.

As to



first-quarter earnings, Cramer said "a lot of people are saying AOL didn't have the numbers" but he talked to CEO Tim Armstrong. "Don't short this company," Cramer warned."They've got a lot of videos and a lot of advertising." AOL climbed 3.4% to $39.04.

(CRM) - Get Report

stock has been moribund lately, Cramer said. When Morgan Stanley says it's behind the company, "that may be more of a reaction to the horrible numbers at



, which turned out to be a commodity play, not a cloud play," Cramer said. CRM ended the day 1.8% higher at $43.15.

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-- Written by Anthony Buccino in New York.

Follow @AnthonyBuccino

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

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