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

(Updates from 10:53 a.m. ET with closing information.)



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


"Squawk on the Street" Tuesday.

Needham downgraded



to hold from buy. Cramer wasn't surprised after hedge fund manager Dan Loeb said Monday he'd be selling most of his stock and leaving the board. YHOO closed 1.8% lower at $27.36.

JPMorgan downgraded



to hold from buy. Cramer agreed, saying the stock has become too expensive. BNNY was off 3.8% at $42.70.


(COTY) - Get Report

didn't have a good initial public offering and isn't expensive, Cramer said, but the company needs to have a solid earnings report. COTY rose nearly 1% at $17.06.

Cramer warned


(HLF) - Get Report

continues to be very controversial. With Bill Ackman's short position, Cramer said, Carl Icahn and other fund managers are pushing for a short squeeze higher. HLF fell nearly 1% at $59.11.

Cramer said oilwell services companies have been unstoppable this year, and that puts

Baker Hughes


in a good position. BHI rose nearly 1% at $47.75.

UBS initiated

Noodles & Co.

(NDLS) - Get Report

with a neutral rating and a $46 price target. Cramer said that after this one went public it turned out to be a little expensive. He said investors should keep an eye on

Chipotle Mexican Grill's

(CMG) - Get Report

ShopHouse Asian Kitchen. NDLS jumped 5% to $44.22.

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-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

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

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