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

(Updates from 10:45 a.m. ET with closing information.




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


"Squawk On The Street" Thursday:

Cramer noted how strong

Biogen Idec

(BIIB) - Get Report

stock is even though the company's ALS drug failed. "I think this is a great company," Cramer said. BIIB shares closed down 1.4% Thursday.

Surprised at Stifel Nicolaus upgrading both

DR Horton

(DHI) - Get Report


Toll Brothers

(TOL) - Get Report

, Cramer said, "It's a bit late," then added, "This is the impetus behind the group going up." DHI and TOL both closed flat.

Cramer thinks the


(CSCO) - Get Report

upgrade to outperform by RBC is important. "Cisco is doing better than people think," he said. CSCO closed up 1%.

Following another upgrade on


, Cramer called it "the last darling standing." PCLN was up 1.6%.

Speaking about


(HUN) - Get Report

, Cramer said its new CEO could stabilize and take the stock to $20 a share. HUN ended the day up 3.3%.

By contrast, calling it the disaster du jour, Cramer pointed to the stock falloff at

Mellanox Technologies

(MLNX) - Get Report

after the CFO left. "Ask Herb Greenberg," he said of his


colleague. "That's all you need to know." MLNX plummeted 17% Thursday.

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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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