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(Updates from 10:45 a.m. ET with closing information.
NEW YORK (
) -- Here's what Jim Cramer had to say on
"Squawk On The Street" Thursday:
Cramer noted how strong
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
, 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
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%.
, 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
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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