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NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Friday.

Goldman Sachs downgraded Sirius XM Radio (SIRI) to hold from buy after subscription numbers disappointed in an otherwise solid quarter. Cramer agreed with the call. SIRI fell 4.1% to $3.75.

Deckers Outdoor (DECK) is ripping higher after reporting better-than-expected earnings results. Cramer said the move should continue because of the high short interest. DECK closed up 20.5% at $69.99.

Columbia Sportswear (COLM) beat on the top and bottom lines and Cramer added that management guided higher and runs the company well. COLM jumped 6.5% to $69.35.

Eastman Chemical (EMN) did not deliver a good earnings report. Cramer said this isn't what investors wanted to see, with the stock selling off as a result. EMN dropped 5.2% to $77.94.

Cramer called Cabot Oil and Gasundefined "the biotech stock of oil," referring to its incredible growth. COG rose 6.1% to $36.98.

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Sherwin Williams (SHW) redeemed itself from its poor earnings results last quarter by doing much better with its most recent quarterly report, Cramer said. SHW ended the day at $195.07, up 4.3%.

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-- Written by Bret Kenwell in Petoskey, Mich.

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

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

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