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(Updates from 10:57 a.m. ET with closing information.)

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

Raymond James upgraded VMware (VMW) - Get VMware, Inc. Class A Report to strong buy from buy and Cramer said everyone loves the stock. He added, "If it does go down, it will bounce back." VMW fell 3.4% to $91.72.

Credit Suisse raised its price target on Medivation (MDVN) to $95 from $80. Cramer said its prostate cancer drug "has some really good results" and that investors will get more information on the drug from the company on Thursday. MDVN jumped 11.2% to $84.29.

WellPoint (WLP) is now higher, after dropping on Tuesday ahead of its fourth-quarter earnings results. "These stocks are very hard to trade," Cramer said, but this one had an impressive bounce back after it looked liked it disappointed. WLP was 1.3% higher to close at $85.37.

Michael Kors (KORS)  is "a very volatile stock," Cramer said. But Coach's (COH) losses are KORS' gains, Cramer said, quoting the retailer. KORS fell 3.8% to $78.74.

Keefe Bruyette & Woods downgraded D.R. Horton (DHI) - Get D.R. Horton, Inc. Report to hold from buy. Every time the homebuilders go up a couple bucks, "someone has to downgrade them," Cramer said. DHI rose 11 cents to $23.11.

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Goldman Sachs downgraded Teradata (TDC) - Get Teradata Corporation Report to sell from hold. Cramer said he found it "interesting this isn't down more," but acknowledged that it is one of the worst-performing stocks in the S&P 500 over the past year. TDC fell 4.2% to $42.07.

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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.

  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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