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NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Wednesday: Cramer said that he just can't think of a reason to own oil giant BP ( BP) with growth around the world slowing. Likewise with embattled retailer JC Penney ( JCP). Cramer said it's simply "too early" to consider an investment. When asked whether Qualcomm ( QCOM) or Broadcom ( BRCM) was the hotter chipmaker, Cramer said Qualcomm has exposure to Apple ( AAPL) but he prefers Broadcom, a stock he owns for his charitable trust,