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(Updates from 10:40 a.m. ET with closing information.) NEW YORK (
TheStreet) -- Here's what Jim Cramer had to say on
CNBC's "Squawk On The Street" Thursday:
A recent downgrade of
Safeway (
SWY) is well behind the curve as that stock has already rallied big time, Cramer said. He was bearish on
Mellanox (
MLNX), telling investors to "stay away." SWY ended Thursday down 2.7% while MLNX was off 1.3%.
However, Cramer was bullish on
Bristol-Myers Squibb (
BMY), a stock he owns in his
Action Alerts PLUS charitable trust, saying the stock will go much higher. He also recommended Gol Linhas ( GOL), the Brazilian airline, suggesting that stock goes from $7 to $14 a share. BMY was up 2.6% while GOL flew 3.8% higher. Cramer was upbeat on Buckeye Partners ( BPL) and ConAgra ( CAG), saying he likes both companies. BPL was down 4.2% Thursday while CAG ended the day up 1.8%. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Scott Rutt in Washington. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
