Cramer's 6 Stocks in 60 Seconds: SWY MLNX BMY GOL BPL CAG (Update 1)

Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

(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%.

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-- Written by Scott Rutt in Washington.

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At the time of publication, Cramer's Action Alerts PLUS had a position in BMY.

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