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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