Cramer's 6 Stocks in 60 Seconds: GRPN AWAY PEGA KORS IMAX ARMH (Update 1)

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

(Updates from 10:46 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:

Cramer said that it may no longer be too early to buy shares of Groupon ( GRPN) after the daily deals company received some positive analyst comments about its international efforts. He was also upbeat on Home Away ( AWAY), calling it "a great company."

GRPN shares ended Thursday up 3.8% but AWAY jumped 13.3%.

Also on the bull list, Pegasystems ( PEGA), part of a group Cramer said is alive and well, and accessory retailer Michael Kors ( KORS), whose secondary offering is not holding its price, giving investors a rare buying opportunity.

PEGA rose 1.5% but KORS fell 4.1%.

Cramer said he was wrong to be cautious on Imax ( IMAX) because 3-D movies have been a positive force at the company. He ended with ARM Holdings ( ARMH), saying the bottom is still nowhere in sight for this chip designer.

IMAX ended the day up a big 4.3% but ARMH fell 2.5% Thursday.

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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 no position in the stocks mentioned.

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