Cramer's 6 Stocks in 60 Seconds: CRL TUMI DLTR LM PNRA VLO (Update1)

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(Updates from 11:39 a.m. ET with closing information.)

NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Wednesday:

Cramer said sequestration could spell bad news for Charles River ( CRL) and its government contracts, which makes him worried. CRL shares fell 4.5% to $42.19 Wednesday.

But he was not worried about luggage maker Tumi ( TUMI) at the high end of retail or Dollar Tree ( DLTR) at the low end, however. TUMI was up 1% to $21.50 while DLTR was unchanged at $47.26.

Cramer said he's not a seller of Legg Mason ( LM) and would be a buyer of Panera Bread ( PNRA) as crop prices continue to fall. LM was down 3.7% to $30.49 but PNRA rose 2.5% to $169.50.

Finally, Cramer said he would wait a few days to buy shares of Valero ( VLO) as the markets digest the latest news from that sector. VLO ended the day down 4.3% to $40.60.

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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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