Cramer's 6 Stocks in 60 Seconds: BIIB MTW AMAT GOOG RBS TSLA (Update 1)

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


(Updates from 10:35 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.

Biogen Idec ( BIIB) investors are worried about drug protection in Europe but Cramer thinks it's overdone and Biogen is fine. BIIB ended Wednesday down 7.4% to $206.55.

Manitowoc ( MTW) should be split into two companies, according to Cramer. Ice machines and cranes "don't fall under the same roof," he said. MTW was 2.2% lower at $18.59.

Citigroup upgraded Applied Materials ( AMAT) to buy from neutral. Cramer agreed with the call. AMAT was flat at $15.25.

Google ( GOOG) has a new $1,000 price target. Cramer loves the company and raised his target to $1,001, saying Google is "very solid." GOOG fell nearly 1% to $871.98.

Royal Bank of Scotland ( RBS) is one of Cramer's favorite speculation plays, he said. "I think it goes much higher." RBS closed at $9.84, down 3.8%.

Tesla Motors' ( TSLA) price target was raised by Baird, but Cramer thinks the stock has run too far, too fast. He said Tesla is "a sell." TSLA was up 3.5% to $97.73.

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-- Written by Bret Kenwell in Petoskey, Mich.

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

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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