Cramer's 6 Stocks in 60 Seconds: YHOO BNNY COTY HLF BHI NDLS (Update 1)

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


(Updates from 10:53 a.m. ET with closing information.)

NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Tuesday.

Needham downgraded Yahoo! ( YHOO) to hold from buy. Cramer wasn't surprised after hedge fund manager Dan Loeb said Monday he'd be selling most of his stock and leaving the board. YHOO closed 1.8% lower at $27.36.

JPMorgan downgraded Annie's ( BNNY) to hold from buy. Cramer agreed, saying the stock has become too expensive. BNNY was off 3.8% at $42.70.

Coty ( COTY) didn't have a good initial public offering and isn't expensive, Cramer said, but the company needs to have a solid earnings report. COTY rose nearly 1% at $17.06.

Cramer warned Herbalife ( HLF) continues to be very controversial. With Bill Ackman's short position, Cramer said, Carl Icahn and other fund managers are pushing for a short squeeze higher. HLF fell nearly 1% at $59.11.

Cramer said oilwell services companies have been unstoppable this year, and that puts Baker Hughes ( BHI) in a good position. BHI rose nearly 1% at $47.75.

UBS initiated Noodles & Co. ( NDLS) with a neutral rating and a $46 price target. Cramer said that after this one went public it turned out to be a little expensive. He said investors should keep an eye on Chipotle Mexican Grill's ( CMG) ShopHouse Asian Kitchen. NDLS jumped 5% to $44.22.

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-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in the stocks mentioned.

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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