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(Updates from 10:44 a.m. ET with closing information.) NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Friday. William Blair upgraded T-Mobile US ( TMUS) to buy from hold. Cramer said both the analyst and the stock have been on fire. TMUS was unchanged at $24.53. Jefferies initiated coverage on Under Armour ( UA) with a hold rating. Cramer said he was surprised because he expects the company to report good earnings next week. UA was flat at $77.20. Cramer said Dow Chemical ( DOW) could get out of its low-multiple businesses and into the specialty chemical business, which, in turn, warrants a higher valuation. DOW was unchanged at $38.56. Bernstein likes Anadarko Petroleum ( APC) and so does Cramer -- it's a holding in his Action Alerts PLUS portfolio. He said the stock is cheap relative to its peers. APC was flat at $93.01. Cramer said Five Below ( FIVE) is like an expensive dollar store, and UBS's upgrade ahead of the quarter was "gutsy." FIVE rose 1% to $39.49. E-Trade Financial ( ETFC) is going to be able to return capital to its shareholders, Cramer said, which is very good. EFC jumped 4.6% to $16.26. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell