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(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. Morgan Stanley and RBC like Nokia ( NOK) more than ever, Cramer said, who added that Nokia got the better end of the deal with Microsoft ( MSFT). NOK jumped 5.1% to $5.95. J.P. Morgan upgraded Banco Santander S.A. ( SAN) to hold from sell. Cramer said the bank will rebound, but prefers Banco Bilbao Vizcaya Argentina S.A. ( BBVA). SAN rose 1.3% to $7.65. Jefferies lowered its expectations for Consolidated Edison ( ED). Cramer said the name is not a yield play, but will eventually get interesting again. ED fell 1.6% to $55. Goldman Sachs said don't give up on ConAgra Foods ( CAG) and its CEO, Gary Rodkin. Cramer agreed, although he said the stock has been horrendous of late. CAG was 1.1% higher to $31.89. Deutsche Bank said Wynn Resorts ( WYNN) will do well. Cramer agreed, adding that it's a play on China and the stock is breaking out. WYNN rose 1.1% to $150.87. Cramer said Starbucks ( SBUX) could be very well positioned for a rebound in Europe -- which McDonald's ( MCD) suggested was now the case -- since CEO Howard Schultz promised to address the company's efforts in the region last year. SBUX ended the day up 1.6% at $75.39. 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