Cramer's 6 Stocks in 60 Seconds: NOK SAN ED CAG WYNN SBUX (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.

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.

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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.

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