Cramer's 6 Stocks in 60 Seconds: WAG LINE KRO HPQ KO P (Update 1)

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

(Updates from 10:24 a.m. ET with closing information.)

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

Goldman Sachs made Walgreen ( WAG) a conviction buy selection, but Cramer warned the stock is getting rich in valuation. WAG jumped 5% to $53.29.

Cramer said Linn Energy ( LINE) could be at the beginning stages of taking another leg higher. LINE was unchanged at $27.87.

Kroger ( KR) is a great company, Cramer said, adding that it has a strong private-label brand. KRO fell 1.2% to $15.50.

Hewlett-Packard's ( HPQ) estimates are too high and revenue are not growing, according to Cramer. HPQ was lower by 1.4% to $21.96.

Even though Coca-Cola ( KO) is losing market share to PepsiCo ( PEP), carbonated soft drinks continue to be a horrible category, he added. KO was flat at $38.44.

Pandora's ( P) announcement regarding its new CEO has the stock ripping higher. Cramer said there are a lot of shorts in the name and the bulls really love this company. P showed that love, elevating by 12.1% to $2.59.

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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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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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