Jim Cramer's 6 Stocks in 60 Seconds: ED ARMH PNRA NOK S LULU (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" Wednesday.

Goldman Sachs said to buy Consolidated Energy ( ED). Cramer said this upgrade, comnig ahead of the Federal Reserve's FOMC announcement, could hint at a small taper. ED rose 3.1% to $56.99.

Everyone seems to think ARM Holdings ( ARMH) is the best semiconductor company in the world, according to Cramer, who added that it's also related to Apple ( AAPL). ARMH was up 4.6% to $48.29.

Wedbush is bullish on Panera Bread Company ( PNRA). "I like this call very much," Cramer said. PNRA rose nearly 1% to $172.89.

"People love Nokia ( NOK) because Microsoft ( MSFT) gave them a lot of money," Cramer said. NOK jumped 7% to $6.71.

Credit Suisse initiated Sprint ( S) as a sell. Cramer added that if the firm wants to go against CEO Dan Hesse, then "be my guest." S was up nearly 1% to $6.44.

Canaccord said Lululemon Athletica ( LULU) might breakout to the upside, but Cramer said he wants to see who the next CEO will be first. LULU ended the day at $74.46, up 6%.

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-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.

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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