Jim Cramer's 7 Stocks in 60 Seconds: FB CCL BA JBL ISRG KBH LEN (Update 1)

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


(Updates from 10:41 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.

Canaccord upgraded Facebook ( FB) and Cramer joked that it's about time someone upgraded the stock, which is a holding in his charitable portfolio, Action Alerts PLUS. He added that Sterne Agee had a note regarding the company's entry into China. FB rose 2.1% to $49.46.

Morgan Stanley downgraded Carnival ( CCL) and Cramer said the cruise ship line's orders are obviously quite low thanks to previous well-publicized problems. CCL sank 5.3% to $32.70

Boeing ( BA) was upgraded by Bernstein. Cramer thinks the stock can do even better than the $146 price target Bernstein expects, and set his own $152 price target. BA was flat at $118.51.

Jabil Circuit ( JBL) is getting a lot of business from Apple ( AAPL), Cramer said. He added "the story is not over" for Apple, another AAP holding. JBL rose 1.2% to $24.

Intuitive Surgical ( ISRG) has issues, Cramer said, but he wanted to point out the company after a smaller competitor, Mako Surgical ( MAKO), was acquired by Stryker ( SYK). ISRG was 1% higher at $367.31.

KB Home ( KBH) has been good, but "you want to buy Lennar ( LEN)," Cramer concluded. KBH was up 1.9% to $18.10 while LEN rose 1.1% to $36.39.

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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 and FB.

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