Jim Cramer's 6 Stocks in 60 Seconds: OXY LL DMND AWAY RL MU (Update 1)

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


(Updates from 10:33 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.

Wells Fargo said Occidental Petroleum ( OXY) will unlock value soon. "This stock is going higher," agreed Cramer. OXY is a holding in Cramer's charitable portfolio, Action Alerts PLUS. OXY rose 1% to $93.58.

Lumber Liquidators ( LL) is a great growth stock, according to Cramer, with Piper Jaffray noting that it has a 10-year growth plan. LL was 2% higher at $112.96.

BB&T Capital says to buy Diamond Foods ( DMND). Cramer said he wants to hear what TheStreet's Herb Greenberg has to say about the stock first. DMND jumped 11% to $24.48.

Cramer thinks HomeAway's ( AWAY) management tells a good story about the company. Morgan Stanley doesn't think so and downgraded the stock. AWAY dropped 5.6% to $28.99.

Despite the bad quarter and poor guidance from Polo Ralph Lauren ( RL), Cramer is interested that Cowen Group is warming up to the stock. RL rose 1.6% to $165.53.

Micron Technology ( MU) continues to trade higher due to a shortage of DRAM, Cramer said. "This stock trades on supply of DRAM, and it looks like supplies are tight," he added. MU ended the day at $17.47, up 3%.

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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 OXY.

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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