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(Updates from 10:51 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. Starwood Hotel & Resorts Worldwide ( HOT) reported solid earnings results. Cramer said he likes CEO Frits Van Paasschen. HOT rose 4.5% to $73.61. Deutsche Bank downgraded Panera Bread ( PNRA) to hold from buy. Cramer acknowledged the conference call was discouraging. PNRA was up 1% to $153.94. Citigroup upgraded Chesapeake Energy ( CHK) to buy from hold. Cramer agreed with the call, adding, "I think there is more value there." CHK was 4% higher at $28.37. Cramer called Medidata Solutions ( MDSO) a great American growth company and said he likes CEO Tarek Sherif. MDSO jumped 19.6% to $123.10. FBR initiated Express Scripts ( ESRX) and CVS Caremark ( CVS) as a buy. Cramer suggested CVS may be the better choice. ESRX was flat at $63.74 but CVS rose 1% to $62.07. Banco Santander SA ( SAN) reported a great quarter and is, in Cramer's words, "back and it's bigger than ever!" SAN ended the day up 1% at $9.06. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell