Jim Cramer's 6 Stocks in 60 Seconds: CVS MU URI NWN EMC AVP (Update 1)

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

(Updates from 10:55 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.

Caremark (CVS) is a "great company" in a "great industry," Cramer said. He also likes Walgreen (WAG) and Rite Aid (RAD). CVS jumped 4.3% to $69.69.

Shares of Micron (MU) are headed lower on reports Hynix will have its DRAM plant running much sooner then expected. According to Cramer, this will equate to lower DRAM prices, thus hurting MU. MU dropped 4.8% to $21.81.

United Rentals (URI) "remains one of the great plays on non-residential construction in 2014," Cramer said. URI was 2.2% higher at $75.72.

The U.S. is flush with natural gas, something that should benefit Northwest Natural Gas (NWN), Cramer said. Unfortunately, the company keeps doing different equity deals, which has "got to stop," he said. NWN rose 1% to $42.70.

Merrill Lynch cut its estimates on EMC Corp. (EMC). Cramer added the "big growth" thesis has failed to play out and the company can't seem to "make as much money as we thought." EMC was flat at $23.61.

Merrill Lynch downgraded Avon Products (AVP) to hold from buy, based on a longer-than-expected turnaround story. Cramer said it feels like the rating agency is giving up on CEO Sheri McCoy. AVP rose 1% to close at $17.08.

If you liked this article you might like

This Is How to Avoid Becoming Amazon Roadkill

Cramer: Dominoes Are in Play Today

How Long Can This Rally Run?: Cramer's 'Mad Money' Recap (Monday 9/19/17)

Cramer: How to Avoid Being Amazon Roadkill