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(Updates from 10:40 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.
Morgan Stanley says Monster Beverage (MNST) is undervalued. Cramer said investors should use caution. MNSTG closed down 1.5% at $66.78.
Goldman Sachs upgraded Xilinx (XLNX) to buy from neutral. Cramer, whose charitable trust Action Alerts PLUS holds the stock, said that "finally the Chinese orders are coming through" and "Moshe Gavrielov is an excellent CEO." XLNX rose 5 cents to $45.97.
"If you like value, this is value," Cramer said of Ascena Retail Group (ASNA). He added that David Jaffe, the CEO and president of ASNA, is smart. ASNA was up 4.2% at $22.04.
Jefferies says to buy ANN (ANN) and Cramer agrees. He liked ANN's last quarterly earnings. ANN rose 4.8% to $38.31.
Duke Energy (DUK) is at the "forefront of exporting natural gas," Cramer said. He really loves the company, saying it's "one of my favorite utilities, forever." He added that DUK is "very well run" and "very shareholder-friendly." DUK closed 1.3% lower at $68.14.
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-- Written by Bret Kenwell in Petoskey, Mich.