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(Updates from 10:50 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.
FBR Capital reiterated its buy rating on Salesforce.com (CRM) and called it a top pick for 2014. Cramer said Salesforce.com is the "opposite" of International Business Machine (IBM), which is struggling to grow revenue while expanding its cloud business. CRM rose 19 cents to $61.14.
Goldman Sachs upped its price target on shares of Apple (AAPL) to $635. Cramer said the analyst has "increased confidence that the number is going to be made" when Apple reports earnings next week. AAPL is a holding in Cramer's charitable trust, Action Alerts PLUS. AAPL was up $2.44 at $551.51.
Norfolk Southern (NSC) will "switch back to coal" shipments because natural gas prices are getting too expensive, according to Cramer. NSC jumped 4.8% to $92.94.
Advanced Micro Devices (AMD) moved sharply lower after a disappointing earnings report and a "very horrible guide-down," Cramer said of the stock that has doubled in the past year. AMD dropped 12% to $3.67.
RBC Capital Markets upgraded Unilever (UN) to sector perform from underperform. Cramer agreed, saying the media made it seem like Unilever had a bad quarter, which it didn't. "I like Unilever," he said, and CEO Paul Polman is doing a great job. UN ended the day up 1.6% to $40.55.
Regarding Johnson & Johnson's (JNJ) slightly lower-than-expected full-year guidance, Wells Fargo says the company is simply trying to under-promise and over-deliver. Cramer wants to see better gross margins from JNJ but he still owns in it in the AAP portfolio. JNJ closed 29 cents higher at $94.32.
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-- Written by Bret Kenwell in Petoskey, Mich.