Jim Cramer's 6 Stocks in 60 Seconds: CRM LNCO SNDK KEY VLO DKS (Update 1)

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

(Updates from 10:57 a.m. ET with closing information.)

NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Friday.

Deutsche Bank downgraded Salesforce.com (CRM) to hold from buy. Cramer said the stock is a "good barometer" for whether the market will bounce back quickly or continue to struggle. He added that CEO Marc Benioff is doing quite well. CRM fell 1.7% to $60.08.

R.W. Baird upgraded LinnCo (LNCO) to buy from hold. Cramer likes the "big acquisition" of Berry Petroleum by LinnCo and Linn Energy (LINE), a holding in Cramer's Action Alerts PLUS charitable trust. LNCO was up nearly 1% to $32.87.

SanDisk (SNDK) has done a lot of good things in flash but not enough to please investors, Cramer said. He added that "nothing is enough right now." SNDK fell 17 cents to $72.02.

KeyCorp (KEY), another AAP holding, is lower after reporting fourth-quarter earnings. Cramer said he was "stunned" the stock was down considering "it had the best growth of any regional"  bank. KEY fell 3.3% to $13.68.

Valero Energy (VLO) moved higher on an earnings pre-announcement higher than what analysts expected. Cramer said the delay of the Keystone pipeline has left a "glut" of supply in the U.S., which is good for the refiners. VLO rose nearly 1% to $51.25.

Morgan Stanley downgraded Dick's Sporting Goods (DKS) to hold from buy. Even though DKS is considered a "charmed retailer, no one wants to be affiliated with retail," Cramer said. DKS fell nearly 1% to $53.40.

If you liked this article you might like

Adobe Is a Horse -- Jim Cramer Explains Why

Microsoft Has Been Reborn Under CEO Satya Nadella

How to Make Money on Booming Cloud Services Demand

Jim Cramer Reveals One Stock to Play the Cloud Space

Oracle Stock Falls on Disappointing Cloud Guidance