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(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.