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" Wednesday.
Raymond James upgraded VMware (VMW) to strong buy from buy and Cramer said everyone loves the stock. He added, "If it does go down, it will bounce back." VMW fell 3.4% to $91.72.
Credit Suisse raised its price target on Medivation (MDVN) to $95 from $80. Cramer said its prostate cancer drug "has some really good results" and that investors will get more information on the drug from the company on Thursday. MDVN jumped 11.2% to $84.29.
WellPoint (WLP) is now higher, after dropping on Tuesday ahead of its fourth-quarter earnings results. "These stocks are very hard to trade," Cramer said, but this one had an impressive bounce back after it looked liked it disappointed. WLP was 1.3% higher to close at $85.37.
Keefe Bruyette & Woods downgraded D.R. Horton (DHI) to hold from buy. Every time the homebuilders go up a couple bucks, "someone has to downgrade them," Cramer said. DHI rose 11 cents to $23.11.
Goldman Sachs downgraded Teradata (TDC) to sell from hold. Cramer said he found it "interesting this isn't down more," but acknowledged that it is one of the worst-performing stocks in the S&P 500 over the past year. TDC fell 4.2% to $42.07.
To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here.
-- Written by Bret Kenwell in Petoskey, Mich.