Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
(Updates from 11:08 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.
Baird upgraded Paccar (PCAR) to buy from hold. Cramer said, "Class 8 trucks are actually improving," which directly benefits Paccar. PCAR rose 3.3% to $56.90.
Morgan Stanley upgraded Vale S.A. (VALE) to buy from hold. Cramer said the company's yield is now over 6% and iron ore pricing has held up well. However, he advised caution on the Brazilian company, due to the recent weakness in emerging markets. VALE is a holding in Cramer's charitable trust, Action Alerts PLUS. VALE was 3% higher at $14.02.
Deutsche Bank says not to worry about gross margins at Whole Foods Market (WFM). Cramer disagreed, saying this is the second analyst to tell investors not to worry about the company. In other words, investors should "worry about Whole Foods." However, he likes the stock over the long term. WFM rose 5 cents to $52.96.
Buffalo Wild Wings (BWLD) had some "not so great" news about its franchises in the latest earnings quarter. Cramer said, "The stock has been red hot," and those are the stocks getting hit right now. BWLD dropped 9.7% to $127.12.
Bernstein upped its price target on Google (GOOG) to $1,500 from $1,350. Cramer said one of his biggest worries for the company, another AAP holding, is the ongoing issues with European regulators. However, the recent settlement, which included no fines, seems like a real "blessing" from the regulators, he said. GOOG was up by $5.04 to $1,143.20.