Cramer's 6 Stocks in 60 Seconds: SNV TXN UL CREE MAPP KBH (Update 1)
(Updates from 10:29 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:
Cramer believes a number of investors don't like Synovus Financial (SNV) , but they're wrong and this bank will go higher. That compares to Texas Instruments (TXN) , which told investors things weren't so bad, then guided below Street estimates. Investors continued to disagree, sending SNV down 4.1% Wednesday. TXN was off 1.1%.
Cramer was upbeat on Unilever (UL) because that company is a great consumer packaged-goods play, and Cree (CREE) , a company that is finally delivering new energy-efficient LED light bulbs. UL was up 2.6% but CREE jumped 22.1%.
Rounding out the group, Cramer urged investors to use caution with Map Pharmaceuticals (MAPP) , saying that Allergan (AGN) is plotting to own the migraine market. He also says be careful about KB Homes (KBH) because there's a secondary offering coming soon for the stock.Investors ignored the caution, pushing MAP up 58.6% Wednesday. KBH ended the day 8.9% higher.
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-- Written by Scott Rutt in Washington.
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