Cramer's 6 Stocks in 60 Seconds: SWY MLNX BMY GOL BPL CAG (Update 1)
(Updates from 10:40 a.m. ET with closing information.)
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk On The Street" Thursday:
A recent downgrade of Safeway (SWY) is well behind the curve as that stock has already rallied big time, Cramer said. He was bearish on Mellanox (MLNX) , telling investors to "stay away." SWY ended Thursday down 2.7% while MLNX was off 1.3%.
However, Cramer was bullish on Bristol-Myers Squibb (BMY) , a stock he owns in his Action Alerts PLUS charitable trust, saying the stock will go much higher. He also recommended Gol Linhas (GOL) , the Brazilian airline, suggesting that stock goes from $7 to $14 a share. BMY was up 2.6% while GOL flew 3.8% higher.
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Cramer was upbeat on Buckeye Partners (BPL) and ConAgra (CAG) , saying he likes both companies. BPL was down 4.2% Thursday while CAG ended the day up 1.8%.
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-- Written by Scott Rutt in Washington.
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