Cramer's 6 Stocks in 60 Seconds: YHOO BNNY COTY HLF BHI NDLS (Update 1)

Tickers in this article: BHI BNNY CMG COTY HLF NDLS YHOO
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(Updates from 10:53 a.m. ET with closing information.)

NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Tuesday.

Needham downgraded Yahoo! to hold from buy. Cramer wasn't surprised after hedge fund manager Dan Loeb said Monday he'd be selling most of his stock and leaving the board. YHOO closed 1.8% lower at $27.36.

JPMorgan downgraded Annie's to hold from buy. Cramer agreed, saying the stock has become too expensive. BNNY was off 3.8% at $42.70.

Coty didn't have a good initial public offering and isn't expensive, Cramer said, but the company needs to have a solid earnings report. COTY rose nearly 1% at $17.06.

Cramer warned Herbalife continues to be very controversial. With Bill Ackman's short position, Cramer said, Carl Icahn and other fund managers are pushing for a short squeeze higher. HLF fell nearly 1% at $59.11.

Cramer said oilwell services companies have been unstoppable this year, and that puts Baker Hughes in a good position. BHI rose nearly 1% at $47.75.

UBS initiated Noodles & Co. with a neutral rating and a $46 price target. Cramer said that after this one went public it turned out to be a little expensive. He said investors should keep an eye on Chipotle Mexican Grill's ShopHouse Asian Kitchen. NDLS jumped 5% to $44.22.

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-- Written by Bret Kenwell in Petoskey, Mich.