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Cramer's 6 Stocks in 60 Seconds: NOK SAN ED CAG WYNN SBUX (Update 1)

Tickers in this article: BBVA CAG ED MSFT NOK SAN SBUX WYNN
Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

(Updates from 10:35 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.

Morgan Stanley and RBC like Nokia more than ever, Cramer said, who added that Nokia got the better end of the deal with Microsoft . NOK jumped 5.1% to $5.95.

J.P. Morgan upgraded Banco Santander S.A. to hold from sell. Cramer said the bank will rebound, but prefers Banco Bilbao Vizcaya Argentina S.A. . SAN rose 1.3% to $7.65.

Jefferies lowered its expectations for Consolidated Edison . Cramer said the name is not a yield play, but will eventually get interesting again. ED fell 1.6% to $55.

Goldman Sachs said don't give up on ConAgra Foods and its CEO, Gary Rodkin. Cramer agreed, although he said the stock has been horrendous of late. CAG was 1.1% higher to $31.89.

Deutsche Bank said Wynn Resorts will do well. Cramer agreed, adding that it's a play on China and the stock is breaking out. WYNN rose 1.1% to $150.87.

Cramer said Starbucks could be very well positioned for a rebound in Europe -- which McDonald's suggested was now the case -- since CEO Howard Schultz promised to address the company's efforts in the region last year. SBUX ended the day up 1.6% at $75.39.

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-- Written by Bret Kenwell in Petoskey, Mich.