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NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Friday.
J.P. Morgan said to be careful with Teva Pharmaceutical (TEVA) due to its high valuation when it loses its drug, Copaxone. "One day everyone will give up on Teva and therefore it will stop going down," Cramer said, adding it is an expensive stock. TEVA fell 1.4% to $38.34.
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Credit Suisse upgraded Safeway (SWY) to buy from sell. Don't sell the stock, Cramer urged, adding something big could be coming. SWY jumped 6.1% to $28.20. Credit Suisse downgraded Under Armour (UA) to hold from buy. Cramer completely disagreed with the call, saying to buy the stock. UA fell 2.6% to $78.50. Guggenheim likes Occidental Petroleum (OXY) because of the potential value creation from a spinoff. Cramer said the firm has also been right about ConocoPhillips (COP). OXY fell 1.7% to $89.49. Keybanc upgraded Wendy's (WEN). Cramer said the new bacon cheeseburger on a pretzel bun has been selling well. WEN was unchanged at $8.58. Stratasys (SSYS) is selling 4.95 million shares at $93 in a secondary offering and Cramer said that it makes sense for the company to do it now and everyone makes money. SSYS dropped 5.6% to $92.32. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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