Tuesday, October 29, 2013

Jim Cramer's 6 Stocks in 60 Seconds: BP SBUX CL HLF TEVA LINE (Update 1)

Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

(Updates from 10:34 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.

BP PLC (BP) boosted its dividend and buyback program, adding to what Cramer thinks is a "terrific" story. BP jumped 5% to $45.90.

Piper Jaffray upgraded Starbucks (SBUX) ahead of its earnings report, which Cramer called an aggressive move. SBUX rose 1.2% to close at $79.62. Colgate-Palmolive (CL) reported a great quarter, according to Cramer, who predicts "Colgate will go higher." CL was up 1.8% at $65.94. Cramer said Herbalife (HLF) had a great conference call and investors should recognize the company is doing very well in America and China. HLF was unchanged at $67.93. Teva Pharmaceuticals (TEVA) is "such an amazing disappointment," Cramer advised investors to take profits. TEVA was flat at $41.02. Cramer admitted that Linn Energy (LINE) has been a terrible stock for his charitable portfolio, Action Alerts PLUS, to own, but the company's core assets seem to be doing well. LINE ended the day 5.5% higher at $27.85. 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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