Cramer Says Buy Cabela’s, American Electric Power; Stay out of DR Horton and AES

Jim Cramer made the following calls on July 29th, 2013. What do you think about his picks?

Cabela’s Inc. (NYSE:CAB): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on March 8, 2013. The stock’s 52-week high is $72.54, and its 52-week low is $38.44.

Cramer liked Cabela’s over Smith and Wesson (NASDAQ:SWHC) saying that if he wanted exposure to guns, Cabela’s was the stock he would buy. Cabela’s posted strong earnings recently growing retail revenue as well as net revenue both by more than 20 percent.