Jim Cramer made the following calls on August 22nd, 2013. What do you think about his picks?
LinkedIn (NYSE:LNKD): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $244.00, and its 52-week low is $94.75
Cramer touted the business model of LinkedIn last night during the lightning round, recommending the stock with enthusiasm to the caller mentioning the stock. He said it was a very well run company with a sound strategy, and that made it worth owning. LinkedIn’s revenue grew 59 percent in the second quarter of this year.
AFC Enterprises (NYSE:AFC): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $25.68, and its 52-week low is $23.42.
Cheryl Bachelder, CEO of AFC, met with Cramer last night to talk about her business, which is quickly taking the world by storm. AFC owns Popeye’s Chicken, the no. 2 chicken chain in the country. Bachelder said that her firm was buying up old KFC’s and turning them into sparkling new Popeye’s and reinvigorating dormant markets for their product in the process. She also told Cramer that the company would use its extra cash on hand to continue expanding both at home and abroad.
Hain Celestial Group (NASDAQ:HAIN): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $85.48, and its 52-week low is $23.42.
Irwin Simon, CEO of Hain, joined Cramer last night on one of ‘Cramer’s Cookouts’ to make the case for his business. Simon said his products have experienced growth, as natural and organic foods become more mainstream in the face of widespread childhood obesity. In the last 12 weeks, Simon said consumption of Hain’s products has grew 6.7 percent across the globe.
Amarin (NASDAQ:AMRN): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $14.97, and its 52-week low is $5.12.
Cramer discussed this as a particularly risky play during the lightning round, and only sanctioned Amarin for young investors. Moreover, he suggested looking for call options as the preferred play, but again, vaunted the move as incredibly dangerous. The company is still looking to expand the network of doctors who prescribe its drugs, though that has improved, and sales of existing medicines also have done well as the company looks to grow.
Interpublic Group (NYSE:IPG): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $17.43, and its 52-week low is $9.38.
Cramer told viewers to stay away from Interpublic, citing a recent jump in price as his hesitation. The company has recently announced a partnership with a variety of companies to optimize their business models, while growing its own.