Cramer Recommends Krispy Kreme, Joy Global, and These 3 Stocks

Jim Cramer made the following calls on August 13th, 2013. What do you think about his picks?

Krispy Kreme Doughnuts Inc. (NYSE:KKD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 6, 2013. The stock’s 52-week high is $23.31, and its 52-week low is $6.42.

Cramer reiterated his love for Krispy Kreme last night during the lightning round, telling viewers that, “You can take out the house’s money, but I think it is a buy, and I’m not reversing my stance.” Second quarter results are due for the famous doughnut maker on August 29th.

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Joy Global (NYSE:JOY): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 18, 2013. The stock’s 52-week high is $69.19, and its 52-week low is $47.83.

Joy Global could be the beneficiary of a Chinese turnaround, according to Cramer. While a strengthening global economy should bolster companies in the mining sector, Cramer wasn’t so sure that was going to be the case last Friday.

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KeyCorp (NYSE:KEY): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 25, 2013. The stock’s 52-week high is $12.63, and its 52-week low is $7.81.

KeyCorp got Cramer’s approval during the lightning round last night. Chief financial officer Donald R Kimble bought 17,000 shares of the company recently for an average price of $12.23. However in May, the CFO, Jeffery B Weeden, sold 276,000 shares of KeyCorp stock.

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Microchip Technology Inc. (NASDAQ:MCHP): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 27, 2012. The stock’s 52-week high is $41.78, and its 52-week low is $28.92.

The Mad Money host recommended Microchip Technology to ‘Cramerica’ last night, and told them that, “I like this because it has the best yield of the group and now it has earnings momentum.” The company announced record sales of over $460 million in their most recent earnings results.

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MannKind Corp. (NASDAQ:MNKD): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on June 7, 2010. The stock’s 52-week high is $8.33, and its 52-week low is $1.82.

Cramer prefers competitor Opko (AMEX:OPK) and feels that Mannkind is too speculative. Opko posted huge gains last quarter, while MannKind’s shareholders lost $46 million.

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