Cramer Says Yes to Nike, Starbucks; No Go on SeaDrill, Pengrowth

Jim Cramer made the following calls on July 30th, 2013. What do you think about his picks?

Nike Inc. (NYSE:NKE): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on June 13, 2013. The stock’s 52-week high is $66.07, and its 52-week low is $44.83.

Nike and competitor Under Armor (NYSE:UA) both got recommended by Cramer last night, though for different audiences. Cramer noted that Under Armor will take time to develop its business model as extensively as Nike has, and therefore is probably more suitable for younger investors, while Nike’s established brand is more fit for older market goers.

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Starbucks Corp. (NASDAQ:SBUX): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 29, 2013. The stock’s 52-week high is $73.52, and its 52-week low is $43.04.

Starbucks’ earnings were much better than expected, and Cramer has been on the band wagon ever since, especially with the companies improving profit margins. Cramer also explained how Starbucks is able to take a commodity and turn it into something proprietary, something which he feels puts them ahead of competitors.

sbux

Pengrowth Energy Trust (NYSE:PGH): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on July 1, 2013. The stock’s 52-week high is $7.49, and its 52-week low is $3.82.

This stock did not receive any love from Cramer last night, as the Mad Money host told ‘Cramerica’ that, “I’m going to stay away from this one.” The company’s earnings are scheduled for August 1st, and recently Pengrowth agreed to sell properties it owns in Canada to  a smaller oil and gas company outfit.

pgh

SeaDrill Limited (NYSE:SDRL): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on April 4, 2013. The stock’s 52-week high is $43.53, and its 52-week low is $34.57.

SeaDrill was shunned during the lightning round for Schlumberger (NYSE:SLB) last night, a perennial oil favorite of Cramer. Short interest in SeaDrill is up 28 percent since June, while Schlumberger posted solid earnings and is trading over $80.

sdrl

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