Jim Cramer made the following calls on August 20th, 2013. What do you think about his picks?
MGM Resorts International (NYSE:MGM): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on May 30, 2013. The stock’s 52-week high is $17.67, and its 52-week low is $9.15.
MGM has been renting out rooms for cheap in order to pay off debts. At least that’s the story according to rival Las Vegas Sands (NYSE:LVS), and Cramer doesn’t seem to buy it. According to the Mad Money host, the company has worked hard to trim its balance sheet and could very well be profitable next year.
Vodafone Group plc (NASDAQ:VOD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on April 16, 2012. The stock’s 52-week high is $31.02, and its 52-week low is $24.42.
Cramer’s message on Vodafone was simple: “I want you to buy this stock. This is the kind I like.” In addition to aggressive overseas plays, Vodafone was recently chosen by HybridPayTech as the connector to facilitate financial transactions on its machine-to-machine platform.
Renren Inc (NYSE:RENN): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on March 2, 2012. The stock’s 52-week high is $4.63, and its 52-week low is $2.52.
Cramer didn’t have a whole lot to say about Renren during the lightning round, telling viewers that, “That’s a Chinese stock and they’re all killing people right now.” Their most recent earnings call saw decent, albeit unexciting results. According to CEO Joseph Chen, “Our second quarter revenues of $49.6 million came in the range of our adjusted guidance, as we pronounced earlier. [Second quarter] revenues came in lower than we originally anticipated mostly due to delays in our gaming pipeline for Android. We faced a short-term challenge in our monetization efforts that may be felt for the remainder of the year.”
Boston Beer Co. Inc. (NYSE:SAM): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on July 31, 2013. The stock’s 52-week high is $216.38, and its 52-week low is $98.36.
Cramer likes beer quite a bit, or at least their stocks anyways. With a 3.8 percent rise in beer shipments this quarter, Cramer was feeling bullish on the sector, but told viewers that Boston Beer was one place to grab profits from and move on, as the company’s valuation is compelling Cramer to look elsewhere for returns.
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