Jim Cramer: Buy AIG, Autozone, and These 2 Stocks

Jim Cramer made the following calls on October 8. What do you think about his picks?

American International Group Inc. (NYSE:AIG): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on April 26. The stock’s 52-week high is $50.99, and its 52-week low is $30.64. Cramer expressed optimism about AIG, saying that it had potential for growth and that share values may reach as high as $60. However, he did warn that the stock may dip before it goes higher.

AIG-20131009

AutoZone Inc. (NYSE:AZO): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 14, 2012. The stock’s 52-week high is $452.19, and its 52-week low is $341.98. Cramer pointed to AutoZone as a good stock to own if one expects that the markets may continue to be hurt by the lack of a resolution to the budget debate in Washington. Cramer highlighted Autozone’s extensive share buyback program to show that the company is not only committed to improvement but also could attempt to take advantage of the temporary weakness to institute another buyback program.

AZO-20131009

CBS Corp. (NYSE:CBS): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 26. The stock’s 52-week high is $57.47, and its 52-week low is $31.84. Cramer included CBS in his discussion of stocks that could be good picks even with the ongoing turmoil in Washington over the budget dispute. Cramer said that he likes stocks that are more long-term oriented and ones that may engage in a buyback if the price falls, both of which he said are criteria that CBS fulfills.

CBS-20131009

DryShips Inc. (NASDAQ:DRYS): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on January 12, 2012. The stock’s 52-week high is $4, and its 52-week low is $1.46. Cramer gave his seal of approval to DryShips, a stock that has taken off during the month of September and continued to post tremendous gains in October, as well. Though Cramer did mention that the stock remained a little risky, he ultimately concluded that it is a winner.

DRYS-20131009

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