Jim Cramer made the following calls on September 25th, 2013. What do you think about his picks?
Alcatel Lucent (NYSE:ALU): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 9, 2013. The stock’s 52-week high is $3.62, and its 52-week low is $0.91. Cramer reiterated his buy ranking on Alcatel Lucent, claiming to see a lot of potential upside to the company. Rumors have reemerged about a potential deal between Alcatel Lucent and Nokia (NYSE:NOK), which would unite the forces of two of the larger players in the telecom sector in Europe.
Baxter International Inc. (NYSE:BAX): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on May 17, 2013. The stock’s 52-week high is $74.60, and its 52-week low is $59.61. Cramer expressed optimism about Baxter International, citing hidden value in the company as a reason to find the stock attractive. After a sell off in the stock earlier this week, there is certainly room for Baxter to rebound, given how close it is to its 4 month lows.
The Bank of New York Mellon Corporation (NYSE:BK): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $32.36, and its 52-week low is $22.42. Cramer stated that he could not recommend the company, which has made steady upward progress for most of this year. The company recently announced its Collateral Universe program, which is designed to help companies adapt to new regulations that are being introduced by government worldwide as a preventative step toward future financial crises.
Peabody Energy Corp. (NYSE:BTU): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on September 3, 2013. The stock’s 52-week high is $29.84, and its 52-week low is $14.34. Cramer was bearish about Peabody, noting that, in his opinion, coal has had its time to shine, but that its time was in the past, not today. The company has been engaged in talks with unionized workers over health care coverage, among other topics, which had led to protests outside of the company’s headquarters in St. Louis.