Jim Cramer: Buy Allegheny, Core Labs, Cisco, and These 2 Stocks

Jim Cramer made the following calls on October 16th, 2013. What do you think about his picks?

Allegheny Technologies Inc. (NYSE:ATI): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on January 24, 2013. The stock’s 52-week high is $34.18, and its 52-week low is $25.35. Cramer was a fan of Allegheny Technologies, a company that has taken some losses and made some cuts in line with its corporate strategy. Cramer said that Allegheny is doing what shareholders want, and is making changes to improve its operations, both of which are good signs moving forward for the firm.

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Core Laboratories NV (NYSE:CLB): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 24, 2013. The stock’s 52-week high is $178.18, and its 52-week low is $94.72. Cramer sat down with David Demshur, the president and CEO of Core Labs, to discuss the company’s outlook moving forward into the end of this year. Demshur said that never has technology been able to produce such high yields of energy resources, pointing to recent advances in hydraulic fracturing that have allowed unprecedented access to oil shale formations. Cramer gave his seal of approval to the stock, claiming that Core Labs was one of the strongest companies to merge science with business.

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Cisco Systems, Inc. (NASDAQ:CSCO): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 17, 2013. The stock’s 52-week high is $26.49, and its 52-week low is $16.68. Cramer said that fears about Cisco were overblown, and that he thought that the stock was bound to make a recovery. Pointing to the government deal, Cramer said that Cisco will rebound once government demand comes back in full force, and noted that he had been buying the stock for his charitable trust at $23 per share.

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Opko Health Inc (NYSE:OPK): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 6, 2013. The stock’s 52-week high is $12.95, and its 52-week low is $4.20. Cramer was optimistic about Opko Health, praising the company’s CEO, Philip Frost. Cramer said that Frost had done excellent work, and that having faith in his guidance has allowed shareholders to realize gains as the stock price has notched above $12.

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Pioneer Natural Resources Co. (NYSE:PXD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 10, 2013. The stock’s 52-week high is $214.48, and its 52-week low is $99.75. Cramer was not slow to reiterate his recommendation on Pioneer Natural Resources. The company has been trading up lately in a flurry of analyst upgrades.

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