Jim Cramer: Buy AMD, Anadarko, and These 3 Stocks

Jim Cramer made the following calls on October 2nd, 2013. What do you think about his picks?

Advanced Micro Devices, Inc. (NYSE:AMD): 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 $4.65, and its 52-week low is $1.81. Though Cramer expressed skepticism about the sector, he was a fan of Advanced Micro Devices. Cramer said that it was still a $5 stock, and that investing with the objective of making money when the stock hits that levels would be a reasonable strategy.

AMD 20131003

Anadarko Petroleum Corporation (NYSE:APC): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 30, 2013. The stock’s 52-week high is $96.75, and its 52-week low is $65.82. Cramer reiterated his buy rating on Anadarko, a company that he had previously highlighted for its exploration of the Niobrara shale in Colorado. Being generally bullish about the energy sector, Cramer included Anadarko in a list of his top picks in the area at this moment.

APC 20131003

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN): 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 $80.67, and its 52-week low is $36.28. It did not take Cramer long to recommend BioMarin for the second time in the past month. Later on in the show, Cramer noted that many submitted portfolios lack a stock in the pharmaceutical sector, a problem that BioMarin would be the perfect solution to.

BMRN 20131003

Continental Resources Inc. (NYSE:CLR): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 22, 2013. The stock’s 52-week high is $113.00, and its 52-week low is $66.07. Cramer was bullish on Continental Resources, a stock that he thinks has the potential to be one of the stronger plays in the energy sector right now. The stock has been on the upswing this mid-April of this year.

CLR 20131003

Enbridge Inc. (NYSE:ENB): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on April 25, 2013. The stock’s 52-week high is $48.41, and its 52-week low is $37.67. Cramer talked with Al Monaco, the president and CEO of pipeline operator Enbridge. Monaco thought that the country had a healthy future in oil operations, which will inevitably include transportation. He also noted that, because pipeline fees are immediately independent of oil prices, investing in transportation companies, rather than drilling ones, can be a safer play to invest in the market without exposing oneself to an excessive amount of risk. Cramer echoed the sentiment, giving his seal of approval to the company.

ENB 20131003

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