Jim Cramer made the following calls on July 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 June 21, 2013. The stock’s 52-week high is $5.98, and its 52-week low is $1.81.
AMD got some love from Cramer last night, mainly due to its cheap share price, currently at $4.09. According to him, “This stock is inexpensive and I think you can buy it.” In what is good news for AMD, chip sales have sold grown at their fastest rate in years, despite weakness in the PC market at large.
Groupon Inc (NASDAQ:GRPN): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on March 11, 2013. The stock’s 52-week high is $14.93, and its 52-week low is $2.60.
Groupon, like BlackBerry, has been taking a beating recently, but Cramer found room for optimism. The Mad Money host has historically, according to himself, been very down on Groupon, which he claims has done nothing but disappoint markets since its IPO. However, he feels since the change of leadership, with the stock price still reasonable, now is the time to buy.
Cerner Corp. (NASDAQ:CERN): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 22, 2012. The stock’s 52-week high is $50, and its 52-week low is $33.82.
Cerner came up during the lightning round as a buy, with its current share price creeping back up towards its 52 week high, trading at $48 currently. The company recently announced a deal with MedAssets (NASDAQ:MDAS) where, according to BusinessWire, “Knowledge components of MedAssets Claims Management solution will be embedded within the Cerner® Patient Accounting solution to give Cerner clients significantly enhanced claims processing workflow capabilities, operational efficiencies and optimized payments.”
Cummins Inc. (NYSE:CMI): 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 $122.54, and its 52-week low is $82.20.
Cummins also received favorable portents during the lightning round last night. Over on Cramer’s site the optimism for the stock is explained: “The company’s strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and notable return on equity.”
Research in Motion Limited (NASDAQ:BBRY): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $18.32, and its 52-week low is $6.22.
Cramer is especially down on Blackberry, not unsurprising given the spectacular state of its failure recently. According to the Mad Money host, there is little hope for the company outside of a split or sale, despite having a new CEO. BlackBerry shares have plummeted from near $15 to $9 in the last five days after weak sales from their new Q10 phone has propelled negative sentiment about the company’s stock.