Jim Cramer made the following calls on October 29th, 2013. What do you think about his picks?
Apple Inc. (NASDAQ:AAPL): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 28, 2013. The stock’s 52-week high is $705.07, and its 52-week low is $385.10. Cramer still holds that there is no reason not to like Apple. Between the company’s recent earning beat, its improved guidance for the fourth quarter including the holiday season, and its ability to keep coming up with new and exciting products, Cramer said that he remains a fan of the name that he has been recommending for several years. He added that the stock is currently trading at just 8.5 times its earnings, making it still a great deal despite the seemingly hefty price tag.
Amazon.com Inc. (NASDAQ:AMZN): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 25, 2013. The stock’s 52-week high is $313.62, and its 52-week low is $218.18. Cramer was optimistic about Amazon, a company whose performance he tracked since he made a firm recommendation to buy into the company back in 2010. He said that Amazon was one of few companies that hasn’t actually slowed down or dipped, putting together a string of strong quarters that has kept the stock price continually on the rise.
Applied Materials Inc. (NASDAQ:AMAT): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on September 18, 2013. The stock’s 52-week high is $16.78, and its 52-week low is $9.95. Cramer said that he was not a fan of Applied Materials, preferring to sell the stock and eliminate positions in the company. Cramer noted that the company’s acquisition might not go through, making the risk that accompanies the name to great for him to want to be an investor in Applied Materials at this point in time.
Boeing Co. (NYSE:BA): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 23, 2013. The stock’s 52-week high is $111.33, and its 52-week low is $69.03. Cramer included his perennial favorite, Boeing, in a list of companies that have put together remarkable success stories this year. For Boeing, the story was basically just the performance of the stock itself, which is up over 70 percent so far in 2013.
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