Jim Cramer: Buy Dominion Resources, Consolidated Edison, and These 2 Stocks

Jim Cramer made the following calls on October 7, 2013. What do you think about his picks?

Dominion Resources, Inc. (NYSE:D): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 3, 2013. The stock’s 52-week high is $64.04, and its 52-week low is $48.94. Cramer pointed to the high yield on Dominion Resources as just one more reason to recommend the energy company, which he has already reacted favorably to earlier this month. Cramer believes that Dominion is a fine pick in order to make a portfolio less sensitive to the goings-on in Washington, which have cast a shadow over the markets of late.

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Consolidated Edison Inc. (NYSE:ED): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 7, 2013. The stock’s 52-week high is $64.03, and its 52-week low is $53.63. Similarly, Cramer recommended Consolidated Edison, a stock he believes that many portfolios could benefit from owning at the current point in time.

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Flowserve Corp. (NYSE:FLS): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on September 21, 2011. The stock’s 52-week high is $63.70, and its 52-week low is $42.43. Cramer was a fan of Flowserve, a manufacturer of products such as pumps, valves, and seals. Cramer said that he liked the area that the company was in, because it naturally let the company have a more diversified interest across ventures by providing the type of products that it does.

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GameStop Corp. (NYSE:GME): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 27, 2013. The stock’s 52-week high is $56.08, and its 52-week low is $21.41. Cramer sat down with Paul Raines, the CEO of GameStop, who said that his company his is poised to achieve an excellent fourth quarter due to the planned releases of new gaming consoles and the holiday shopping season. Cramer reaffirmed that the video game business is usually very cyclical, chiming in to say that he thought that now was the time to buy.

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