Jim Cramer: Buy Pandora, Kinder Morgan, Kodiak Oil, and These 2 Stocks

Jim Cramer made the following calls on September 6th, 2013. What do you think about his picks?

Pandora Media Inc (NYSE:P): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on December 21, 2012. The stock’s 52-week high is $21.98, and its 52-week low is $7.08. Pandora faces increasing competition from services such as XboxMusic and Spotify, who announced that they are seeking funding for a valuation that places them ahead of Pandora. However, profit margins for Spotify, the Pandora competitor, remain in the red due to licensing costs.

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Kinder Morgan Energy Partners LP (NYSE:KMP): 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 $92.99, and its 52-week low is $74.76. Last week, Hedgeye’s Kevin Kaiser attacked the fundamentals of Kinder Morgan, advocating shorting the stock and sending the stock’s value plummeting. In response, Richard Kinder, the CEO of the company, bought nearly $18 million worth of the stock, leading some to question whether he would be willing to invest so much money into what has been labelled an empty company. Kaiser’s full report is expected to be released tomorrow.

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Kodiak Oil (NYSE:KOG): 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 $9.97, and its 52-week low is $6.92. This comes after a flurry of options trading on the company occurred last week, and it was also the subject of an Insider Monkey post claiming that hedge funds were foregoing the stock. Still, it has been a consistent performer over the past few months.

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Louisiana-Pacific Corp. (NYSE:LPX): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $22.55, and its 52-week low is $12.19. Last Thursday, Louisiana-Pacific agreed to acquire Canadian lumber company Ainsworth in a deal worth over $1 billion, valuing the shares purchased at a 30 percent premium over their market value. This caused Louisiana-Pacific’s stock to boom over 13 percent.

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Opko Health Inc (NYSE:OPK): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on August 13, 2013. The stock’s 52-week high is $10.00, and its 52-week low is $4.05. The pharmaceutical and diagnostics company acquired Prolor Biotech near the end of August, causing its price to spike to over $9. However, the stock has since stabilized to its levels prior to the acquisition.

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