Jim Cramer: Buy Starbucks, Sell Micron, and 3 More Stock Picks

Jim Cramer made the following calls on October 22nd, 2013. What do you think about his picks?

Starbucks Corp. (NASDAQ:SBUX): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 13, 2013. The stock’s 52-week high is $75.91, and its 52-week low is $44.27. Cramer included Starbucks in a discussion of names that were set to perform well as gas prices continue to fall and the holiday season draws ever nearer. He saw no reason for the upward trend that the stock has been taking this year to falter before the year’s end.

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Micron Technology Inc. (NASDAQ:MU): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on September 23, 2013. The stock’s 52-week high is $16.85, and its 52-week low is $5.16. Cramer was cautious about Micron, saying that he is seeing a lot of people getting rid of the stock to take profits on the name. He advised trimming positions in the stock in order to collect some profits now, while maintaining a stake in the company.

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Laredo Petroleum Holdings (NYSE:LPI): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on January 15, 2013. The stock’s 52-week high is $27.96, and its 52-week low is $15.78. Cramer advised trimming positions of Laredo Petroleum, warning that the markets may be on the verge of compensating for days of gains in the wake of the end of the government shutdown. He did recommend holding on to some amount of Laredo, a stock that has risen steadily so far this year.

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Pioneer Natural Resources Co. (NYSE:PXD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 17, 2013. The stock’s 52-week high is $190.15, and its 52-week low is $95.94. Cramer reiterated his buy ranking on Pioneer Natural Resources, an oil exploration company that has been one of Cramer’s perennial favorites. He said that, while the stock did take a breather yesterday, it was almost to be expected, and that it paves the way for the company to make up the ground in the coming days.

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Kimberly-Clark Corporation (NYSE:KMB): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on April 23, 2013. The stock’s 52-week high is $106.54, and its 52-week low is $82.15. Cramer was a fan of Kimberly-Clark, saying that it was the type of consumer staple stock that he would own. The reason is that the company pays out a substantial dividend, meaning that owning the stock has benefits aside from seeing the share price rise.

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