Jim Cramer made the following calls on October 17th, 2013. What do you think about his picks?
MB Financial Inc. (NASDAQ:MBFI): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $29.89, and its 52-week low is $17.00. Cramer responded to a viewer query about MB Financial by saying that he did not think that it was the best stock to pick in its sector. This is despite that fact that the stock is trading near its 52-week high at the moment, having risen steadily over the course of the past year.
Nuance Communications, Inc. (NASDAQ:NUAN): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on March 26, 2013. The stock’s 52-week high is $24.85, and its 52-week low is $17.37. Cramer did not have good things to say about Nuance Communications, a stock that is trading near is 52-week low. The company recently announced a program with Mercedes-Benz by which drivers can have news articles read to them, and it also picked up two additional members on its board of directors earlier this month.
PPG Industries Inc. (NYSE:PPG): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 20, 2013. The stock’s 52-week high is $174.74, and its 52-week low is $107.43. Cramer was a fan of the manufacturer of various paints and glasses, which recently released an earnings report that gave shareholders of the company a reason to celebrate. He said that PPG Industries has surprised analysts by consistently putting up growth across the world, including in Europe, where manufacturing has been in a slump.
Pioneer Natural Resources Co. (NYSE:PXD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 16, 2013. The stock’s 52-week high is $219.47, and its 52-week low is $99.75. Cramer was not long to reiterate his recommendation on Pioneer Natural Resources, a company that he cited as a prime example of an undervalued firm earlier this year. He said that gaining access to new reserves in the Permian Basin has proven that the company will be around for a long time to come, and he said that a stock price of $300 in the reasonably near future would not be out of the question.
Don’t Miss: Will the Market Recovery Last?