Cramer: Buy Ford, Facebook, and These 2 Stocks; Sell Isis

Jim Cramer made the following calls on July 24th, 2013. What do you think about his picks?

Ford Motor Co. (NYSE:F): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 19, 2013. The stock’s 52-week high is $17.68, and its 52-week low is $8.82.

Cramer likes Ford, and has for a while. The company has been growing market share in the U.S. and in Europe, despite tough goings there, and as a whole, Cramer likes the auto industry. Based on preliminary earnings results, Ford is expected to report a profit $454 million, up from $438 million in pretax profits from a year ago. Ford is within striking distance of its 52-week high today, trading at $17.20 currently.

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Facebook, Inc. (NASDAQ:FB): 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 $32.51, and its 52-week low is $17.55.

Facebook is regaining some of its presence among investors that it lost after last year’s IPO, including with Cramer. Cramer was worried about the struggling company until this quarter’s earnings came out, and the company outperformed. The company has gained 27 percent more daily active users from the same period last year, and increased revenue by 53 percent to $1.18 billion in the second quarter. The stock is up over 20 percent today, trading at $33.38 currently.

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Kohlberg Kravis Roberts & Co. (NYSE:KKR): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on March 11, 2013. The stock’s 52-week high is $21.78, and its 52-week low is $13.35.

Kohlberg got the nod during the lightning round, when Cramer noted that the company “is well-run. They are good guys. I want to buy it.” Quarterly results for the company are due out tomorrow, and recently made a move into Indonesia’s consumer goods markets in its hunt for good returns.

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Owens Corning (NYSE:OC): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on February 19, 2013. The stock’s 52-week high is $45.55, and its 52-week low is $25.70.

Mike Thaman, chairman and chief executive officer of Owens Corning talked to Cramer last night about the state of his business, and affirmed Cramer’s love affair with the housing market. Owens sells roofing products and has been a beneficiary of a rebounding real estate industry in the U.S. While net sales were down slightly, growing margins helping push adjusted earnings to $69 million from $67 million a year ago.

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Isis Pharmaceuticals, Inc. (NASDAQ:ISIS): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on April 3, 2013. The stock’s 52-week high is $34.31, and its 52-week low is $7.56.

One of the few sell calls during the lightning round, Cramer said that, “It got ahead of itself … we did get the win, and it’s time to move on.” Cramer’s website advocates the stock as a hold, advising that, “The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins.”

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