Cramer: Buy Sprint, Snap-on, and These 3 Stocks

Jim Cramer made the following calls on July 23rd, 2013. What do you think about his picks?

Sprint Nextel Corp. (NYSE:S): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 18, 2013. The stock’s 52-week high is $7.14, and its 52-week low is $5.61.

Tuesday’s show saw Jim Cramer present his research on Sprint to his viewers, and he liked what he had learned. Telling ‘Cramerica’ to buy, he pointed to the completion of deals with Clearwire and SoftBank¬†(SFTBY), and noted that their 4G LTE spectrum was larger than all the competitors, while adding that it would take time to roll this out to capacity. These factors combined give the company room to grow 30-40 percent, according to Cramer.

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Snap-on Inc. (NYSE:SNA): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on April 18, 2013. The stock’s 52-week high is $96.50, and its 52-week low is $64.75.

Nick Pinchuk, chief executive of Snap-n,¬† stopped in to Mad Money last night to discuss the state of his business with Cramer, after beating estimates on the street by 7 cents per share. Pinchuk was another CEO telling Cramer that Europe is stabilizing, a trend which has seen Mad Money’s host become bullish on the continent for the long haul. Margins have grown for the toolmaker, allowing them to eek out gains in Europe despite having relatively stale sales. Pinchuck also pointed to aging cars as a trend that is good for his business.

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Union Pacific Corporation (NYSE:UNP): 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 $165.18, and its 52-week low is $116.03.

Cramer encouraged buying Union Pacific in mentioning a bundle of financials he liked that did well in the quarter. Highlights from the quarterly results include a 5 percent revenue from this time last year, as well as a 13 percent increase in earnings per share.

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United Technologies Corp. (NYSE:UTX): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 26, 2013. The stock’s 52-week high is $105.66, and its 52-week low is $71.90.

Cramer recommended United Technology after considering the competition the company faces, which is not much. Cramer said the company is able to push its prices higher due to limited players in the aerospace market. After its second quarter results the company is now trading right around its 52-week high, over $105 per share. Earnings per share are now up from $5.85 to $6.15, around 15 percent.

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Wells Fargo & Company (NYSE:WFC): 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 $44.79, and its 52-week low is $31.25.

Cramer continues to pound away at recommending Wells Fargo, a financial stock his charitable trust owns. As Congress considers the merits of allowing banks to engage in the commodities trading business, Wells Fargo could be advantaged, as three of its competitors are eagerly awaiting the future of their commodities divisions; the largest among financial institutions. JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS) could all be hurt if Congress decides to axe this aspect of their business.

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