Cramer: Buy Western Union, Sinclair, This Stock; Stay Out of Vornado
Jim Cramer made the following calls on August 21st, 2013. What do you think about his picks?
Western Union Co. (NYSE:WU): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on August 12, 2013. The stock’s 52-week high is $19.14, and its 52-week low is $11.93.
The Mad Money host gave a glowing review of Western Union last night, telling his audience that, “I like this company. It’s started to do a lot better. This is a good stock to own.” The shares have been on a gentle run over the last 3 months, moving up from around $16 to their present trading level of $17.85.
Sinclair Broadcast Group Inc. (NASDAQ:SBGI): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on April 26, 2013. The stock’s 52-week high is $31.99, and its 52-week low is $10.01.
Cramer recommendation of Sinclair came last night during the lightning round, and was short and succinct. ”I think it’s going well and I think it’s good,” he told viewers. Sinclair had a rough quarter, though, and despite Cramer’s recommendation, the stock lost 41 percent in the last quarter as it tried to cope with debt.
TASER International Inc. (NASDAQ:TASR): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $11.50, and its 52-week low is $5.16.
Cramer pointed to the one of the most powerful forces there is as an aid to TASER, saying that, “This stock has a lot of momentum.” The company is racking up the orders recently, with its product line of tazers and other self defense items being snatched up by a lot of police departments across thh country.
Vornado Realty Trust (NYSE:VNO): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $89.35, and its 52-week low is $72.64.
In a more aggressive suggestion by Cramer, he told viewers to avoird this stock until it pulled back, saying that, “Be worried about the yield. I think you’ll be able to buy this one lower.” Vornado’s quarterly results blew last year out of the water, with net income rising to $145.9 million from $20.5 million last year.