Cramer Is Feeling Domino’s, Baker Hughes, and These 2 Stocks
Jim Cramer made the following calls on July 23rd, 2013. What do you think about his picks?
Domino’s Pizza, Inc. (NYSE:DPZ): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on May 1, 2013. The stock’s 52-week high is $64.45, and its 52-week low is $33.15.
Chief Executive Officer Patrick Doyle appeared on Mad Money last night, giving Cramer some perspective on his business. While Domino’s beat the street by 1 cent per share, the company took a beating in share price, dropping 6.5 percent. He warned of macroeconomic conditions including credit availability to help the Mad Money host understand the business’s position. The pizza giant’s quarterly results show a same store increase in sales of 6.7 percent domestically, while showing a nearly 6 percent growth in same store international sales.
Baker Hughes Incorporated (NYSE:BHI): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 23, 2012. The stock’s 52-week high is $50.97, and its 52-week low is $39.44.
Baker Hughes was another lightning round call, and Cramer told viewers that, “”I like Baker Hughes and Halliburton (NYSE:HAL). That group is going higher.” Revenue ticked up a bit in the second quarter to $5.49 billion, up 5% compared to $5.23 billion for the first quarter of 2013. According to Martin Craighead, Baker Hughes’ Chairman and Chief Executive Officer, “Our second quarter results reflect mixed performance across our international operating segments. Activity levels continued to rise across the Eastern Hemisphere based on strong demand in deepwater markets, particularly in Europe and Africa, as well as seasonal improvements in Russia.”
CSX Corp. (NYSE:CSX): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on April 30, 2013. The stock’s 52-week high is $26.36, and its 52-week low is $18.88.
Cramer liked CSX’s second quarter results and told his audience to buy. earnings were $0.52 cents per share, up from $0.49 per share during the same period last year. That number represents net earnings of $535 million and Michael J. Ward, chairman, president and chief executive officer, said in the conference call that, “We remain sharply focused on creating strong, sustained value for customers and shareholders, as the economy appears to be slowly gaining strength.”
Alere Inc. (NYSE:ALR): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $29.57, and its 52-week low is $17.13.
Cramer told viewers on Tuesday to take Alere to the bank, saying during the lightning round that, “It’s had a nice run but I don’t want you to sell this stock.” The last month alone has seen the stock appreciate around $5 dollars per share to its current price of $28.13. Second quarter results are scheduled for July 31
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