Cramer Likes Europe, Schlumberger, WhiteWave, and These 2 Stocks
Jim Cramer made the following calls on July 22nd, 2013. What do you think about his picks?
Vanguard European ETF (NYSE:VGK): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $53.32, and its 52-week low is $40.12.
Cramer thinks the worst is over in Europe, and several CEOs are making him feel more confident about his decision. Pointing to quickening growth across the bloc, Cramer likes this ETF to get exposure to a Europe that will potentially enter recovery mode soon. Unfortunately, for Cramer and the CEOs he spoke to, many problems remain in Europe, and projected growth for this year is negative, with a flat zero percent in store for 2014.
Schlumberger Limited (NYSE:SLB): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 12, 2013. The stock’s 52-week high is $85.02, and its 52-week low is $66.85.
Mad Money’s host declared a perfect quarter for Schlumberger, saying that with a five year share plan to grow its dividend, margin and revenue expansion, its boom on Friday is unsurprising. Investors almost pushed the stock to its 52-week high on Monday, when it closed at $83.81. Second quarter results showed a nearly $1 billion gain since the same period last year, with total revenue reaching $11.18 billion. Earnings per share reached $1.15, up from $1.01 in the second quarter of last year.
The WhiteWave Foods Company (NYSE:WWAV): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on January 10, 2013. The stock’s 52-week high is $19.59, and its 52-week low is $14.22.Cramer was very optimistic about the organic and whole foods space, and pointed to stocks like Annies (BNNY) and Hain Celestial (NASDAQ:HAIN) as a reason why. The two companies trade at 26 and 25 times earnings, respectively, and have 16.7 percent and 22.5 percent growth rates. However, WhiteWave, a maker of dairy products, has grown at 20 percent and only trades at 22.4 times earnings, a multiple which Cramer feels is far too low.
Praxair Inc. (NYSE:PX): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $120.16, and its 52-week low is $100.00.
Praxair is pushing up towards its 52-week high, and Cramer told investors to pull the trigger on Monday’s lightning round. He was bullish on the industry as much as the stocking, saying that, “I like these air plays …. compressed gases.” Praxair recently launched a hydrogen plant which will serve the Valero refinery in Port Arthur, Texas.
Whiting Petroleum Corp. (NYSE:WLL): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on January 3, 2013. The stock’s 52-week high is $54.86, and its 52-week low is $38.41.
Whiting is a beneficiary of the U.S. oil boom, and according to Cramer, is one of the stcks that will benefit from an increasingly large network of markets for it to sell its product. Previously, infrastructure limited the sales of crude in Texas to places with high demand, and more rail networks and pipelines have removed that barrier to business. Whiting announced last week that it sold its Texas ‘Enhanced Oil Recovery’ business to Breitburn Energy Partners for nearly $860 million.