Cramer Likes Gigamon, Channel Advisor, This Stock; Says No to Ascena
Jim Cramer made the following calls on July 30th, 2013. What do you think about his picks?
Gigamon Inc. (NYSE:GIMO): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 13, 2013. The stock’s 52-week high is $34.99, and its 52-week low is $23.02.
Paul Hooper, president and chief executive officer of Gigamon, came on Cramer’s show last night to tell him about the state of his business. Earnings for Gigamon were great, as the company beat estimates by $0.04 per share, and the company has also picked up the Supreme Court and Library of Congress up as customers, managing tons of information for the two bodies. Cramer told viewers to look for weakness and try to buy.
ChannelAdvisor Corporation (NYSE:ECOM): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $19.85, and its 52-week low is $14.25.
ChannelAdvisor got the green light during the always exciting lightning round, with Cramer telling his audience that, “I like this one. People need a good email strategy and this company has it.” The stock is trading at its 52-week high today, and is set to announce second quarter results on August 7th.
Franklin Resources Inc. (NYSE:BEN): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $56.54, and its 52-week low is $36.76.
“I like BEN. I think they have a lot of good funds,” Cramer said, putting it in the basket of bullish financials. Other stocks he likes in the space include Royal Bank of Scotland (NYSE:RBS), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC). Franklin’s earnings dipped slightly from the previous quarter to $0.86 per share, but still up from last year’s $0.71.
Ascena Retail Group, Inc. (NASDAQ:ASNA): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on June 6, 2013. The stock’s 52-week high is $22.18, and its 52-week low is $15.95.
Ascena got the shaft from Cramer on its volatility, as he said that, “This one is too inconsistent. I can’t endorse it.” Earnings for Ascena were rather brutal, with quarterly earnings down to $0.20 per share from $0.31 in the same period last year.