Cramer Says Buy Sirius Radio, Zynga, These 3 Stocks
Jim Cramer made the following calls on July 18th, 2013. What do you think about his picks?
SIRIUS XM Radio Inc. (NASDAQ:SIRI): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on January 28, 2013. The stock’s 52-week high is $3.77, and its 52-week low is $2.03.
Sirius got the mention during the lightning round, saying that, “”I like Sirius … it has been terrific. I think it goes higher.” It’s ‘terrific’ performance has seen it rise to 52-week highs, gaining nearly double from its low point. The company has recently entered a deal with AT&T (NYSE:T), enlisting them to provide security and other services for some Nissan vehicles in North America.
Zynga, Inc. (NASDAQ:ZNGA): 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 $5.25, and its 52-week low is $2.09.
Cramer was questioned on Zynga during the lightning round, a stock he has previously advocated buying. When, asked about the stock in the past, Cramer pointed to the new CEO saying, “I think the new CEO is a winner. It’s too late to sell and time to buy.” Formerly working for Microsoft (NASDAQ:MSFT), Don Mattrick left the company shortly after the unveiling of the Xbox One to take the helm of Zynga, being named chief executive officer.
SAP AG (NYSE:SAP): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on February 5, 2013. The stock’s 52-week high is $84.66, and its 52-week low is $58.23.
Last night saw Cramer host three separate executives on Mad Money, with SAP’s Bill McDermott being one. McDermott explained to Cramer while SAP shares have slid this year, the cloud computing business remains stable and his company remains committed to moving entire businesses onto their cloud system. After the chief executive assuaged the TV host’s fears about global economic conditions and SAP’s business model, Cramer seemed placated, and issued the buy recommendation. McDermott’s positive attitude was also evident in the company’s second quarter conference call, where he commented that “We continued our double-digit growth momentum, we are leading the transformation of the industry, and our market opportunity is bigger than ever. We are gaining market share in a challenging macroeconomic environment, and with the HANA Enterprise Cloud, we are resolute to capture the future as the cloud company.”
SanDisk Corp. (NASDAQ:SNDK): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 27, 2013. The stock’s 52-week high is $63.73, and its 52-week low is $37.95.
SanDisk was one of a handful of stocks thrown at the Mad Money host during the lightning round, and was lucky enough to get the go signal from Cramer. Sounding especially enthusiastic, he said that, “”I think it is terrific. It is the right place to be. They are flash and they are doing a great job.” SanDisk released its second quarter financials for the year, reporting a 43 percent year-on-year increase in revenue, one of several factors propelling the stock within a few dollars of its 52-week high.
Synovus Financial Corp. (NYSE:SNV): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on January 25, 2013. The stock’s 52-week high is $3.15, and its 52-week low is $1.81.
Telling viewers to get in Synovus, Cramer said that, “”(It is paying off TARP) That is why I like it. That is the reason to buy it … that and the fact that it has done quite well.” The company is trading up over 3 percent in pre-market activity today, possibly a result from Cramer’s love and their most recent earnings report which showed a nice gain from the previous year. Pre-tax income for Synovus increased to $72.9 million in the second quarter of 2013, up from $46.6 million in the first quarter of 2013, and up from $37.3 million in the second quarter of 2012.