Cramer Says No to HP, Baidu; Recommends These 2 Stocks Instead
Hewlett-Packard Company (NYSE:HPQ): Jim Cramer rated this stock a Sell. The stock’s 52-week high is $27.78, and its 52-week low is $11.35.
Cramer could not endorse the ailing PC maker last night, citing weak global economic growth as a gap between their stock performance and reality. In a world of growth, he says, HPQ might be able to carve outs its niche in the market once more. However, the industry is just too much for the company to handle right now.
Baidu (NASDAQ:BIDU): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $143.12 and its 52-week low is $82.98.
Cramer said that he doesn’t like Chinese stocks in general, despite the callers big gain on Baidu, and told her to cash out and start looking for new opportunities. Baidu is branching out its business operations recently, purchasing the group-buying site Nuomi Holdings for a cool $160 million.
Baxter (NYSE:BAX): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $74.60, and its 52-week low is $57.86.
Cramer smiled when a caller phoned asking about Baxter during the lightning round. The Mad Money host hailed the stock as one of his favorite companies, and recounted his years at Goldman Sachs while discussing it. However, while he was optimistic about the stock, Cramer felt there was more upside to be had if it would break up. The parts are worth more than the company here, he said.
Xerox (NYSE:XRX) Jim Cramer ranked this stock Buy. The stocks 52-week high is $10.55 and its 52-week low is $6.10.
Xerox was a much better alternative to HPQ in Cramer’s mind, and said the stock has a lot of room for upside. Specifically he told his caller during the lightning round that, “I like this company, said Cramer. It’s not hitting the ball out of the park yet, but I think it could.”