Cramer Says Sell EBay; Buy Hasbro, Eaton, This Stock Instead
Jim Cramer made the following calls on August 21st, 2013. What do you think about his picks?
eBay Inc. (NASDAQ:EBAY): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on August 13, 2013. The stock’s 52-week high is $58.04, and its 52-week low is $45.66.
Cramer spoke from first hand experience last night during the lightning round, telling viewers that “I sold some for my charitable trust. I can’t take the pain, it just doesn’t trade very well.” eBay’s stock has been quite volatile over the last month, trading within a $3-$4 range.
Hasbro Inc. (NASDAQ:HAS): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on June 13, 2013. The stock’s 52-week high is $48.97, and its 52-week low is $34.91.
Hasbro doesn’t just make fun toys and games, it apparently makes fun opportunities to make money as well, and Cramer told his audience as much last night, saying that, “I like Hasbro. It has yield protection and this is a well-run company with momentum. This one is good.” The company has recently struck a deal with game developer Ubisoft to develop new and improved versions of Monopoly’s classic games, including Monopoly.
Eaton Corporation (NYSE:ETN): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 20, 2013. The stock’s 52-week high is $70.07, and its 52-week low is $43.06.
Sandy Cutler, chairman and CEO, sat down with Cramer last night to discuss the state of his business. Cutler said the most fundamental aspects of his business are improving while economic conditions stabilize across the globe. Specifically, he pointed to margins which are growing, and Cramer couldn’t help but recommend the stock to viewers.
Fleetmatics Group PLC (NYSE:FLTX): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $46.20, and its 52-week low is $19.20.
Cramer had good things to tell viewers about Fleetmatics, saying that, “This is a software as a service play and it’s doing very, very well.” Earnings confirm this, where the stock posted a 39 percent gain in revenue along with a 360 percent growth in earnings per share.
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