Cramer Says Yes to Chipotle, Cypress, This Stock; No to Canadian Solar
Jim Cramer made the following calls on July 19th, 2013. What do you think about his picks?
Chipotle Mexican Grill, Inc. (NYSE:CMG): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on April 12, 2013. The stock’s 52-week high is $410.12, and its 52-week low is $233.82.
Chipotle’s chief financial officer, Jack Hartung, appeared on Mad Money Friday, discussing the current state of business with Cramer. He told the host, among other things, that the company’s managing of costs through efficiency rather than through raising prices has kept them popular with consumers, a strategy they feel will payoff in the long run. He also used this as an explanation for weak first quarter results, after which the company’s share price took a bit of a tumble. Second quarter results were better, showing an 18.2 percent increase in revenue from the same period last year, and a 10.2 percent increase in earnings per share, up to $2.82.
Cypress Semiconductor Corporation (NASDAQ:CY): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on March 19, 2013. The stock’s 52-week high is $13.41, and its 52-week low is $8.70.
T.J. Rodgers, president and chief executive officer of Cypress also appeared on Cramer Friday, garnering approval for his business with ‘Cramerica’. Cypress has been doing well in the touchscreen manufacturing space, according to Rodgers, and new technology is seeking to reduce functionality shortcomings in touchscreens such as glove wearing and interference from chargers. Cramer issued the buy call with a renewed confidence in the company, noting that current inventories are low.
Checkpoint Systems Inc. (NYSE:CKP): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on March 6, 2013. The stock’s 52-week high is $16.84, and its 52-week low is $6.69.
Checkpoint was a buy call during the lightning round on Friday, and Cramer praised the section of the industry the company operated in, saying, “I like that. They have come back. It is anti-stealing, and there is always room for that. They are the answer for a lot of major stores.” The company has been rolling out new anti-stealing technology lately, including a system that will sit underneath floors in retail stores to help protect displayed merchandise.
Canadian Solar Inc. (NASDAQ:CSIQ): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $14.47, and its 52-week low is $1.95.
Cramer is also preferential in the solar space, and Canadian Solar did not get his love Friday. However performance wasn’t exactly the issue, as the company has returned 300 percent to investors this year. As such, he said it is simply too late to do anything with the stock and encouraged viewers to move on.