Cramer Says Yes to Panera, Michael Kors, and These 2 Stocks
Jim Cramer made the following calls on August 12th, 2013. What do you think about his picks?
Panera Bread Co. (NASDAQ:PNRA): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 25, 2013. The stock’s 52-week high is $194.77, and its 52-week low is $152.26.
Panera, purveyors of all things delicious, caught the eye of Cramer once more last night, and he told viewers as much. The company is one of the few food organizations that the Mad Money host continues to recommend, especially with the market trading sideways recently. Panera’s earnings per share ticked up in the second quarter, gaining 16 percent to climb to $1.74.
Michael Kors Holdings (NYSE:KORS): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on May 30, 2013. The stock’s 52-week high is $72.54, and its 52-week low is $46.66.
Cramer has been an advocate of Michael Kors for most of the summer now, and he told viewers to watch for the right price. “We have liked this since the beginning. KORS is one of the fastest growing companies in the universe and should be bought at $72 or lower,” he said during the lightning round. In its most recent quarterly results, the company increased revenue by 54.5 percent and diluted earnings per share by nearly 80 percent.
Five Below (NASDAQ:FIVE): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 11, 2013. The stock’s 52-week high is $43.04, and its 52-week low is $27.73.
Cramer still likes Five Below after last month’s recommendation, telling viewers during last night’s lightning round that, “I have to say it is (a buying opportunity). I don’t usually like to see management turmoil. The CEO is there, business is good, there is long-term expansion. I am not that concerned.” Cramer was referring to David Johnston, Chief Operating Officer, who will be leaving at the end of August.
Lululemon Athletica Inc. (NASDAQ:LULU): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on June 11, 2013. The stock’s 52-week high is $82.50, and its 52-week low is $57.14.
Lulumon has been subject to the loss of its chief executive office as well as a class action lawsuit on behalf of shareholders over the summer, creating a rough patch for company. After looking at some charts with colleague Bob Lang, Cramer decided that the stock is heading for better days, feeling that the company would rise above its current challenges.