Cramer: Sell Weatherford, ExOne, and Buy Smucker, These 2 Companies
Jim Cramer made the following calls on July 2nd, 2013. What do you think about his picks?
Weatherford International Ltd. (NYSE:WFT): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on February 23, 2012. The stock’s 52-week high is $14.65, and its 52-week low is $8.84.
After telling viewers to sell this stock, Cramer’s website reveals a few of the problems he and his staff have with the company, saying that, “we find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.” Though its rated as a hold over on The Street, Cramer seemed to not even value it that highly on last night’s show.
ExOne Co (NASDAQ:XONE): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $66.90, and its 52-week low is $23.50.
Cramer did not like ExOne in the lightning round, telling viewers to sell. The stock is trading very high, near its 52 week peak currently. With 3D printers in the news as their capability to make guns expands, the industry remains a controversial one at the moment. The company recently announced a deal to provide consumers with a complete 3D printing package after partnering with a vacuum furnace manufacturer.
The J. M. Smucker Company (NYSE:SJM): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on June 3, 2011. The stock’s 52-week high is $105.18, and its 52-week low is $74.12.
With colleague Tim Collins on the show, Cramer went over the charts of the famous jelly producer, and while initial skeptical, Collins convinced Cramer that there is more upside to this stock. Collins saw a strong rally and three months of consolidation as indicators that the stock may push higher.
Wells Fargo & Company (NYSE:WFC): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on May 3, 2013. The stock’s 52-week high is $41.96, and its 52-week low is $31.25.
Cramer is taking a different route in looking at Wells Fargo, after Bruyette & Woods downgraded the stock after fears that a slowdown in refinancing would hurt the financial giant. However, in the heat of the lightning round, Cramer remained optimistic on the financial, and told viewers to buy. Wells Fargo is trading within 4 percent of B&W’s $43 target, making little room for further upside, they feel.
Zynga, Inc. (NASDAQ:ZNGA): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on August 15, 2012. The stock’s 52-week high is $9.54, and its 52-week low is $2.09.
The online gaming giant received favorable omens on Mad Money. Specifically, Cramer was optimistic on the company’s new CEO, saying that a turnaround could be in the making. The Street has previously been concerned with weak the operating cash flow of popular games provider.