Cramer’s a Fan of Starbucks, Yelp, These 2 Stocks; Not So Big on SunPower

Jim Cramer made the following calls on August 1st, 2013. What do you think about his picks?

 

Starbucks Corp. (NASDAQ:SBUX): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 30, 2013. The stock’s 52-week high is $73.73, and its 52-week low is $43.40.

Starbucks got called out again as a buy last night amid strengthening economic data, as the unemployment rate has dropped from 7.6 percent to 7.4 percent through the month of July. Cramer feels that stronger employment could lead to higher consumer spending, reaching the coffers of companies like Starbucks.

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Yelp (NYSE:YELP): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on April 24, 2012. The stock’s 52-week high is $52.77, and its 52-week low is $16.32.

Yelp got some love from Cramer last night, as he pointed to the company’s 23 percent gain in one day as a reason to like the stock. Not everyone is feeling so up about the company though, as CNBC notes, one trader is making a sizable bet in the other direction, predicting a downturn in Yelp’s value.

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Marketo (NASDAQ:MKTO): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 10, 2013. The stock’s 52-week high is $33.43, and its 52-week low is $17.20.

Phil Fernandez, president and CEO of Market, sat down on Mad Money last night to discuss the state of his business with Cramer. Marketo is innovating how businesses interact with their customers, and Fernandez told Cramer that email was not the only was to do this anymore. Cramer previously recommended the stock on June 10, and it has gained 45 percent. Cramer continued to advocate the stock after Fernandez told him there would be no equity offerings anytime in the foreseeable future.

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Pier 1 Imports Inc. (NYSE:PIR): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on January 8, 2013. The stock’s 52-week high is $25.29, and its 52-week low is $16.13.

Cramer showed some brand loyalty to Pier 1 last night, telling viewers during the lightning round that, “It is still good. This is a well-run company.” Pier 1′s previous quarterly results, posted in June, showed a strong gain in sales of 9.3 percent.

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SunPower (NASDAQ:SPWR): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on June 20, 2013. The stock’s 52-week high is $28.15, and its 52-week low is $3.90.

Cramer told viewers to avoid SunPower and get in Advanced Materials (NASDAQ:AMAT) instead. SunPower’s earnings for the second quarter had them offering forward guidance in a rather large range, anywhere from $0.15 per diluted share to $0.30.

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