Cramers Disses J.C. Penney and MGM, Suggests Buying 3 Stocks

Jim Cramer made the following calls on May 16th, 2012. What do you think about his picks?

J. C. Penney Company, Inc. (NYSE:JCP): Jim Cramer ranked this stock a Sell. The stock closed at $26.75, its 52-week high is $43.18, and its 52-week low is $23.44.

A Closer Look: Will JCP Escape This Earnings Black Hole?

Kraft Foods Inc. (NYSE:KFT): Jim Cramer ranked this stock a Buy. The stock closed at $38.61, its 52-week high is $39.99, and its 52-week low is $31.88.

Las Vegas Sands Corp. (NYSE:LVS): Jim Cramer ranked this stock a Buy. The stock closed at $48.47, its 52-week high is $62.09, and its 52-week low is $36.08.

MGM Resorts International (NYSE:MGM): Jim Cramer ranked this stock a Sell. The stock closed at $10.91, its 52-week high is $16.05, and its 52-week low is $7.40.

Pepsico, Inc. (NYSE:PEP): Jim Cramer ranked this stock a Buy. The stock closed at $68.75, its 52-week high is $71.89, and its 52-week low is $58.50.

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