Cramer’s Feeling Tupperware, Urban Outfitters, and These 2 Stocks
Jim Cramer made the following calls on August 12th, 2013. What do you think about his picks?
Tupperware Brands Corporation (NYSE:TUP): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 17, 2013. The stock’s 52-week high is $87.60, and its 52-week low is $52.36.
Rick Goings, chief executive officer of Tupperware, sat down with Cramer last night to discuss the state of his business. Goings stood by Tupperware’s person to person business model, citing the more intimate sales experience as a refreshing alternative to a increasingly digital world. Goings also said the company is doing well in China as it has its fair share of stores there, 3,900 to be exact.
Urban Outfitters Inc. (NASDAQ:URBN): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on December 19, 2012. The stock’s 52-week high is $44.96, and its 52-week low is $30.16.
Urban outfitters got the recommendation during the lightning round, where Cramer told viewers that, “This stock seems to be resting. Some people think it’s over. I think it can burst higher, not lower.” The company announced record sales in May, as well as a 39 percent increase in earnings.
Quidel Corp. (NASDAQ:QDEL): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $29.75, and its 52-week low is $15.72.
Another lightning round pick, Cramer told views that government is in the diagonostic space, so he likes it as well, saying, “I like that group. I like diagnostics. I’m not going to stop recommending that group, because the government likes diagnostics.” Total revenue for Quidel declined slightly in the second quarter, dropping $30.9 million to $27.9 million.
Western Union Co. (NYSE:WU): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on April 3, 2013. The stock’s 52-week high is $19.14, and its 52-week low is $11.93.
Another Cramer lightning round pick, Western Union got the green light, telling investors that its a “inexpensive stock with a decent yield. It is a comeback after a few missteps. It’s an emerging market play. I like it here.” The company has been rolling out services targeted at emerging markets, such as mobile money transfer in Nigeria.