Jim Cramer: Buy 3M, Noble Energy, and 2 More Stock Picks

Jim Cramer made the following calls on October 10th, 2013. What do you think about his picks?

3M Co. (NYSE:MMM): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 3, 2013. The stock’s 52-week high is $122.27, and its 52-week low is $86.74. Cramer said that he thought the company was great, giving it his seal of approval. He also called Inge Thulin, the company’s CEO reason enough to buy the stock regardless of how the company was doing.

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Noble Energy, Inc. (NYSE:NBL): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 2, 2013. The stock’s 52-week high is $68.43, and its 52-week low is $45.00. Cramer was optimistic about Noble Energy, a company that Cramer had previously recommended earlier this month. In addition to being bullish about the energy sector in general, as he has been on past shows, Cramer said that Noble Energy stacked up favorably to some of the other smaller names in the sector.

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NPS Pharmaceuticals, Inc. (NASDAQ:NPSP): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on October 1, 2013. The stock’s 52-week high is $35.72, and its 52-week low is $7.35. Cramer said that there was a case for selling NPS Pharmaceuticals. Cramer was careful to point out that gains must be pocketed at some point, and, in an industry such as pharmaceuticals, companies can see their share price drop overnight if the latest news is not favorable, leading to his sell ranking on the stock.

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Perrigo Co. (NYSE:PRGO): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on August 15, 2013. The stock’s 52-week high is $134.31, and its 52-week low is $98.79. Cramer gave Perrigo his seal of approval in the sector of generic pharmaceuticals. Though Cramer was not overly bullish about the pharmaceutical sector in general, he did pick Perrigo as the strongest player in its specialization, meaning that he would not fault anyone for being an owner of the stock.

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