Jim Cramer: Buy AT&T, Visa, and These 3 Stocks

Jim Cramer made the following calls on September 30th, 2013. What do you think about his picks?

AT&T, Inc. (NYSE:T): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on July 30, 2013. The stock’s 52-week high is $39.00, and its 52-week low is $32.71. Cramer pointed to AT&T as the type of high-value stock that could continue to perform despite political tension in Washington over a failure to reach a compromise over the nation’s budget. Though Cramer was not optimistic about the future of the markets overall in the coming days, urging caution more than any other sentiment, he claimed that AT&T would not be a bad buy anyways.

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Visa, Inc. (NYSE:V): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 18, 2013. The stock’s 52-week high is $200.86, and its 52-week low is $135.48. Cramer pointed to Visa as a potential moneymaking opportunity during the government shut down. He claimed that, if any sort of sell off occurs, it would present a prime chance to buy in to the company, which has performed well over the course of the past month. Cramer also speculated that holding shares of the company represented a play on a global transition from paper currency to plastic.

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Philip Morris International, Inc. (NYSE:PM): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 5, 2012. The stock’s 52-week high is $96.73, and its 52-week low is $82.10. Cramer was a fan of the growth patterns of Philip Morris, which, along with the dividend that the company pays, was enough for Cramer to advocate jumping on board with the tobacco giant. The company recently made an acquisition that will allow it greater penetration into Algerian markets.

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SanDisk Corp. (NASDAQ:SNDK): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 18, 2013. The stock’s 52-week high is $63.97, and its 52-week low is $38.47. Cramer reiterated his buy ranking on SanDisk, the manufacturer of flash memory devices. He noted that the stock always tends to trade upward in the fourth quarter, making now the perfect time to invest even for short-term opportunity seekers.

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Zillow Inc (NASDAQ:Z): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 4, 2013. The stock’s 52-week high is $103.00, and its 52-week low is $23.00. Cramer sat down with Spencer Rascoff, the CEO of Zillow, who discussed his company’s future despite its last earnings report bringing disappointment to investors of the company. Rascoff said that the company, being mainly in real estate, is hurt by trends in the housing market more than the public expects it to be. He also noted opportunities for expansion into markets where Zillow is currently not the market leader, such as New York City. Cramer responded by saying that he thought that the stock, as well as the company, had room to go.

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