Jim Cramer: Buy Boeing, Ford, and These 2 Stocks, Sell Goldcorp
Jim Cramer made the following calls on June 28th, 2013. What do you think about his picks?
Boeing Co. (NYSE:BA): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 26, 2013. The stock’s 52-week high is $104.15, and its 52-week low is $69.03.
Despite many problems with its Dreamliner 787 plane, the company continues to experience favorable sentiments from the outspoken Cramer. The aerospace industry in general is experiencing nice growth in developing and emerging markets, including China and India, and moreover, the company experienced a very solid 20 percent growth in Q1 2013. Cramer praised chief executive Jim McNerney’s poise in the face of the 787 problems, saying that, “many execs might have run from this one, many execs might have ducked. He never did, he was at the forefront.”
Ford Motor Co. (NYSE:F): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 27, 2013. The stock’s 52-week high is $16.09, and its 52-week low is $8.82.
Ford has taken several actions to boost its competitive standing, specifically moving into Russian markets as European sales lag, and while it develops its overseas presence, Ford is expected to lead sales in the U.S. among the big three. Although auto sales have been generally weak in Europe lately, Ford has still grown its market share there in the last year.
EI DuPont de Nemours & Co. (NYSE:DD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 25, 2013. The stock’s 52-week high is $57.25, and its 52-week low is $41.67.
Cramer called DuPont one of five great American companies that in his mind, are “buy, buy, buys” on last night’s show. DuPont’s margin growth has outpaced competitors, including PolyOne (NYSE:POL), and has announced a rather exciting technology that will charge electronic devices while they merely sit on counter tops.
Joy Global Inc. (NYSE:JOY): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on January 16, 2013. The stock’s 52-week high is $69.19, and its 52-week low is $47.69.
Joy has experienced an uptick in both sales and revenue growth, with the former exceeding $1.5 billion this year. However, short interest in Joy is up 13.29 percent since May 31 of this year. The company has a solid debt-to-equity ration of 0.48, which is below industry average, and moreover, has a margin percentage of 35.30 percent, which Cramer’s website considers to be strong. Its net profit margin of 13.34 percent compares favorably to the industry average, according to the same source.
Goldcorp Inc. (NYSE:GG): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on February 22, 2012. The stock’s 52-week high is $47.42, and its 52-week low is $22.22.
Gold has been getting pummeled lately, and that Cramer would call Goldcorp a sell is hardly surprising. Gold dipped below $1,200 an ounce last week for the first time in three years, when at that point it was down $200 an ounce in 10 days. With little fear of inflation in the U.S., gold continues to perform poorly and be of little use to investors while they traverse the recently volatile bond market. Both Europe and the U.S. are experiencing inflation of less than 2 percent, and some in the European Union are worried about a deflationary crisis. Goldcorp is part of a larger industry facing a significant beating recently.
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