Jim Cramer: BUY, BUY, BUY Nike, Fusion-IO and These 3 HOT Stocks Today

Jim Cramer made the following calls on August 22nd, 2012. What do you think about his picks?

Fusion-IO, Inc. (NYSE:FIO): Jim Cramer ranked this stock a Buy. The stock closed at $29.31, its 52-week high is $41.74, and its 52-week low is $14.90.

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International Flavors & Fragrances Inc. (NYSE:IFF): Jim Cramer ranked this stock a Buy. The stock closed at $61.57, its 52-week high is $63.78, and its 52-week low is $51.20.

International Paper Co. (NYSE:IP): Jim Cramer ranked this stock a Buy. The stock closed at $34.72, its 52-week high is $36.50, and its 52-week low is $21.55.

Nike Inc. (NYSE:NKE): Jim Cramer ranked this stock a Buy. The stock closed at $95.77, its 52-week high is $114.81, and its 52-week low is $80.20.

Permian Basin Royalty Trust (NYSE:PBT): Jim Cramer ranked this stock a Buy. The stock closed at $17.97, its 52-week high is $23.25, and its 52-week low is $16.49.

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