Jim Cramer: Buy Dominion Resources, F5 Networks, and These 2 Stocks
Jim Cramer made the following calls on October 3rd, 2013. What do you think about his picks?
Dominion Resources, Inc. (NYSE:D): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on May 20, 2013. The stock’s 52-week high is $64.04, and its 52-week low is $48.94. Cramer sat down with Tom Farrell, the president and CEO of Dominion Resources. They discussed Dominion’s export station in Maryland, which is set to begin sending natural gas the way of Japan and China in the near future. Cramer called Dominion his favorite utility company, with Dominion’s CEO calming fears that the exporting project will cause natural gas prices to rise at home.
F5 Networks, Inc. (NASDAQ:FFIV): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on March 22, 2013. The stock’s 52-week high is $107.99, and its 52-week low is $67.53. Cramer was surprisingly optimistic about F5 Networks, a company that he has not liked in quite a while. Cramer pointed to two factors that have primarily made him change his mind; the company’s earnings are likely to fly under the radar as they are due to be released near the debt ceiling crunch date in Washington, and the company is due to begin a new product life cycle soon, which will cause revenues to increase.
Franks International (NYSE:FI): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $31.73, and its 52-week low is $25.76. Cramer was a fan of Franks International, the oil pipe and casing maker that just went pubic a couple of months ago. Cramer noted that the company has many partnerships with offshore drilling ventures, which tend not to change suppliers and which have been growing at a pace that leads the industry. Cramer also praised the company’s sound balance sheet.
HEICO Corp. (NYSE:HEI): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on March 7, 2012. The stock’s 52-week high is $70.11, and its 52-week low is $37.35. Cramer expressed positive feelings about Heico, saying that he was a buyer and a fan of making a play on the aerospace industry. The stock has been steadily climbing over the course of the last six months.
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