Jim Cramer: Buy Facebook, Express, and This Hot Stock
Jim Cramer made the following calls on September 12th, 2013. What do you think about his picks?
Facebook, Inc. (NASDAQ:FB): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 31, 2013. The stock’s 52-week high is $45.09, and its 52-week low is $18.80. Many analysts believe that Facebook has shown a lot of poise, having posted sharp gains since the end of July. On the news front, Facebook announced that it was abandoning its virtual currency in favor of local currencies to promote purchasing for games and the like used within the social media site. Cramer also talked with Jon Steinberg, the president of Buzzfeed, to discuss differences in the IPO and early trading days of Facebook versus the potential IPO and early days on the market of Twitter.
Express Inc. (NYSE:EXPR): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on May 8, 2013. The stock’s 52-week high is $23.25, and its 52-week low is $10.47. Cramer sat down with Michael Weiss, the chairman and CEO of clothing retailer Express, to discuss what has allowed his business to thrive in an otherwise stagnant retail sales market for clothing. Weiss replied that aggressively targeting customers was key, going hand in hand with catering specifically to customer needs by constantly trying new tactics at his company’s stores. He claimed that it was that approach, more than any other, that made him confident that it was lower end, poorly managed apparel outlets that are being threatened by online retailers, more so than his company.
InterMune Inc. (NASDAQ:ITMN): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on May 6, 2010. The stock’s 52-week high is $16.00, and its 52-week low is $7.80. A stock with a lot of potential but also a lot of volatility, InterMune dropped sharply this Wednesday, but has still posted approximately a 50 percent gain in the last three months. Even Cramer noted that the stock was “hugely speculative” in the lightning round.