Jim Cramer: Buy Facebook, Harman International, and These 2 Stocks
Jim Cramer made the following calls on October 30th, 2013. What do you think about his picks?
Facebook (NASDAQ:FB): Jim Cramer ranked this stock a Buy. Though strong earnings on Wednesday propelled Facebook higher, a sell-off afterwards has already begun, causing the stock to lose some steam as soon as Thursday morning. Cramer advised investors not to be fazed by such moves, saying that a company with strong fundamentals and a good business model will be able to survive, along with its stock price, even through swings in market opinion.
Harman International (NYSE:HAR): Jim Cramer ranked this stock a Buy. Harman International’s share price jumped by over 12 percent yesterday, as the company delivered earnings and revenues that significantly beat expectations. Cramer sat down with Dinesh Paliwal, the chairman, president, and CEO of the company, to talk about Harman’s success and how the maker of audio equipment has been able to thrive. Paliwal said that Harman has stuck to sound business practices and has looked to manufacture its equipment in the best possible locations, which includes countries such as the Ukraine and Mexico.
Hi-Crush Partners (NYSE:HCLP): Jim Cramer ranked this stock a Buy. The stock has been cooling off over the last few days, coming out of a month of October where, at one time, the stock was up around 30 percent. Cramer responded to a viewer query about Hi-Crush Partners positively, saying that anyone picking up the stock was on the right track. The company, which is in the business of the production and transportation of so-called fracking sand, is expected to report third-quarter results next week.
Wabash National (NYSE:WNC): Jim Cramer ranked this stock a Buy. Wabash National has taken a slight hit to its share price at the end of October, based on an earnings report in which revenues and incomes were perceived to have dropped from last year. However, the company remains optimistic about performance in the future, especially given the uptick in its diversified products division.
Investing Insights: Can Facebook Continue to Trend Higher?