Jim Cramer: Buy Federal Realty, Genworth Financial, and These 2 Stocks
Jim Cramer made the following calls on September 18th, 2013. What do you think about his picks?
Federal Realty Investment Trust (NYSE:FRT): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 5, 2013. The stock’s 52-week high is $118.52, and its 52-week low is $94.35. Cramer sat down with Don Wood, the CEO of Federal Realty, who had only good things to say about his shopping center real estate company. Though gains so far this year in the stock’s price have been modest, Wood pointed to the core assets of the company as having gained value due to a systematic replacement of non-paying and bankrupt tenants, as well as to a $500 million program of development to improve the company’s properties. Cramer concluded that Federal Realty was just the type of REIT that he could see himself investing in.
Genworth Financial Inc. (NYSE:GNW): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 23, 2013. The stock’s 52-week high is $13.79, and its 52-week low is $5.07. Cramer feels like now is the right time to get on board with Genworth Financial, an insurer that mainly focuses on mortgages and life insurance. The company has been trading below its book value, and Cramer thinks that it is an attractive buy going into the end of this year and the start of 2014.
Himax Technologies, Inc. (NASDAQ:HIMX): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on August 19, 2013. The stock’s 52-week high is $9.77, and its 52-week low is $1.77. Cramer noted that he was intrigued by Google’s acquisition of a stake in Himex. Reversing his opinion from the previous month, he was willing to express some optimism about the stock. However, he urged caution for investors, saying that waiting a little while to see where the stock appears to be heading would not be a bad move either.
Hubbell Inc. (NYSE:HUB.B): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $113.09, and its 52-week low is $78.14. Cramer was a fan of Hubbell, the construction giant, claiming that the presence of loans being made in the sector is good news for the company. Earlier this year, Hubbell acquired several companies, including two electrical businesses, making the company poised to show growth moving forward.