Jim Cramer: Buy Fluor, Home Depot, and These 2 Stocks
Jim Cramer made the following calls on November 20, 2013. What do you think about his picks?
Fluor Corporation (NYSE:FLR): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on December 22, 2011. The stock’s 52-week high is $79.95, and its 52-week low is $51.87. Cramer reacted positively to a viewer query about Fluor Corporation, a company involved in global construction and engineering projects. Though the company has cooled off a little in the past couple of days, Fluor had been trading at its all-time high of near $80 just earlier this week.
The Home Depot, Inc. (NYSE:HD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on November 15, 2013. The stock’s 52-week high is $82.27, and its 52-week low is $60.21. Cramer included Home Depot in a discussion of some of the best retail stocks to own right now. He said that sales of everything in the store are up, pushing same-store sales up more than 8 percent in the past months. With housing set for a recovery as well, things are only looking brighter for Home Depot’s future as well.
Horizon Pharma Inc (NASDAQ:HZNP): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $6.09, and its 52-week low is $1.97. Cramer was optimistic about Horizon Pharma, despite having said that he feels as if speculative pharmaceuticals is an area best left untouched until early next year. Cramer said that Horizon is involved in pain management, an area where there is a lot of demand at the moment and in which demand is unlikely to fade in the coming months and years.
Plains All American Pipeline LP (NYSE:PAA): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on May 16, 2013. The stock’s 52-week high is $59.52, and its 52-week low is $44.15. Cramer had mixed feelings about Plains All American Pipeline. On the one hand, he said that the company appears to be stuck within its current range of stock price, making it difficult to make money of off in the short term. This is not as much of a problem for longer-term investors, however, especially ones who can make use of the 4 percent yield that the company boasts.