Jim Cramer: Buy GameStop, Sell IBM, and 2 More Stock Picks
Jim Cramer made the following calls on October 17th, 2013. What do you think about his picks?
GameStop Corp. (NYSE:GME): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 8, 2013. The stock’s 52-week high is $56.08, and its 52-week low is $18.90. Cramer has been very bullish on GameStop lately, a company in which he sees tremendous potential with the release of new consoles set to occur in the fourth quarter of 2013, a time which, by no means coincidentally, also contains the holiday shopping season. Cramer has pointed to the company’s sound management principles as another source of value.
International Business Machines Corp. (NYSE:IBM): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on September 11, 2013. The stock’s 52-week high is $215.90, and its 52-week low is $181.10. Cramer reiterated his sell ranking on IBM after the company failed to deliver on its quarterly earnings report. Cramer called out the company’s lack of growth as a particular bugbear that is sure to attract the attention of others on Wall Street as well.
Just Energy Group (NYSE:JE): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on January 11, 2013. The stock’s 52-week high is $11.40, and its 52-week low is $5.75. Just Energy’s sponsorship of Energy Day in Houston wasn’t enough to get Cramer on board with the company. Cramer said that the stock has too big of a yield, making it hard for him to trust the name.
Kinder Morgan Energy Partners LP (NYSE:KMP): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 30, 2013. The stock’s 52-week high is $92.99, and its 52-week low is $74.76. Cramer sat down with Richard Kinder, the chairman and CEO of Kinder Morgan. Kinder said that his oil and gas pipeline company has been performing very well, pointing to the $14.4 billion list of backlogs that the company is building as evidence that it is not hurting for business. In addition, Kinder pointed to the Marcellus Shale, which is proximal to the Northeast, as a particular moneymaker for Kinder Morgan.