Jim Cramer: Buy Himax and Iron Mountain, But Sell This Stock
Jim Cramer made the following calls on October 3rd, 2013. What do you think about his picks?
Himax Technologies, Inc. (NASDAQ:HIMX): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 18, 2013. The stock’s 52-week high is $11.49, and its 52-week low is $1.77. Himax’s stock has more than doubled in value already this year, but Cramer thought that the shares could go even higher, giving a $13-$14 range for the upper end of his expectation. Cramer doesnt think that it is too late to get on board with the optical technology company.
Iron Mountain Inc. (NYSE:IRM): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on March 19, 2010. The stock’s 52-week high is $39.71, and its 52-week low is $25.53. Cramer was a fan of Iron Mountain, the data backup and document recovery company. He praised the sound management capabilities of the company’s leadership, claiming that the stock has a lot of room to move upward.
Annaly Capital Management, Inc. (NYSE:NLY): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on September 12, 2013. The stock’s 52-week high is $16.68, and its 52-week low is $10.63. Cramer was unable to recommend Annaly Capital Management, saying that the entire sector was off limits for him due to the risk imposed by the current dilemma in Washington. Cramer was equally bearish about any plays involving mortgages, simply claiming that the uncertainty was too much of a deterrent.