Jim Cramer: Buy Home Depot, Johnson & Johnson, and These 3 Stocks

Jim Cramer made the following calls on September 10th, 2013. What do you think about his picks?

The Home Depot, Inc. (NYSE:HD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on August 20, 2013. The stock’s 52-week high is $81.56, and its 52-week low is $56.43. Home Depot is expected to post increased sales due to the housing recovery, which boosts their business in many forms. People who are looking to “flip” houses and other properties flock to the store for construction and home staples, new houses need appliances and the like as well, as rising home prices may encourage more renovations in the upcoming year.

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Johnson & Johnson (NYSE:JNJ): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 17, 2013. The stock’s 52-week high is $94.42, and its 52-week low is $67.80. Cramer asserted confidence that the stock will return to a $95 value, despite showing decline since it peaked about a month ago. The stock has picked up some positive momentum in the past two weeks.

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Noble Energy, Inc. (NYSE:NBL): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 25, 2013. The stock’s 52-week high is $66.30, and its 52-week low is $45.00. In Cramer’s discussion of American oil independence, he cited Noble Energy in an argument about how the country could be on track for total independence by as early as 2018. Though Noble has international operations, the drilling magnate has significant American operations as well.

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Palo Alto Networks (NYSE:PANW): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on August 26, 2013. The stock’s 52-week high is $70.33, and its 52-week low is $39.08. Palo Alto Networks’s earnings for the fourth quarter of the fiscal year of 2013, released earlier this week, showed a dramatic increase in revenue that beat Wall Street expectations. However, the company remains unprofitable, reporting a loss of over $15 million for the quarter ending July 31st of this year.

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Petroleo Brasileiro (NYSE:PBR): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 24, 2013. The stock’s 52-week high is $24.83, and its 52-week low is $12.03. Cramer said that he thinks Petrobras is a “great play,” possibly because the company’s stock, currently trading at just over $15 a share, is relatively close to its 52-week low. The company was in the news recently for being the latest possible target of the NSA’s spying activities.

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