Jim Cramer: Buy Honeywell, Kodiak Oil, and 3 More Stock Picks
Jim Cramer made the following calls on October 21st, 2013. What do you think about his picks?
Honeywell International Inc. (NYSE:HON): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 3, 2013. The stock’s 52-week high is $87.55, and its 52-week low is $58.29. Cramer sat down with David Cote, the chairman and CEO of Honeywell, to discuss how the company has performed in the wake of the government shutdown. Cote said that his company remains strong in the fundamentals, and that a slight dip in revenue forecasts was not something to worry about. The two discussed the potential of Honeywell in areas such as aerospace, energy, and energy conservation.
Kodiak Oil (NYSE:KOG): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 2, 2013. The stock’s 52-week high is $9.97, and its 52-week low is $6.92. Cramer was bullish about Kodiak Oil, a company that he has frequently recommended. He seemed perplexed that no one had put in an offer to buy the company when it recently put it up for sale, and he remains convinced that the stock will hit the $12 mark.
Starwood Property Trust, Inc. (NYSE:STWD): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $28.94, and its 52-week low is $21.09. Cramer said that he liked Starwood Property Trust, a company whose stock has been steadily increasing over the past year. The company has recently announced that its various brands will be expanding in areas such as Dallas, Cleveland, and Thailand.
Stanley Black & Decker, Inc. (NYSE:SWK): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on July 19, 2013. The stock’s 52-week high is $92.76, and its 52-week low is $66.18. Cramer used Black & Decker as an example of what can happen as a company loses focus of its identity. Though its earnings report from this week was mostly in line with expectations, the share price has tanked as investors have realized that the company is drawing so much of its sales from the government. With the realization that Black & Decker is almost more of a faltering security company than a top toolmaker, even in-line earnings have come as bad news for the company’s share price.
ViaSat Inc. (NASDAQ:VSAT): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $73.43, and its 52-week low is $34.67. Cramer was optimistic about ViaSat, a company involved in the provision and protection of networks. The company’s stock has remained at its current levels since the start of the summer.