Jim Cramer: Buy Micron and Nexstar, but Sell These 2 Stocks
Jim Cramer made the following calls on September 23rd, 2013. What do you think about his picks?
Micron Technology Inc. (NASDAQ:MU): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 29, 2013. The stock’s 52-week high is $17.59, and its 52-week low is $5.16. Cramer said that the stock is upward bound, despite its almost miraculous performance over the last 11 months. In a different note, Cramer expressed that the stock could reach levels as high as $20 by year’s end, especially if the company posts strong earnings in a report due to be released later this week.
Nexstar Broadcasting Group Inc. (NASDAQ:NXST): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $40.57, and its 52-week low is $8.99. Cramer expressed that the company was a winner, having posted very tangible gains in its stock price over the course of the last year. Nexstar’s last earnings report, released in August, beat consensus estimates by a considerable margin, and many analysts maintain a Buy rating on the stock.
Transocean Ltd. (NYSE:RIG): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on March 12, 2012. The stock’s 52-week high is $59.50, and its 52-week low is $43.65. Cramer reiterated his bearishness about Transocean, claiming that offshore drilling was not the place that he wanted to be at this point in time. Some have pointed to harsher regulations in the wake of the Deepwater Horizon oil spill as a negative driver for the sector, while others have claimed that deepwater drilling shows some of the strongest potential for oil production.
Yingli Green Energy Holding Co. Ltd. (NYSE:YGE): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on August 12, 2011. The stock’s 52-week high is $6.15, and its 52-week low is $1.25. Several days ago, Yingli announced that it would be participating in a committee to evaluate the Chinese photovoltaic industry. Despite this, Cramer was not an advocate of the company, warning that he did not want to be heavily involved with companies headquartered in China just yet.