Jim Cramer: Buy Pfizer, Sell Potbelly, and 3 Other Stock Picks
Jim Cramer made the following calls on October 7th, 2013. What do you think about his picks?
Pfizer Inc. (NYSE:PFE): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 15, 2013. The stock’s 52-week high is $31.15, and its 52-week low is $23.55. Cramer picked Pfizer as an example of a high-yield stock that one could go to during times of economic uncertainty, much as the current stalemate in Washington is providing. The company has posted steady gains over the course of the past year, though it has been relatively stagnant over shorter time scales.
Potbelly Corp. (NASDAQ:PBPB): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $0.00, and its 52-week low is $0.00. Cramer considered whether Potbelly was a company that he could get behind with economic hardships looming on the horizon, concluding that it was better to avoid the stock for now. He cited weak in-store sales growth and the plethora of companies that are potential competitors as two reasons that the company will not be able to grow from a regional business to a national business with as much success as many investors are expecting.
Orexigen Therapeutics, Inc. (NASDAQ:OREX): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $7.84, and its 52-week low is $3.91. Cramer was unenthusiastic about Orexigen Therapeutics, claiming that the ailments that their company targets, such as obesity and central nervous system problems, were not the soundest areas of the pharmaceutical market from an investor’s point of view. Cramer was still bullish about the sector in general, but he claimed that there were much better picks at the moment than Orexigen.
SolarCity Corp. (NASDAQ:SCTY): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on January 17, 2013. The stock’s 52-week high is $52.77, and its 52-week low is $9.20. Cramer was optimistic about SolarCity, saying that it had room to go higher. This is despite the stock posting gains throughout most of the past year, with the exception of a spike in the stock’s price this past May.
Southern Company (NYSE:SO): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on June 7, 2013. The stock’s 52-week high is $48.74, and its 52-week low is $40.36. Cramer reversed his opinion on the Southern Company, an energy firm that Cramer now likes because he believes that it can be a performer even in the face of an ongoing government shutdown that has put the clamp on many Wall Street prices. This comes despite the company’s stock price declining over the course of the last few months.
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