Jim Cramer: Buy Pier 1 and Rite Aid, But Sell Oracle and These 2 Stocks

Jim Cramer made the following calls on September 13th, 2013. What do you think about his picks?

Pier 1 Imports Inc. (NYSE:PIR): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on August 1, 2013. The stock’s 52-week high is $25.29, and its 52-week low is $18.05. Pier 1 is set to release their earnings report this Thursday, an event in which Cramer sees a potential increase in value for the stock.

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Rite Aid Corp. (NYSE:RAD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on August 29, 2013. The stock’s 52-week high is $3.75, and its 52-week low is $0.95. Rite Aid will release their earnings report this Thursday. Cramer thinks that buying the stock before the report is released could be a way to capitalize on an upward movement in the stock’s value.

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Oracle Corp. (NYSE:ORCL): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on July 1, 2013. The stock’s 52-week high is $36.43, and its 52-week low is $29.52. Oracle is set to release its earnings report this Wednesday, the same day as a meeting of the Federal Reserve Bank. While Cramer eyed opportunities to buy on weakness following the Fed’s meeting, he reiterated a sell rating on Oracle, saying that this was not the stock to buy for that strategy.

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Northern Tier Energy (NYSE:NTI): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on December 17, 2012. The stock’s 52-week high is $33.24, and its 52-week low is $18.10. Northern Tier was ranked Neutral is its coverage debut by JP Morgan, who gave the stock a $21 price target. JP Morgan said that the company’s location gives it a strategic advantage in the refining business because of transportation costs. Cramer was not so optimistic, possibly wary of a steady, six month decline in the stock’s price.

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Pembina Pipeline Corp. (NYSE:PBA): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $34.70, and its 52-week low is $26.91. Cramer was bearish about the stock, claiming that it was stagnant and unlikely to gain value. The company did recently issue a dividend that will be paid on October 15th of this year.

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