Jim Cramer: Buy Pier 1, Royal Caribbean, and These 2 Stocks

Jim Cramer made the following calls on September 19th, 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 September 13, 2013. The stock’s 52-week high is $25.29, and its 52-week low is $18.05. Cramer sat down with Alex Smith, the CEO of Pier 1, who remained positive despite failing to meet earnings goals by $0.04 per share. Smith said that he had focused too much on the online part of the business, neglecting traditional brick and mortar stores and the advertising that must accompany them to draw in customers. Cramer remained optimistic that the company could recover, even during tough economic times.

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Royal Caribbean Cruises Ltd. (NYSE:RCL): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 25, 2012. The stock’s 52-week high is $40.60, and its 52-week low is $29.69. Cramer was bullish about Royal Caribbean, a company which he says has taken market share from its competitors, even during an economic downturn. The company will be trading ex-dividend for the first time today.

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Northrop Grumman Corporation (NYSE:NOC): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 22, 2013. The stock’s 52-week high is $99.10, and its 52-week low is $62.80. Cramer was a fan of Northrop Grumman, a company that has won contracts to develop radar based technology for aircraft that are used by the American and Taiwanese air forces, among others. Though they recently missed out on a contract to develop radar for the South Korean government to Raytheon (NYSE:RTN), the company remains positive about their future outlook.

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Take-Two Interactive Software Inc. (NASDAQ:TTWO): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on July 25, 2013. The stock’s 52-week high is $19.25, and its 52-week low is $10.01. Cramer advocated buying Take-Two, citing new games that the company is developing which will be sure to add value to the company. The company has been off to a rough start in the month of September, despite posting strong gains in July and August.

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