Jim Cramer: Buy Regeneron, Sell Rambus, and 2 More Stock Picks
Jim Cramer made the following calls on November 5th, 2013. What do you think about his picks?
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 26, 2013. The stock’s 52-week high is $319.83, and its 52-week low is $136.13. Cramer was optimistic about Regeneron Pharmaceuticals, saying that it stood out in the biotech sector for having one of the highest growth rates seen in recent times. The share price of the stock has more than doubled over the course of the past year. Cramer also talked with Leonard Schleifer, the CEO of Regeneron, who discussed the company’s sources of value in the wake of a 52 cent earnings beat. Schleifer pointed to Eylea, a macular degeneration drug, as well as 13 new drugs in the works as some of the company’s most exciting happenings.
Rambus Inc. (NASDAQ:RMBS): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on July 23, 2013. The stock’s 52-week high is $10.85, and its 52-week low is $4.01. Cramer urged a cautious approach toward Rambus, reversing his position from earlier this summer. He said that now would be a good time to take profits on the stock for those already bought into the name.
SBA Communications Corp. (NASDAQ:SBAC): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on January 10, 2013. The stock’s 52-week high is $92.13, and its 52-week low is $63.85. Cramer talked with Jeffrey Stoops, the president and CEO of SBA Communications, the owner of many cell towers. The two agreed that, with the four major wireless providers in a war to claim whose networks capabilities are best, investing in the tower side of the sector can be very profitable. Stoops did discuss the possibility of eventually turning his company into a REIT, saying that, while it may be viable someday, the company is still focused on paying out a dividend and trying to expand further at this point in time.
United Rentals, Inc. (NYSE:URI): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 24, 2013. The stock’s 52-week high is $66.80, and its 52-week low is $37.31. Cramer reiterated his buy ranking on United Rentals, which he has held is one of the better ways to play areas such as construction. Cramer stated yesterday that he would not consider the stock expensive until it hit the $80 mark.