Jim Cramer: Buy Taiwan Semiconductor and United Rentals, and 3 More Stock Picks

Jim Cramer made the following calls on October 17th, 2013. What do you think about his picks?

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on October 4, 2012. The stock’s 52-week high is $20.30, and its 52-week low is $14.74. Cramer was optimistic about Taiwan Semiconductor, a company that he claimed was one of his favorites in the area. The stock’s price has rebounded nicely over the course of the past two months after taking a hit during the summer.

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United Rentals, Inc. (NYSE:URI): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on February 1, 2012. The stock’s 52-week high is $62.90, and its 52-week low is $30.72. Cramer sat down with Michael Kneeland, the president and CEO of United Rentals, who had only good things to say about his company’s future. He said that upsurges in the oil and gas industries were very beneficial to the equipment rental business, and that his company still had room to grow in the U.S., with 18 new stores in the works already. Cramer said that the company stacked up favorably to manufacturers of equipment, with United Rentals offering the better business model, getting the lion’s share of the profits, and posting bigger gains in the stock market as well.

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Verizon Communications Inc. (NYSE:VZ): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 8, 2013. The stock’s 52-week high is $54.31, and its 52-week low is $40.51. Cramer was optimistic about Verizon, citing the company’s strong earnings report earlier this week as a sign of the company’s strength. With solid growth numbers, and EPS that beat estimates, it’s no wonder that Cramer is still on board with a stock that he has been recommending for years.

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Wells Fargo & Company (NYSE:WFC): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 23, 2013. The stock’s 52-week high is $44.79, and its 52-week low is $31.25. Cramer reiterated his buy ranking on Wells Fargo from several months ago. He said that the company compared favorably to other players in its sector, making it a stock to buy if one wanted to invest in that area.

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Xilinx Inc. (NASDAQ:XLNX): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on September 4, 2013. The stock’s 52-week high is $48.12, and its 52-week low is $32.12. Cramer was not a fan of Xilinx, discussing the company in the category of firms that reported disappointing earnings a short time ago. He said that Xilinx had stated that it would be taking market share from competitors only to lose a major contract and then revise its guidance for the rest of the year to be decidedly mediocre.

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