Jim Cramer: Buy TiVo and Whole Foods, But Sell Walter Energy
Jim Cramer made the following calls on October 15th, 2013. What do you think about his picks?
TiVo Inc. (NASDAQ:TIVO): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 12, 2013. The stock’s 52-week high is $14.10, and its 52-week low is $9.63. Cramer sat down with Tom Rogers, the president and CEO of TiVo, who talked about some of the latest products that TiVo is working on. Rogers and Cramer also agreed that the company has gained stability from having real earnings and profits rather than just a patent portfolio, which, though it has intrinsic value, is liable to swings in worth based on court decisions.
Whole Foods Market, Inc. (NASDAQ:WFM): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on September 6, 2013. The stock’s 52-week high is $62.00, and its 52-week low is $40.70. Cramer analyzed several charts of Whole Foods’s performance, concluding that there were several bullish trends in its buying and selling patterns. Cramer also noted that the fact that the company is trading near its 52-week high right now is actually a sign of tremendous strength.
Walter Energy, Inc. (NYSE:WLT): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on June 13, 2012. The stock’s 52-week high is $41.32, and its 52-week low is $9.88. Cramer was not optimistic about Walter Energy, a company that he had previously given a sell ranking to over a year ago. Cramer simply stated that there were better places to invest his money, be they within the energy sector or in companies of a different nature altogether.
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