Jim Cramer: Buy Verizon, Wynn Resorts, and 3 More Stock Picks
Jim Cramer made the following calls on September 18th, 2013. What do you think about his picks?
Verizon Communications Inc. (NYSE:VZ): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 30, 2013. The stock’s 52-week high is $54.31, and its 52-week low is $40.51. Cramer was a fan of Verizon, the telecom giant that boasts one of the largest LTE networks in the country. Recently, controversy has erupted over Verizon’s sluggish response towards owners of the Nexus 7, which is currently not supported on its network. Verizon has stated that the certification process will likely take over a month, hinting that users of the Google product trying to set up Verizon’s coverage will be disappointed for a little while longer.
Wynn Resorts Ltd. (NASDAQ:WYNN): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on January 14, 2013. The stock’s 52-week high is $153.47, and its 52-week low is $103.34. Cramer was optimistic about Wynn, which is set to benefit from a possible expansion into Japan. Developers such as Wynn have been advocating for the legalization of casinos in the Asian country for over a decade, but only now has a bill footing the proposal appeared in the Japanese legislature. It is uncertain whether it will go through.
NQ Mobile Inc (NYSE:NQ): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on July 12, 2013. The stock’s 52-week high is $22.95, and its 52-week low is $5.07. Despite positive trends in the stock’s performance over the last several months, Cramer was bearish about NQ, the provider of mobile security apps. Cramer compared the stock unfavorably to Verizon in the same space.
Charles Schwab Corp. (NYSE:SCHW): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $22.84, and its 52-week low is $12.47. Cramer noted that Schwab had a great year, climbing by well over 50 percent, and he feels that the online trading sector is one that can only move in the right direction. He also pointed to rising interest rates as a good thing for the company, claiming that each 1 percent rise in interest rates causes Schwab to net an additional $0.50 per share earnings bump.
Valeant Pharmaceuticals International (NYSE:VRX): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $105.40, and its 52-week low is $52.50. Cramer advocated sticking with Valeant Pharmaceuticals, a stock that has almost doubled in value over the course of the past year. Valeant is also given a consensus buy rating by analysts, with an average price target coming in at over $105, meaning that many think that the stock is poised to soar to new all-time highs.