Jim Cramer: Sell Abercrombie & Fitch and Cisco, But Buy These 2 Stocks
Jim Cramer made the following calls on November 14th, 2013. What do you think about his picks?
Abercrombie & Fitch Co. (NYSE:ANF): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on August 15, 2013. The stock’s 52-week high is $55.23, and its 52-week low is $32.41. Cramer added the CEO of Abercrombie & Fitch, Mike Jeffries, to his Wall of Shame, saying that it was time for him to go and that he hoped that the company realized the same when his contract expired at the year’s end. With several consecutive bad quarters, Cramer said that the company needed to find its groove again, and that there was little room for it to maneuver without regaining its image back with the country’s youth.
Cisco Systems, Inc. (NASDAQ:CSCO): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on October 29, 2013. The stock’s 52-week high is $26.49, and its 52-week low is $17.80. Cramer officially decided to sever ties with Cisco, getting rid of his entire position in the stock. He said that the company has been focused on an overseas strategy that has reaped little rewards, neglecting its business here at home which is where the company needs to be focusing.
AFC Enterprises Inc. (NASDAQ:AFCE): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on November 8, 2013. The stock’s 52-week high is $45.22, and its 52-week low is $24.53. Cramer sat down with Cheryl Bachelder, the CEO of AFC Enterprises, to talk about the future of the Popeye’s owner. Cramer said that the stock represents a good buying opportunity, as the chain has posted strong growth in in-store sales despite Wall Street being unnecessarily bearish on what was actually a solid earnings report earlier this week.
AMN Healthcare Services Inc. (NYSE:AHS): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on November 1, 2013. The stock’s 52-week high is $16.20, and its 52-week low is $10.27. Cramer also sat down with Susan Salka, the president and CEO of AMN Healthcare Services, to discuss the provider of health care staff’s future in the face of Obamacare setting in. Salka said that, while short term she did not see many gains from the program, in the long term the prospects were looking up for her company. Cramer said that AMN just might be one of the big stories of 2014.