Jim Cramer: Sell Alcoa and Abercrombie & Fitch, and 2 More Stock Picks
Jim Cramer made the following calls on November 15th, 2013. What do you think about his picks?
Alcoa, Inc. (NYSE:AA): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on November 5, 2013. The stock’s 52-week high is $9.97, and its 52-week low is $7.63. Cramer said that he would steer clear of Alcoa, noting that he had been wrong about the name in the past. He pointed to the abundance of aluminum in the world right now as a potential negative driver for Alcoa’s share price.
Abercrombie & Fitch Co. (NYSE:ANF): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on November 14, 2013. The stock’s 52-week high is $55.23, and its 52-week low is $32.41. Cramer looked ahead to this week by discussing companies that are set to report earnings in the near future. With Abercrombie & Fitch reporting this Thursday, Cramer could not be optimistic about how he thinks the company will have performed, and he expects the company to disappoint.
Abaxis Inc. (NASDAQ:ABAX): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $51.84, and its 52-week low is $32.11. Cramer was unable to recommend Abaxis, saying that it had stumped him in the past and that he did not want to become involved with the name now. The company provides medical technology that enables doctors and veterinarians to perform testing of patients in non-hospital locations, among other medical functions.
Best Buy Co. Inc. (NYSE:BBY): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 29, 2013. The stock’s 52-week high is $44.66, and its 52-week low is $11.20. Cramer continues to like Best Buy, which he has previously highlighted as a company that has turned around a grim position in a dying retail sales market to one of the success stories of the past two years. He looked ahead eagerly to tomorrow, when the company will report its quarterly earnings.
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