Jim Cramer: Sell J.C. Penney, Buy Krispy Kreme, and 2 More Stock Picks
Jim Cramer made the following calls on November 6th, 2013. What do you think about his picks?
J. C. Penney Company, Inc. (NYSE:JCP): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on September 27, 2013. The stock’s 52-week high is $23.10, and its 52-week low is $6.24. Cramer repeated his sell ranking on J.C. Penney, saying that the stock remains quite vulnerable to bad news given how poorly things have been going for the retailer. He recommended being ready to sell at a moment’s notice, if not getting rid of positions in the company now.
Krispy Kreme Doughnuts Inc. (NYSE:KKD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on August 13, 2013. The stock’s 52-week high is $26.40, and its 52-week low is $6.77. Cramer was optimistic about Krispy Kreme, the doughnut maker, which has seen its stock price climb over the course of the past two months. Cramer responded to a viewer query about the stock by saying that he liked the name and thought that it was a very well-run company.
Magnum Hunter Resources Corporation (NYSE:MHR): 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 $8.12, and its 52-week low is $2.37. Cramer sat down with Gary Evans, the chairman and CEO of Magnum Hunter, to discuss the oil and gas company’s outlook on its operations. Evans said that a major hiccup for Magnum was their accounting mishap, which required bringing in independent auditors and changing from a well-respected accounting firm, but was something that had to be put right. Cramer and Evans discussed how costs in the industry have plummeted, with the cost of making an oil well down from $9 million to $6 million in recent years, which is just another reason to be on board with the company.
NetSuite Inc. (NYSE:N): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on March 14, 2013. The stock’s 52-week high is $114.00, and its 52-week low is $56.61. Cramer couldn’t give his seal of approval to NetSuite, saying that there were other companies in the sector that were outperforming it. NetSuite’s shares have been on the decline during the past month.
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