Jim Cramer Tunes In To Sirius, Tesla Motors, and These 2 Stocks
Jim Cramer made the following calls on September 26th, 2013. What do you think about his picks?
SIRIUS XM Radio Inc. (NASDAQ:SIRI): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 18, 2013. The stock’s 52-week high is $3.99, and its 52-week low is $2.51. Cramer was a fan of Sirius, which he emphatically declared would go higher. Jim Meyer, the CEO of the company, recently said that his company may be considering options for international expansion, especially into Mexico, which could provide additional sources of revenue for the company.
Tesla Motors, Inc. (NASDAQ:TSLA): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on July 24, 2012. The stock’s 52-week high is $186.30, and its 52-week low is $26.86. Cramer expressed optimism about the car manufacturer, saying that it was a good pick for fund managers who want to show that they have invested in this big winner over the course of the last year. There is some doubt as to whether the company can continue its fantastic upsurge with concerns over the scalability of the company’s business model.
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on August 19, 2013. The stock’s 52-week high is $311.00, and its 52-week low is $136.13. Cramer included Regeneron in his list of several of the top performing biotech companies for the year, claiming that it had potential for additional growth as people continue to jump on the bandwagon. Buzz abounds over the company’s drug alirocumab, which some analysts think could be the next big anti-cholesterol drug.
Cimarex Energy Co. (NYSE:XEC): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on October 21, 2011. The stock’s 52-week high is $96.04, and its 52-week low is $55.74. Cramer highlighted Cimarex in his discussion of oil exploration in the Permian Basin, claiming that Cimarex was one of the few pure plays in the region. With a divestment of some of its natural gas assets, and a focus on an area that he believes is about to experience a boom, Cramer was not afraid to give his seal of approval to the energy company.