Cramer is Mad for Bank of America, DuPont, and These 2 Stocks

Jim Cramer made the following calls on July 17th, 2013. What do you think about his picks?

Bank of America Corporation (NYSE:BAC): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on April 5, 2013. The stock’s 52-week high is $14.44, and its 52-week low is $6.90.

While Cramer said earlier this week that he preferred Wells Fargo (NYSE:WFC) to Bank of America, he said last night that he still  thinks the stock is worth buying.  The conference call for the second quarter indicated a wealth of information about the strong stock, including a commitment to share repurchases. According to chief financial officer Bruce Thompson, “Also helping our tangible book value per share in the quarter was the return of roughly $1 billion of capital through the repurchase of 80 million common shares at a price below tangible book value. And as we look forward, we have an additional $4 billion available for common share repurchases.”

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EI DuPont de Nemours & Co. (NYSE:DD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 28, 2013. The stock’s 52-week high is $57.68, and its 52-week low is $41.67.

Cramer owns DuPont in his charitable trust, Action Alerts PLUS, and agreed with investor Nelson Peltz’s positive outlook for the stock. “Talk about a stock that’s close-to-home. We just heard from Dupont’s CEO, Ellen Cullman, in Mad Money’s Invest in America series. She told a terrific story about how the company’s using science to help feed the world with better seeds, and better foods, while also making the best safety materials imaginable,” he said when promoting the stock.

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EOG Resources, Inc. (NYSE:EOG): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 24, 2013. The stock’s 52-week high is $146.79, and its 52-week low is $94.21.

EOG was called as a buy during the lightning round, when he was asked about Exxon Mobile (NYSE:XOM). “Exxon is fine. It’s not as good as EOG Resources or Occidental Petroleum (NYSE:OXY),” Cramer said. While the company doesn’t host its second quarter conference call until the first week of August, the results from the first quarter were positive. The company, among other things, reported first quarter 2013 net income of $494.7 million, or $1.82 per share, up from first quarter 2012 net income of $324.0 million, or $1.20 per share.

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American Tower Corp. (NYSE:AMT): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on May 2, 2013. The stock’s 52-week high is $85.26, and its 52-week low is $68.65.

Jim Taiclet, chairman, president and CEO of American Tower Corp was on Mad Money last night to defend his company in the face of a report which found that the price could decline 40 percent by Carson Block of Muddy Waters. Taiclet called the report “ill-informed” and was concerned about fraud, looking to maintain American Tower’s image. According to the report, American Tower overpaid and misrepresented how much it paid for recent Brazilian assets, and Taiclet said his company would be filing an 8-k report soon to clear the air. Cramer told viewers that he still believes in the stock, but advised due diligence after the report comes out.

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Don’t Miss: Cost-Cutting Pays Off: Bank of America Beats Second-Quarter Expectations.