Jim Cramer made the following calls on November 12th, 2013. What do you think about his picks?
Del Frisco’s Restaurant Group (NASDAQ:DFRG): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on November 16, 2012. The stock’s 52-week high is $23.34, and its 52-week low is $12.67. Cramer sat down with Mark Mednansky, the CEO of Del Frisco’s Restaurant Group, who talked about his company’s plans for staying profitable. Mednansky said that Del Frisco’s has been making money off of the upper middle classes, who are indulging and have money to spend. He also noted that the company is trying to figure out what to do with Sullivan’s, the least successful of its three brands, noting that he hasn’t given up hope for the name yet.
FedEx Corporation (NYSE:FDX): 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 $136.98, and its 52-week low is $85.15. Cramer responded to a viewer query about FedEx by noting that he liked the stock a lot. However, he did point out that it was quite expensive at current levels, meaning that it may be best to wait for a better opportunity to buy into the name.
Exelon Corp. (NYSE:EXC): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on August 12, 2013. The stock’s 52-week high is $37.80, and its 52-week low is $27.58. Cramer did not have good things to say about Exelon. He pointed out that, as a utility company, and a utility company that was under-performing at that, there was no reason to be an owner of Exelon.
FirstEnergy Corp. (NYSE:FE): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on May 9, 2013. The stock’s 52-week high is $46.77, and its 52-week low is $35.46. Cramer was bearish about FirstEnergy, a company that manages power supply networks. The company recently announced an initiative totaling nearly $3 billion that aims to put “smart grid” technology into four utilities in the Midwest, though the move was not enough to entice Cramer to change his mind about the company.
Gogo (NASDAQ:GOGO): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $24.85, and its 52-week low is $9.71. Cramer was optimistic about Gogo, the provider of wireless internet services on airplanes, both private craft and company-owned vehicles. Cramer used Gogo as the perfect example of a company that didn’t need a red-hot IPO in order to see growth in its share price. Though many were initially concerned about the company’s potential loss of market share, those on Wall Street did not take into account the high switching costs incurred by airlines who would not use Gogo’s service. Though the stock lost money on its first day on the markets, Gogo is up over 50 percent since its IPO after beating out earnings expectations earlier this week.
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