Jim Cramer made the following calls on October 29th, 2013. What do you think about his picks?
Salesforce.com (NYSE:CRM): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 21, 2013. The stock’s 52-week high is $50.60, and its 52-week low is $34.76. Cramer included Salesforce.com in a list of companies that he had recommended several years ago. While Salesforce has posted considerable gains since then, it is not done yet. With $3 billion in sales, and a name that is gaining more and more weight in the industry, Cramer remains optimistic about the company’s future.
Cisco Systems, Inc. (NASDAQ:CSCO): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on October 16, 2013. The stock’s 52-week high is $26.49, and its 52-week low is $16.68. Cramer reversed his recommendation on Cisco Systems, saying that it is not a stock that he would buy at the current point in time. Though he did say that he owns the stock for his charitable trust, and that it is not unreasonable to hold the shares, it is not a name to buy into right now.
Deckers Outdoor Corp. (NASDAQ:DECK): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on April 1, 2013. The stock’s 52-week high is $62.89, and its 52-week low is $28.53. Cramer reiterated his buy ranking on Deckers Outdoor, the maker of various types of performance-oriented footwear. Though the company has flown under the radar for several quarters, Cramer believes that it is poised to make a move now that it has posted a positive earnings report and picked up the attention of those on Wall Street.
Federal-Mogul Corp. (NASDAQ:FDML): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on March 6, 2013. The stock’s 52-week high is $17.60, and its 52-week low is $4.80. Cramer was not a fan of Federal-Mogul, a company that works in tandem with the automotive industry to provide solutions to problems in the sector. Cramer said that he didn’t fully comprehend the workings of the company, and that he thought that there were better places to make money in the markets.
Don’t Miss: Earnings Gloom Spreads Over Major Markets.