Jim Cramer: Buy Apple and Boeing, and 3 More Stock Picks

Jim Cramer made the following calls on October 23rd, 2013. What do you think about his picks?

Apple Inc. (NASDAQ:AAPL): 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 $705.07, and its 52-week low is $385.10. Cramer pointed to Apple as a stock that one could own when markets are volatile on a day-to-day basis, as appears to be the case at the moment. Cramer noted that Apple is a company that he owns for his charitable trust for that very reason.

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Boeing Co. (NYSE:BA): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 18, 2013. The stock’s 52-week high is $111.33, and its 52-week low is $69.03. Yesterday was a good day for one of Cramer’s all-time favorite stocks, Boeing. He wasn’t slow to recommend the aerospace giant, which reported 12 percent profits in the third quarter of this year and a positively revised guidance for the full year in earnings reports released this week.

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American Electric Power Co., Inc. (NYSE:AEP): 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 $51.60, and its 52-week low is $40.56. Cramer noted American Electric Power as one of the few winners in an overall bearish day for markets yesterday. Several power companies seem to have been able to dodge the depression, instead posting modest upticks between the opening and closing bells.

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Caterpillar Inc. (NYSE:CAT): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on May 3, 2013. The stock’s 52-week high is $99.70, and its 52-week low is $79.49. Cramer was pessimistic about Caterpillar, saying that the stock was not one to own in the wake of the company’s disappointing earnings report. Cramer had said earlier this week that there were better names in the construction and machinery businesses.

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Consolidated Edison Inc. (NYSE:ED): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 7, 2013. The stock’s 52-week high is $64.03, and its 52-week low is $53.63. Cramer included ConEd in his list of companies that performed well during a troubled day for the markets as a whole. ConEd continued its upward trend this month yesterday, climbing nearly to $58 per share.

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