Jim Cramer: Buy Apple, BioMarin, and These 3 Stocks

Jim Cramer made the following calls on October 21. 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 September 6. The stock’s 52-week high is $633.90 and its 52-week low is $385.10. Cramer said that despite a fairly decent year in terms of products and sales, Apple’s stock has not been dramatically on the upswing this year. Cramer was not upset about this, though, pointing out that since the stock is trading at 12 times earnings, now just might be the time to buy. Cramer also pointed to an upcoming iPad announcement and sales over the holiday season as potential positive catalysts for the company.

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BioMarin Pharmaceutical Inc. (NASDAQ:BMRN): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 2. The stock’s 52-week high is $80.67 and its 52-week low is $36.28. Cramer is a fan of BioMarin, remaining unfazed in his support despite the company receiving bad press for a deal to raise funds earlier this month. If anything, Cramer said, the negativity about BioMarin has created a buying opportunity, making now the time to jump on board before the price rebounds.

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Crown Castle International Corp. (NYSE:CCI): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 18, 2012. The stock’s 52-week high is $81.16 and its 52-week low is $63.42. Cramer was optimistic about Crown Castle in the wake of the announcement that the company will be acquiring 600 cell phone towers from AT&T (NYSE:T). Cramer said that while some have seen the acquisition as a sign to get rid of the stock, he sees the move as adding real value to Crown Castle, and he pointed to upcoming investments in networks by the four major wireless providers as a good sign for the future of the cellular tower sector.

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Salesforce.com (NYSE:CRM): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 4. The stock’s 52-week high is $54.25 and its 52-week low is $34.76. Cramer had good things to say about Salesforce.com, claiming that he thought that it was the strongest player in the sector. Though he believes that there are other, similar plays to be made, Cramer stuck by Salesforce.com as the name to buy despite the stock’s price being so high at the moment.

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General Electric Co. (NYSE:GE): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 23. The stock’s 52-week high is $26.35, and its 52-week low is $19.87. Cramer discussed General Electric to show how a company can receive a boost to its share price even when its earnings report is fairly mundane. For GE, expectations were generally low, meaning that a flat quarter in terms of sales actually beat most expectations on Wall Street. In addition, the earnings report suggests that GE is rolling back GE Capital, a land-holding division that is not thought of as part of its core business model. This consolidation is generally seen as a positive among analysts.

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