Jim Cramer: Buy Apple, Sell AMD, and 2 More Stock Picks

Jim Cramer made the following calls on November 11th, 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 29, 2013. The stock’s 52-week high is $594.59, and its 52-week low is $385.10. Cramer was not slow to recommend Apple, a perennial favorite of his. He said that doing an acquisition could be a potential move for the company, as it would earn Apple more respect from analysts and investors alike.

AAPL-20131112

Advanced Micro Devices, Inc. (NYSE:AMD): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on October 2, 2013. The stock’s 52-week high is $4.65, and its 52-week low is $1.81. Cramer reversed his opinion on Advanced Micro Devices, saying that now was not the time to be an investor of the stock. He referred to the stock as a “one trick pony,” meaning that it has had its moment, but now other opportunities must be looked for.

AMD-20131112

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on September 17, 2013. The stock’s 52-week high is $11.00, and its 52-week low is $4.05. Cramer could not recommend Arena Pharmaceuticals, claiming that there were better names in the sector to be involved in. The stock was trading up over the past few days, posting a gains of over 10 percent as trading volumes soared.

ARNA-20131112

Celgene Corporation (NASDAQ:CELG): 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 $161.64, and its 52-week low is $73.27. Cramer noted that Celgene was one of the hottest biotech stocks on the market right now. Despite some analysts turning bearish toward the year’s end, Cramer said that a company like Celgene is one that should hold its value nicely even if negative sentiments do happen to take hold in the markets.

CELD-20131113

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