Jim Cramer: Buy Apple, Sell Arctic Cat, and 2 More Stock Picks
Jim Cramer made the following calls on October 28. 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 23. The stock’s 52-week high is $705.07 and its 52-week low is $385.10. Cramer was bullish on Apple in the wake of the company’s earnings report beating out expectations for the past quarter. He also noted that the company’s guidance for the holiday season came in above most predictions, as well. Cramer lamented that Apple’s stock was so dependent on earnings, saying that it would be remain a solid company, but that now is an especially good time to buy moving into the year’s end.
Arctic Cat Inc. (NASDAQ:ACAT): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $58.26 and its 52-week low is $32.12. Cramer discussed Arctic Cat as an example of what happens to a company when it misses its earnings target. With a massive miss of 26 cents, the company put up one of the worst quarters of all time, sending shares plummeting downward by 15 percent. Cramer said that the company simply is not managed as well as others in the winter equipment market, leading to the pessimistic guidance and poor results published this week.
Automatic Data Processing Inc. (NASDAQ:ADP): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $74.51 and its 52-week low is $54.02. Cramer is optimistic about Automatic Data Processing, a stock that has been on the rise since early this month. Cramer said that the company is poised to do well if employment levels can pick up over the coming months and years.
Celldex Therapeutics Inc. (NASDAQ:CLDX): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on October 1. The stock’s 52-week high is $23.92 and its 52-week low is $5.02. Cramer is not a fan of Celldex, saying that despite taking heat for trimming his position in the stock earlier this month, he stands by the call. He continues to be bearish about the name.