Cramer: Buy Yahoo, Wells Fargo, and These 2 Stocks
Jim Cramer made the following calls on July 17th, 2013. What do you think about his picks?
Yahoo! Inc. (NASDAQ:YHOO): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 12, 2013. The stock’s 52-week high is $29.73, and its 52-week low is $14.59.
Yahoo!’s lackluster earnings didn’t deter Cramer from loving the stock, attributing a lot of his optimism to chief executive Marissa Mayer. Mayer has led Yahoo! on a buying spree of startups to acquire the talent working there, specifically purchasing mobile startups. Mayer hopes to lead the company more into this area and Yahoo! looks to better compete with rivals. Cramer also noted their $4.8 billion in cash on hand as reason for optimism, since it will allow them to develop strategies for competitive shortfalls quickly, foremost of which is their decline in advertising revenue.