Cramer Says Buy Ford, Nokia, McDonalds, This Stock; Sell Mako
Jim Cramer made the following calls on July 19th, 2013. What do you think about his picks?
Ford Motor Co. (NYSE:F): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 28, 2013. The stock’s 52-week high is $17.29, and its 52-week low is $8.82.
Cramer advocated buying Ford if the stock showed weakness with upcoming earnings, especially if sales in Europe had improved. Ford has gained market share in Europe this year, despite automakers struggling as an industry there amid a prolonged recession. Ford is looking to expand its presence in China, where rival General Motors (NYSE:GM) dominates the market. Earnings are out Wednesday for Ford.
MAKO Surgical Corp. (NASDAQ:MAKO): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on January 3, 2013. The stock’s 52-week high is $13.52, and its 52-week low is $10.00.
Mako was a sell during the infamous lightning round, and Cramer was blunt in his assessment, saying, “Here’s the problem. They’ve disappointed too many times. I’d rather be a seller than a buyer.” However , first quarter financial results showed that Mako had a 26 percent increase in revenue from the same period last year, nearing $25 million.
McDonald’s Corp. (NYSE:MCD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 13, 2013. The stock’s 52-week high is $103.70, and its 52-week low is $83.31.
The fast food giant got the green light from Cramer on Friday, saying that with low expectations, now could be the ideal time to buy. McDonald’s, though, could not beat the street’s estimates, falling short despite growing profit 4 percent. European sales fell 0.1 percent for McDonalds, as well as slipping 0.3 percent in Africa, Asia, and the Middle East. Total earnings reached $1.32 per share, short of the $1.40 expected.
Netflix, Inc. (NASDAQ:NFLX): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 16, 2013. The stock’s 52-week high is $270.31, and its 52-week low is $52.81.
Cramer pointed to the market’s insatiable appetite for growth as a reason to own Netflix, since the company seems to supply an endless amount. Earnings are out today, and hopes are high for the company since all of its in-house shows have been receiving Emmy nominations. The high expectations predict a 20 percent increase in revenue to $1.07 billion from last year, and increased earnings per share, reaching $0.45 per share.
Nokia Corporation (NYSE:NOK): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 2, 2013. The stock’s 52-week high is $4.90, and its 52-week low is $1.67.
Nokia got an endorsement from Cramer, however slight, as he simply pointed out little negative reaction from the stock last time bad quarterly news was reported. Nokia is trying to redefine itself amid a collapsing stock price that has left longtime shareholders searching for answers. The company is hoping that the Windows phones it has developed are the answer, and Cramer thinks the stock is good for another 20 percent gain.
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