Cramer Says Sell Smithfield, These 2 Stocks; Buy Petrobras, Radian, Instead
Jim Cramer made the following calls on July 24th, 2013. What do you think about his picks?
Smithfield Foods Inc. (NYSE:SFD): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $33.96, and its 52-week low is $17.55.
There was no lack of wit during the lightning round either, when Mad Money’s host told ‘Cramerica’ that, “You should take that one off the table.” Smithfield has been treading a tricky path to sell itself to a Chinese company and it is not clear how to deal will pan out. Health and safety concerns loom as well as how the Chinese company will deal with the union representing many of Smithfield’s employees.