Jim Cramer: Buy Pandora, Kinder Morgan, Kodiak Oil, and These 2 Stocks
Jim Cramer made the following calls on September 6th, 2013. What do you think about his picks?
Pandora Media Inc (NYSE:P): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Sell on December 21, 2012. The stock’s 52-week high is $21.98, and its 52-week low is $7.08. Pandora faces increasing competition from services such as XboxMusic and Spotify, who announced that they are seeking funding for a valuation that places them ahead of Pandora. However, profit margins for Spotify, the Pandora competitor, remain in the red due to licensing costs.