Jim Cramer: Sell Coke, Deluxe; Buy Amazon and These 2 Stocks
Jim Cramer made the following calls on July 16th, 2013. What do you think about his picks?
The Coca-Cola Company (NYSE:KO): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on April 17, 2013. The stock’s 52-week high is $43.43, and its 52-week low is $35.58.
After a recently quarterly report which told investors that net revenues declined 3% in the second quarter and 2% year to date, Cramer was frustrated with the stock and told viewers that, “I’m not buying the excuses.” Coke indicated that macroeconomic woes and bad weather have been reasons for the slowdown, but the Mad Money host wants nothing to do with that, and told viewers to get in Pepsico (NYSE:PEP) instead, pointing to a stronger more diverse business model as a catalyst for growth.