Jim Cramer made the following calls on October 8. What do you think about his picks?
Cedar Fair LP (NYSE:FUN): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 1. The stock’s 52-week high is $44.49, and its 52-week low is $30.90. Cramer is a fan of Cedar Fair, the amusement park operator with a story that has been driven by high levels of growth. Earlier this week, the company announced record revenues for the first half of the 2013 fiscal year.
GameStop Corp. (NYSE:GME): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 7. The stock’s 52-week high is $56.08, and its 52-week low is $21.41. Cramer reiterated his Buy ranking on GameStop, though this time for a different reason than on Tuesday. While the company is showing poise with new console systems set to fuel sales in the fourth quarter, Cramer on Wednesday pointed to the GameStop’s share buyback program as a reason why holding the stock during uncertain times for markets could be a worthwhile strategy.
Globe Specialty Metals Inc. (NASDAQ:GSM): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on July 10, 2012. The stock’s 52-week high is $16.24, and its 52-week low is $10.57. Cramer is optimistic about Globe Specialty Metals, and he said that he thinks the company is working just as it’s supposed to. He also didn’t think that it was too late to invest, with Globe’s stock having been on the upswing since July.
Himax Technologies Inc. (NASDAQ:HIMX): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 3. The stock’s 52-week high is $11.49, and its 52-week low is $1.77. Cramer participated in an extensive discussion of Himax with his colleague Bob Lang. The two noted the sharp rise in the stock’s value since it was announced that Himax’s technology was being used in Google (NASDAQ:GOOG) Glass. Despite this, Cramer argued that it was still a good pick because it had more room to grow and because its dividend provides a shield against a potential drop in value of the shares.
Pioneer Natural Resources Co. (NYSE:PXD): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on August 28. The stock’s 52-week high is $202.81, and its 52-week low is $99.75. Cramer sat down with Scott Sheffield, the chairman and CEO of Pioneer Natural Resources, who discussed his company’s decision to focus on regions in the Permian Basin. Sheffield said that the basin offers eight different sub-regions where oil can be found, meaning that it will be able to produce oil on a long-term basis. Cramer praised the company, giving it is his stamp of approval and saying that it is one of the leaders in the move toward U.S. energy independence.
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