Jim Cramer made the following calls on November 15. What do you think about his picks?
BJ’s Restaurants Inc. (NASDAQ:BJRI): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on August 15, 2011. The stock’s 52-week high is $40.99, and its 52-week low is $25.50. Cramer revisited BJ’s Restaurants as an example of a stock that he had gotten wrong in the past. He seemed cautious about the name, saying that it had disappointed in its regional-to-national rollout and that there were other names in the sector that he thought were better picks.
Chipotle Mexican Grill Inc. (NYSE:CMG): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 29. The stock’s 52-week high is $549.50, and its 52-week low is $257.24. Cramer sat down with Jack Hartung, the CFO of Chipotle Mexican Grill, to discuss the company’s future in the face of higher food prices. Hartung said that a price increase may be on the table in the middle of next year but that, for now, Chipotle is content to wait and see what direction prices take before committing to a move. Hartung noted that Chipotle has always competed on quality rather than price anyways, making such a move less likely to have an impact on the company’s sales numbers. Hartung pointed to a number of little factors, including training times for staff to the company’s success, and hinted that sales in Europe looked very promising. Cramer said that while it can be difficult to predict a company’s short-run movements when the share price is so high, Chipotle was a great longer-term pick for investors.
CVS Caremark Corp. (NYSE:CVS): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on August 14. The stock’s 52-week high is $65.70, and its 52-week low is $44.95. Cramer is a fan of CVS Caremark, the owner of not only the pharmacy chain but also a distribution network of prescription drugs. Cramer noted that the company continues to have excellent earnings and that it remains a solid overall pick.
Dominion Resources Inc. (NYSE:D): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on October 7. The stock’s 52-week high is $67.52, and its 52-week low is $49.64. Cramer repeated his buy ranking on Dominion Resources, which has been one of his favorite picks in the energy sector. This time, he compared Dominion favorably to NV Energy (NYSE:NVE), saying that NV had a very small yield, whereas Dominion showed significantly more promise.
Dollar Tree Inc. (NASDAQ:DLTR): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on April 16. The stock’s 52-week high is $60.19, and its 52-week low is $37.47. Cramer included Dollar Tree in his discussion of companies that are due to report earnings in the upcoming week. He pointed to Thursday as the time for Dollar Tree to shine, saying that he expects the company to have done well this past quarter.
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