The stock market closed on a low last week as attention shifted to Warren Buffett, who was to issue his annual letter over the weekend. That did not stop CNBC’s Jim Cramer from looking ahead and reiterating WhiteWave Foods Co (NYSE:WWAV) and Monster Beverage Corp (NASDAQ:MNST) as strong buys in the organic and inorganic food industries.
WhiteWave Foods Co (NYSE:WWAV) and Monster Beverage Corp (NASDAQ:MNST) command the same growth trajectories according to Cramer despite being completely different with great potential of surging even further going forward.
“WhiteWave Foods Co (NYSE:WWAV) and Monster Beverage Corp (NASDAQ:MNST) are on the move. They are two stocks that can still be bought, two stocks that are a total go to the next time Greece flairs or China slows or the Fed raises rates,” said Mr. Cramer
Whitewave focusing on organic foods and Monster Beverage Corp (NASDAQ:MNST) being an inorganic company continue to move more products contrary to expectations something that should translate to impressive earnings this quarter. The Mad Money host maintains the two are a must own stock either based on their earnings or takeover basis.
Despite appearing to have an inline quarter on reporting earnings a few weeks back, WhiteWave Foods Co (NYSE:WWAV)remains on track as it continues to ramp up factories to meet demand for its plant-based beverages. Demand for things like soy milk continues to grow something that should benefit the company’s earnings going forward.
Monster Beverage Corp (NASDAQ:MNST) on the other hand had an impressive last quarter seen by an 11.3% growth in its convenience stores as the company looks to grow its market cap.
A cautious outlook by Lending Club Corp (NYSE:LC) remains a point of concern not only to shareholders but also Cramer, who remains pessimistic about the company’s long-term prospects. Despite delivering quarterly earnings that met the Street estimates the stock plummeted by double digits something that remains a point of concern for the Mad Money host
“I don’t care where the stock has been; I care where it is going to. I do think that the stock is going to have a rocky time here,” said Mr. Cramer
Paylocity Holding Corp (NASDAQ:PCTY) received Cramer’s boot as possible sell as the management software solution space continues to be competitive. A10 Networks Inc (NYSE:ATEN) also remains a sell according to Cramer. With regards to NXP Semiconductors NV (NASDAQ:NXPI), Cramer believes a buy trigger should be initiated once the stock clocks the $80 a share mark. The ongoing uncertainty over oil prices according to Cramer makes Pengrowth Energy Corp (USA) (NYSE:PGH) a no-go zone at the moment.
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