Domino’s Pizza, Inc. (NYSE:DPZ) and First Solar, Inc. (NASDAQ:FSLR) are among the recent favorite stock picks of Jim Cramer considering the fact that he mentioned these stocks at least twice in the last 10 days.
Domino’s Pizza, Inc. (NYSE:DPZ), one of the world’s leading pizza delivery chain, has offered year-to-date returns of 20% in 2014. Cramer said that Domino’s has offered strong results for its shareholders and it is a definite buy for investors. In addition to it, the pizza delivery chain announced its third quarter 2014 results marking exciting growth figures. Net revenue during the third quarter 2014 was $35.6 million with a 10.5% increase over the prior year quarter and the company reported diluted earnings per share of 63 cents.
The pizza store reported growth of 7.7% in its domestic store sale and 7.1% sales growth in its international unit. During the third quarter, Domino’s Pizza, Inc. (NYSE:DPZ) added 160 stores to its total number of stores.
First Solar, Inc. (NASDAQ:FSLR) is another favorite stock pick of Cramer and he has mentioned this stock twice during the last 10 days. While talking about Vivint Solar Holdings Inc (NYSE:VSLR) in the Lighting Round of Mad Money, Cramer said, “No. With First Solar (FSLR) getting hit, I’m not going with this one.” First Solar was in his buy list during the last week’s Lighting Round as well.
First Solar, Inc. (NASDAQ:FSLR) reported net sales of $544 million during its second quarter 2014 and GAAP earnings of 4 cents per fully diluted share. During the second quarter 2014, the company made cell efficiency world record with 21.0% efficiency for Cdte. There was no change in its yearly earnings guidance or EPS $2.40 to $2.80. Earlier, a report from Seeking Alpha promised an excellent future for First Solar in India considering the solar power expansion plans of the Indian government.
This article has been written by Prakash Pandey.