This has been the best August for the stock market in the past 14 years and it is time to consider the stocks that caught Jim Cramer’s eyes. Jim Cramer recommended each of these stocks at least thrice throughout the month including Gilead Sciences, Inc. (NASDAQ:GILD), Intel Corporation (NASDAQ:INTC), Kinder Morgan Inc (NYSE:KMI), and Monster Beverage Corp (NASDAQ:MNST).
Cramer said that he is a fan of Gilead Sciences, Inc. (NASDAQ:GILD) and despite of the slight slump in its share prices, he is certain that the stock will find a footing soon as new IPOs settle down within the industry. He further said,
“It [Gilead Sciences, Inc. (NASDAQ:GILD)] could be selling at ten times earnings. If the insurers pay, and there is no competition; and the FDA doesn’t like to approve me-too drugs, when they’ve got a drug that’s working.”
Gilead Sciences, Inc. (NASDAQ:GILD) is a biopharmaceutical company with market cap of $162.20 billion.
For Intel Corporation (NASDAQ:INTC), Cramer said,
“Intel is something that will last for the ages.”
The company has struggled with its mobile chip segment; however, the company is bringing in an expert from Qualcomm, Inc. (NASDAQ:QCOM), Amir Faintuch, to set the parameters right. The company acquired LSI Corp (NASDAQ:LIS) for strengthening its stand in the networking infrastructure industry.
Kinder Morgan Inc (NYSE:KMI) is one of the stocks that caught Cramer’s eye this month and he firmly supported Rich Kinder’s, CEO of Kinder Morgan Energy Partners LP (NYSE:KMP), step of consolidating KMI into the parent company. Cramer further said that this consolidation could make it the third-biggest U.S. oil company and its dividend could reach $2 by the start of 2015. Kinder Morgan Inc (NYSE:KMI) is a midstream and energy firm working in North America.
Monster Beverage Corp (NASDAQ:MNST) is a stock that Cramer mentioned several times throughout the week. According to an analysis, Monster Beverage Corp (NASDAQ:MNST) has even outperformed Google Inc (NASDAQ:GOOGL) and it is among the biggest winners of the month with 24.45% increase in share prices.
This article has been written by Prakash Pandey and edited by Serkan Unal.