National-Oilwell Varco, Inc. (NOV) and Flextronics International Ltd. (FLEX) are Interesting Stocks: Jim Cramer

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Larry Robbins, founder of Glenview Capital Management, loves National-Oilwell Varco, Inc. (NYSE:NOV) and Flextronics International Ltd. (NASDAQ:FLEX) and the reasons are obvious these stocks have been doing very well.

National-Oilwell Varco, Inc. (NYSE:NOV), Flextronics International Ltd. (NASDAQ:FLEX), interesting stocks, Jim Cramer, Larry Robbins picks

Jim Cramer discussed these stocks in the “Mad Money” show of CNBC recently and he began with National-Oilwell Varco, Inc. (NYSE:NOV) and why Robbins likes this stock. One of the reasons is that the oil drilling for this company has increased all over the world. This company has spun off the service business and this makes the stock more specific and easier to understand which is similar to Time Warner. National-Oilwell Varco, Inc. (NYSE:NOV)’s stock gained 1.76% yesterday.

“National- Oilwell is emblematic of a trend that is still in force, using a strong balance sheet and low interest rates to borrow money and help retire stock.” Cramer stated.

Cramer mentioned how Robbins thinks that the decision by management of National-Oilwell Varco, Inc. (NYSE:NOV) is a very good one which would push the stock to $100s from current mid $80s mark.

Cramer said that old tech stocks are making a comeback and he mentioned why Robbins likes Flextronics International Ltd. (NASDAQ:FLEX). The stock is currently trading near $11 mark. This company manufactures products for companies like Hewlett-Packard Company (NYSE:HPQ) and Cisco Systems, Inc. (NASDAQ:CSCO). The stock has gained over 38% this year and the company has pledged to buy 20% of its stock annually. The other reasons for buying this stock are it is very cheap at just 9 times earnings with a strong customer base and the buyback makes it a stock to go for according to Cramer.

The key investors in National-Oilwell Varco, Inc. (NYSE:NOV) are Harris Associates and Berkshire Hathaway with about 21.3 million and 8.8 million stock respectively as of March 31st 2014. Interestingly Larry Robbins’ Glenview Capital is a major investor in Flextronics International Ltd. (NASDAQ:FLEX) with over 60.1 million shares.

Disclosure: None

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