Cramer continued with his "Cramerican Marine Field Guide to Recessions" reflecting on the 1990 Playbook (the last time we had a financial meltdown) where healthcare stocks, especially biotech were the winners then, and in Cramer's view are likely to do it again.
On tonight's show we came back to one of my favorite themes, that the idea of "the market" is at best unhelpful. You have to focus on what the big players in the market are buying and selling, and they almost always go by sector. That's why Jim so often uses the Wall Street as fashion show metaphor.
Cramer tells what works in the Wall Street fashion show, what gets the big money guys to turn their heads and say, “ah, I want to own that right now,” or "I want to dump that right now", for the exact situation we’re facing.
Shares of Merck, which have lost more than a third of their value so far this year, are under continued pressure this morning. They were at 60 bucks in early January. Today they're trading around $37. Big pharma analyst Rupesh Patel at UBS is downgrading the Dow component from Buy to Neutral because he thinks it's gonna be "range-bound near-term"...
Ahead of the long holiday weekend I thought this would be as good a time as any to once again go through the "Pharma's Market" mailbag. A couple of blog readers complained about my "short" story about Amgen.
As economies around the world struggle, it's best to stay in defensive areas like health care, according to Markus Ratz, fund manager at Lupus Alpha.
Benefits for elderly health-care providers might trickle down a lot further than you think.
Winning sectors like coal have taken a hit. Who's on top now?
Wall Street overlooks Washington all the time. And that's your opportunity.
Well, figuring out how to profit off it, anyway. Here’s Cramer’s pick.
Allscripts could see tremendous growth when a new Medicare bill is passed.
So, I can now safely say, with complete confidence, that Food and Drug Administration approval of the new Abbott drug-coated stent will not happen in the second quarter. Recently, at least a couple of analysts have been telling clients a decision was getting pushed out until the third quarter and one suggested that Xience won't be launched until Q4.
Fresenius might cash in once the new bill passes.
Some lucky companies will split up $454 billion this year. But who?
On another ugly day for the stock markets, beaten down shares of Dow component Merck rallied. The stock started picking up steam after the news broke late this morning that its late-stage experimental migraine headache drug essentially works just as well as an existing drug, but with fewer side effects.