Obama's Favorite Health Care Stock?
Cramer fave Allscripts is up 51% since his Oct. 17 call, and with $20 billion set aside for healthcare IT in Obama’s stimulus, this stock could go higher.
There are some concerns, though. No doubt that $825 billion stimulus could generate some serious profits for MDRX , but what if Congress doesn’t approve the bill? And as good as Allscripts is performing – it beat the Street’s fiscal second-quarter estimates back on Jan. 8 – hospitals just aren’t in a spending mood right now. That’s bad news for this company.
So what does this mean for Allscripts? Cramer invited CEO Glenn Tullman on the show to find out. Watch the video to find out what the chief executive had to say about President Obama, white-collar job creation and potential business with Apple and Google.
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