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“I want to be in that,” the Mad Money host said during Friday’s Stop Trading!.
Select Medical operates specialty hospitals, focusing on long-term acute care. Cramer called it a “high-priced business” in a sector that has been “red hot.” Some analysts have speculated on how President Obama’s intended reforms would affect Select Medical, but they did much the same about Tenet Healthcare [THC
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], which has been “great” regardless, Cramer said.
Elsewhere in the market, Citigroup on Friday upgraded Procter & Gamble [PG
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] to “buy” from “hold.” Cramer attributed the call to P&G’s willingness to concede that competitors Unilever [UN
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] and Colgate-Palmolive [CL
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] were outperforming the Cincinnati-based firm.
Lastly, the hype over eco-friendly autos batteries right now “feels like ethanol to me,” Cramer said. The demand for stocks related to that plant-based alternative fuel reached a feverish pitch before they was replaced by a different fad.
“I think batteries will be the same,” Cramer said, adding that he thinks natural gas will follow as the market’s newest darling.
Cramer's charitable owns Procter & Gamble.
Call Cramer: 1-800-743-CNBC
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