“I think this is a real move,” Cramer said. “I think it goes much, much higher.”
Cramer recommended Agnico-Eagle Mines as a play on gold, as it’s the cheapest of the big mining companies.
Investors should take advantage of this dip in Celgene’s share price, Cramer said. The company took a hit when research showed Celgene’s Revlimid drug, which fights a type of blood cancer, caused more occurrences of observed secondary malignancies in patients who received a maintenance dose of the treatment compared to those who received a placebo. But Cramer thinks that Revlimid offers such strong “life-affirming and life-lengthening characteristics” that most patients won’t pass on the drug even if there is a chance that a small percentage of users runs the risk of developing new cancer.
“So I really think this is the opportunity” to buy the stock on a discount, Cramer said.
There’s talk that Riverbed Technology or Hewlett-Packard wants to buy Radware, which sent shares of the latter spiking about 21 percent Monday on the speculation. The stock trades at $39 and change, and Cramer said he thought a takeover price in the mid-$40s was likely if the deal happens.
Finally, Consumer Reports has rated AT&T the worst wireless carrier. The company responded with a statement saying, “We take this seriously and we continually look for new ways to improve the customer experience. Our dropped call rate is within 1/10 of a percent—the equivalent of just one call in a thousand—of the industry leader.”
But the way Cramer sees it, AT&T shouldn’t be talking about the small percentages that it’s behind Verizon . It should be talking about leapfrogging Verizon entirely.
“That’s what you want to hear,” he said.
Cramer finished by stating that Apple , which sells products through both AT&T and Verizon, was a cheap stock that investors should consider buying.
--The Associated Press contributed to this report.
When this story published, Cramer’s charitable trust owned Apple.
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