If you want to play it safe in this market, than Paris-based drug company Sanofi-Aventis is for you, Cramer said Monday.
The stock got pounded earlier in the day, but CEO Chris Viehbacher told the “Mad Money” host that’s because people aren’t paying attention to the fundamentals right now.
“Nothing has fundamentally changed with the company,” he said. “People are just worried about the overall European context.”
Cramer agreed. “This is exactly the kind of stock you should buy the next time Europe drags it down,” he said, “because it bounces right back.”
To see Cramer’s full interview with CEO Chris Viehbacher, watch the video!
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When this story was published, Cramer’s charitable trust owned Sanofi-Aventis.
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