What does Jim Cramer have to say these days
March 14th 2010 Posted at Consumer Generated, Finance and credit
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The smartest man in all the land (Jim Cramer) has said today that he doesn’t like the big medical stocks right now. I’m not sure that I agree with him, but maybe that’s why I am writing in a blog right now, and he has just done his 501st show on CNBC. He gives a couple of reasons why, saying that bonds are going down and interest rates are going up is the reason not to make a play with any of the big pharmacy stocks.
I really like the pharmacy sector and I think there are a lot of good plays out there. Just off the top of my head, I really like what Walgreens is doing, and I don’t think you can go wrong there. I believe Walgreens has proven they can thrive in any type of market conditions, and I really don’t see how the rising interest rates or bonds going down could affect their stock right now. He doesn’t mention Walgreens, but names out some of the big companies like Bristol Myers, Merck, Pfizer, and GlaxoSmithKline. It might be that Walgreens is not even in the big pharma stocks, and would be considered more of a retail stock?
