On today’s STOP TRADING segment on CNBC, Jim Cramer came out discussing ICD’s in the medical device sector. Cramer said that St. Jude Medical (STJ-NYSE) would be an ideal buyout candidate if you believed the bad news was all priced in. Cramer said it isn’t even impossible that a drug company could do it. Cramer said he’d own options and common stock on this. Cramer even said Amgen (AMGN-NASDAQ) and Boston Scientific (BSX-NYSE) have both bottomed out now that the negative news and negative stories are priced in and not continuing to hurt.
On Costco (COST-NASDAQ), Cramer said he still loves Jim Sinegal as the best CEO in the sector and he applauds the Piper Jaffray upgrade. On Sears that was also noted in the call, Cramer said he likes it still and the Black & Decker (BDK-NYSE) raised guidance will help there.
Cramer still maintains that the housing stocks should all still be sold. More housing starts is actually bad for them according to Cramer and he doesn’t want to touch them.
Jon C. Ogg
April 17, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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