Health and Healthcare
Cramer Calls Hansen Medical the Next Intuitive Surgical
Published:
On CNBC’s MAD MONEY, Cramer said he is unveiling a medical delivery technology company and will be doing this as part of a new series. He is reviewing Hansen Medical (HNSN-NASDAQ), but you have to be careful because it is a very small cap stock and you’ll need one of their catheters if you are jumping in after-hours trading and you should wait a couple or few days. He thinks this could be the next Intuitive Surgical (ISRG). This is in the non-pharma healthcare sector and will be partially immune to democratic attempts to take away profits from drug companies. The company makes robotic catheter systems that doctors and nurses don’t have the same issues with in regular catheters. They are targeting patients with irregular heart beats and there are more than 5 million people with this in the US. He thinks the product will be approved in the EU first in the first half of this year, and then he thinks it will be approved in the second half of the year here in the US. Stereotaxis (STXS) is the only competitor and Hansen’s machines are cheaper. Intuitive Surgical (ISRG) co-founders are the founders of Hansen and those guys have a monster track record with more than a 1,000% return since coming public.
Jon C. Ogg
March 12, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.