On tonight’s MAD MONEY on CNBC, Jim Cramer said he’s seen enough earnings from big companies and he is fed up with the Fed sitting around while the US economy is slowing. He wants to show you stocks that are safe and ones that will make you money. This is his "Ultimate Defensive Portfolio" of 3 stocks for tonight. He is looking for companies still growing that are not growing only because of overseas growth. He is unveiling 3 medical related:
1) CR Bard (BCR) is one he’s been behind since 2005, and he is still behind it. He thinks this is a great medical device maker that has 65% of the peripherally inserted catheters and leaders in other catheters. He also likes their biopsy technology and the angioplasty operations. They are mostly #1 or #2 in their markets. In 2005 he thought it would be a takeover target, and he thinks it is still a takeover candidate in 2007. Anyone wanting to buy this company has to do it before the Democrats get to change the merger rules. This one is also in a group that the healthcare spending won’t hit.
Jon C. Ogg
April 30, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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