Cramer Notes Medical Stocks That Bottomed

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By Douglas A. McIntyre Published
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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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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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