Jim Cramer's Stop Trading! Buy Celgene
Buy Celgene (CELG), Jim Cramer said Monday on CNBC's "Stop Trading!" segment.
Cramer said he believes that research unveiled this weekend on the company's Revlimid cancer drug shows that the stock has great upside. But Monday's flat stock performance shows the development is a "tree falling in the woods." Cramer believes the stock, up 50% over the last year at $61 and change, is "ready to roll again." Cramer also likes Wal-Mart (WMT), saying the stock's second straight 3% daily gain isn't a reason to wait for a pullback. Cramer said he agrees with an HSBC analyst's call that the stock could go to $61 in the next year from $50 and change Monday. Cramer believes a Bear Stearns analyst's upgrade of Sirius (SIRI) is a "big call" and that the analyst's track record should make investors take notice. Cramer said the call isn't working Monday, with the stock down 3 cents at $2.85, but he believes it could turn around and hit Bear's $4 price target.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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