Go Soros One Better
"Everyone wants to invest like George Soros," Cramer told his viewers. At least, that's what he gathers from the fact that the George Soros portfolio is
But Cramer said he doesn't want to invest like Soros. "I want to be better than Soros!" he said.
For example, Soros owns
(BONT - Get Report), but Cramer wouldn't, because it's "too dicey. ... Maybe it's a long-term Soros pick, because short term it really stinks."
Soros also owns
(CVS - Get Report), which Cramer said he likes after its great Caremark deal, "but I have preferred over and over again
(RAD - Get Report)."
And Soros own
(QCOM - Get Report)
, but Cramer prefers
(TXN - Get Report)
The one Soros stock that Cramer said he really thinks people should be in is diagnostics company
"On 'Mad Money,'" he said, "we're delighted by diagnostics." He owns two diagnostics companies --
Inverness Medical Innovations
(HOLX - Get Report)
-- for his charitable trust,
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As for Gen-Probe, Cramer said it is "instant growth."
It is one of the two major providers of blood-screening tests, with 40% of market share. It also is in an "enviable position with 58% of the market for chlamydia and gonorrhea tests."
In addition, the company has its future all worked out, with alliances with
"Don't invest like George Soros," Cramer said. "Invest better than George Soros. Go buy some Gen-Probe."
In his "Mad Mail" segment, Cramer agreed with one viewer that
is "absolutely" a stock that should be considered for Cramer's $80-to-$120 theory.