Jim Cramer's Stop Trading: Waiting on Health Care
The health care space isn't going to turn around until Cardinal Health(CAH Quote) and AmerisourceBergen(ABC Quote) find buyers, Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday.
"These are probably the two most loved health care companies in the country," Cramer said. "Suddenly, there's a buyers strike. You won't get a turn in health care until you see those two stocks go up." Cramer said the current run is getting old in Archer Daniels(AMD Quote), which has risen along with the price of ethanol. "This has become way too much of a momentum name," Cramer said. "This is not Qualcomm(QCOM Quote) in the year 1999." Ciena(CIEN Quote) "has tripled, and now there's not a bid underneath it," Cramer said. "It's falling as if it's Niagara Falls -- inch by inch, step by step." Cramer sees the stock falling to $3.50. For a trade, Cramer likes Alcan(AL Quote), which is "cheaper" than Alcoa(AA Quote).- Loading Comments...
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