Jim Cramer's Stop Trading: Waiting on Health Care

 

The healthcare 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 healthcare companies in the country," Cramer said. "Suddenly, there's a buyers strike. You won't get a turn in healthcare 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 its 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).

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At the time of publication, Cramer owned Qualcomm in a charitable trust.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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