Finally, Cramer was bullish on
, one of the few biotechs with a five-year plan and one that trades at just 25 times earnings with a 32% growth rate.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer responded to the surprising $5 drop in oil futures at the end of trading Monday and the resulting drop in many oil service stocks.
Cramer reminded viewers that between 2008 and 2009, the price of oil fell by almost $100 a barrel. Yet, during that same time almost no oil-related projects got canceled. Why? Because oil companies take a long-term view and there simply isn't a glut of oil anywhere on the planet.
Cramer said the selling in
National Oilwell Varco
(NOV - Get Report)
(SLB - Get Report)
is just wrong and he expects both these names to rebound in a few days.
--Written by Scott Rutt in Washington, D.C.
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