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NEW YORK ( TheStreet) -- It's out with the new and in with the old, Jim Cramer said on "Mad Money" Monday about the market's rotation out of many of the recent high fliers and into safer stocks that have yet to rally.
Biotech has been on a roll this year but today stocks including Celgene (CELG) and Gilead Sciences (GILD) fell out of favor and old pharma such as Bristol-Myers Squibb (BMY) and Merck (MRK) were the big winners.
Executive Decision: Charif SoukiIn the "Executive Decision" segment, Cramer once again sat down with Charif Souki, chairman, president and CEO of Cheniere Energy (LNG - Get Report), the LNG export company that's up 48% since Cramer last spoke with Souki in January. Souki said everything is still going according to plan, and he's pushing to have the first tankers filled with U.S. natural gas for export by the end of 2015. When asked to respond to criticism the U.S. risks exporting too much of a valuable resource, Souki said the U.S. will always have the domestic advantage as $3 natural gas will incur a $3 shipping charge to get it to other parts of the globe. He said the Cheniere project has been years in the making and has spent billions to help America realize its natural gas potential.
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