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TheStreet Open House

Jim Cramer's Stop Trading: Consider Buying Celgene on Friday

NEW YORK (TheStreet) -- Shares of Celgene (CELG) are lower by roughly 4% despite the company beating on top and bottom line estimates and issuing strong guidance. 

On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said the biotech company's management almost always provides conservative guidance. 

"This company has a lot of earnings power. They've got a lot of new drugs," he added. 

The stock will likely be a down a couple of percentage points on Friday. If so, that's when investors should consider buying, Cramer concluded.


-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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