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Cramer's TheStreet.com TV: Pfizer Decline, Fall

Stock quotes in this article: PFE , AMGN , CELG , BK , MEL , WFC  

This is a recap of Jim Cramer's market update video on TheStreet.com TV, filmed Monday morning.

"Everyone's focused on pharma and the decline and fall of Pfizer (PFE Quote)," Jim Cramer said on his TheStreet.com TV video, "Wave of M&A" Monday morning.

Pfizer needs to buy another company now because it needs growth, he said, adding that there's "a wave of M&A coming." Moreover, Cramer said the drug company should consider buying Amgen (AMGN Quote) or Celgene (CELG Quote) as it's "a wounded animal."

Back in his "Health Care Rally" video, which aired on Nov. 30, Cramer had warned viewers that he believed Pfizer was out to "fool everybody." ...

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