On Thursday's "Mad Money" TV show, Jim Cramer said that while Celgene's (CELG Quote) stock is not doing very well, the company is doing just fine.
The stock is trading near its 52-week low. Earlier this week, it reported disappointing earnings and lowered its outlook. But Cramer, who owns Celgene for his Action Alerts PLUS charitable trust, says the company's fundamentals are still strong, it has excellent management and $3.1 billion in cash, and its earnings should grow 20% for 2009.
The stock closed up $1.38, or 3.4%, at $42.15 on Friday.
In the Sell Block on Thursday was U.S. Oil(USO Quote). Cramer said that oil ETFs were some of the worst investments viewers could make. U.S. Oil, for example, had fallen at almost twice the rate of crude oil since the fund's inception -- 54% vs. crude oil's 23%. He told viewers to stay away. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
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UP
20.63
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UP
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UP
31.64
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UP
0.59
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10 Yr
3.55%
SPDR Gold
108.95
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+0.20%
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+0.58%
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+1.45%
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+1.69%
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