Cramer's 'Stop Trading!': Health Care Stocks
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On Tuesday's "Stop Trading!" segment on CNBC, Jim Cramer turned to health care. "This group is going to work for some time," he said. "This is not a one-day trade. This group is going to be right for a long time."
Cramer said it's a misconception that there's no way to play health care under the Obama administration. "You could say, 'Now, Jim, wait a second. All of these stocks are still in health care, and Obama hates health care,'" Cramer said. "I think what we're discovering is that he hates portions of health care."
According to Cramer, what Obama hates is waste, and Cramer had a few suggestions of health care companies that do not produce waste.
His diagnostics play was Quest Diagnostics(DGX Quote), which he said is "historically cheap." "Diagnostics is something Obama believes in," said Cramer. ...
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