NEW YORK (
) -- The BlackBerry outage last night could be good news for
Android phone, Jim Cramer said during his
segment on CNBC Wednesday.
Cramer said most BlackBerry users get their devices through
. In that case, if they plan to stay with the service, they may decide to sample the Droid.
But Cramer did say that
Research in Motion's
BlackBerry is such a beloved product among consumers that investors shouldn't be quick to dismiss the company.
said Wednesday that it cut its full-year outlook due to the spinoff of
Mead Johnson Nutrition
But Cramer urged investors to buy and hold Bristol-Meyers stock. "This was not a real earnings decline, just an adjustment," he said.
The company still has prospects for high-yield growth through acquisitions. Also, its CEO is a real moneymaker, Cramer said, and healthcare reform is a good thing for pharmaceutical companies.
is another healthcare name recommended by Cramer.
While the market was disappointed about the housing numbers released this morning, Cramer said it wasn't that bad. He's looking for equilibrium in the housing sector; as of now, few new homes are being built and foreclosures are being worked off.
Reported by Jeanine Poggi in New York.
Follow TheStreet.com on
and become a fan on
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.