Cramer's 'Mad Money' Follow-Up: BD, Baxter

Here's how Becton, Dickinson and Co. and Baxter International did in Monday trading.
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Jim Cramer identified Becton, Dickinson and Co. (BDX) - Get Report and Baxter International (BAX) - Get Report as two stocks worth considering on his "Mad Money" show Friday night. Both companies traded lower Monday.

On Monday, shares of BD closed lower, down $1.81, or 2.82% to $62.34. Shares of Baxter closed lower, down $0.87, or 1.68% to $51.05.

Cramer said both companies don't make obscenely expensive drugs or devices, and aren't a target for Medicare gouging. Instead, both companies focus on basic hospital supplies -- BD gets 58% of its revenue from basic hospital supplies and Baxter derives 37% of its revenue from basic hospital supplies.

According to Cramer, the basic hospital supplies business is not only Obama resistant, but also recession resistant.

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Cramer said both companies are trading at an "Obama discount," at the low end of their historical valuations and that he'd be a buyer of both names.

At the time of publication, Cramer had no positions in the stocks mentioned.

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