Mad Money Mailbag: Avon's No A-Lister
Editor's Note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EDT on CNBC.
I'm looking to move some money out of CDs. Where do you think Avon Products (AVP) - Get Report is headed?-- Peggy from North Carolina
James J. Cramer:
Even though I like the current growth prospects in Latin America, where the company has a sizable presence, I believe that investors should focus elsewhere. The cosmetics companies all have been struggling of late as consumer giants like
Procter & Gamble
(PG) - Get Report
are gradually exerting their size across every major category.
What is your take on Amgen (AMGN) - Get Report? Can it reach $90 a share?-- Adrian from California
James J. Cramer:
Amgen remains one of my favorite biotech stocks in the market. The company has a better pipeline than any major drugmaker out there, yet better earnings visibility than the smaller biotech firms can offer. With that in mind, I do believe that Amgen could eventually trade up toward $90.
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