In the midst of a market rout, a gainer like
is worth investigating, Jim Cramer said on
"Stop Trading!" segment Friday.
"This is the first day Amgen hasn't gone down," Cramer noted. "Amgen now has a regular pharma multiple without any of the generic competition of the pharmas. The multiple contraction has been extraordinary in biotech. They're now trading like the
Elsewhere, Cramer noted that
weren't trading badly Friday. "Perhaps you can divine from the tea leaves and say, 'They let us down, maybe they're trying to put in a bottom.' "
In retail, Cramer said, mid-tier department stores like
look like buys. "There's a trade going on which says people don't want to buy as much expensive stuff, but also don't want to go to
, noting increasing hedge fund interest in the name and "limited downside" at roughly $4.50 a share.
Regarding gold stocks, "This is day one of a selloff. Have you ever seen a group recover from day one of a selloff?"
Cramer was bearish on
, citing a "horrible" quarter. "They have a bad business model. They're really terrible."
At the time of publication, Cramer was long Microsoft.
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