Apart from big oil, the next big thing on Wall Street during election time is big pharma, said guest hosts Gregg Greenberg and Farnoosh Torabi, on Jim Cramer's
"RealMoney" radio show Monday.
Just as in the case for oil, "if you steal profit away from big pharma, they are not going to look for new drugs," Greenberg said.
It's "hard bringing new drugs to market" because these companies have to keep testing, he went on to say.
Plus, "prices are coming down" in places like
," Torabi said. "The most recent headline in big pharma is the
deal, and they admit that part of the reason they are joining together is to compete against Wal-Mart," she said.
But if the Democrats win, Wal-Mart is "vulnerable" because the company might try to raise the minimum wage, Torabi continued.
In addition to keeping a close watch on whether the Democrats will win the election, as well as on Wal-Mart, it is also important for market players to keep an eye on the dollar, Greenberg said.
The dollar is weaker against the yen, and it's falling against the euro, he said.
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