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NEW YORK (TheStreet) -- Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
BioMarin Pharmaceutical (BMRN), Radius Health (RDUS), Allergan (AGN): These biotechs were big winners Thursday, Cramer said. BioMarin and Radius unveiled positive results on its respective drugs while Allergan continues to feel the love from its announced buy of Kythera Biopharmaceuticals (KYTH).
Diageo (DEO): Diageo's stock climbed nearly 2% Thursday, and are now up more than 10% over the past two weeks. Why? A report suggested private equity firm 3G Capital was interested in buying the company.
Should you indulge? No way, said Cramer. Diageo, the world's largest producer of hard liquor, "has been a total dog" for the past year and a half, Cramer said. But the idea of a takeover has left many analysts upgrading the stock, including J.P. Morgan, RBC Capital Markets and Credit Suisse.
These analysts felt they had to upgrade the stock because they couldn't risk having a sell rating on a stock that rips higher on a potential takeover announcement, he explained.
However, he said, based on the most recent deals in the space, a potential acquisition could be done at 20 times Diageo's Ebitda for 2014, or $195 per share. That whopping 62% premium seems like too much though, given that sales and shipping volume are on the decline.
Wayfair (W): Cramer said down with Wayfair CEO Niraj Shah. Shares of the online home goods retailer are up a robust 89% so far on the year. Shah, who spoke at a Goldman Sachs conference on Thursday, said the company is looking for revenue of $2 billion for this year, ahead of analysts' expectations for $1.87 billion.
Shah said the company is using superior technology, marketing, operations and merchandising to get ahead in the online commerce market. "You really have to be great at all of them," he added, because one weak link in those four core areas can really drag down results.
For marketing, the company has relied on Facebook, which has been a success for Wayfair when it comes to getting in front of their key demographic. "It's been a really fantastic platform for us," he said. The company doesn't carry any inventory, which is what allows Wayfair to provide consumers with such a vast selection.
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