Jim Cramer Says AbbVie Will Benefit Return of Elective Surgeries
Jim Cramer says that his Action Alerts PLUS portfolio loves AbbVie.
Just last week, in his daily column over on Real Money, Cramer broke down for investors his thoughts on AbbVie.
"If things are truly getting better and you think that they won't get worse if people come out of their houses and start leading their lives with the exception in a regular fashion, hopefully wearing a mask, which the CDC misled us into thinking didn't work, and practicing physical distancing, then I think it's time to let some businesses open up but maybe close others. In many states doctors and dentists haven't been able to work. They know how to wear masks. It's time for dermatologists to make a living again. In fact, I suggest you own AbbVie (ABBV) , which is buying Allergan (AGN) , in large part because of its botox franchise. It's elective, it's cash pay and it's viewed as a necessity for many," Cramer wrote.
Cramer broke it down further for TheStreet's Katherine Ross in the video above.
Watch the full video above for more.
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