2019 is off with a bang. 

Jim Cramer tackled the news post-holidays on Thursday, Dec. 3. 

Bristol-Myers Deal 

The first major mergers & acquisitions (M&A) deal was announced Thursday morning when Bristol-Myers Squibb (BMY - Get Report) announced its intent to buy Celgene (CELG - Get Report) for $74 billion.

TheStreet's Martin Baccardax reported on the deal, which was made public before the market opened Thursday.

According to Bristol-Myers, Celgene investors will receive a Bristol-Myers share and $50 for each Celgene holding that they have. Investors would also get a special rights issue that will pay off if the merged group meets certain business targets.

The deal values Celgene at $102.43 each, the companies said, a 53.7% premium to Wednesday's closing price. The combined group -- which will be 69% owned by Bristol-Myers -- would have a portfolio with nine drugs that generate more than $1 billion in sales, the companies said.

Cramer said that he was worried about the deal.

"Celgene has made so many bad acquisitions," Cramer said. "Bristol-Myers has made so many bad acquisitions. I mean, maybe this is the one."

Is Apple Rotting?

Apple (AAPL - Get Report) was another major headline that was making waves in the market as trading opened Thursday morning.

After the bell on Wednesday, Real Money's Stock of the Day, Apple, had an announcement made via CEO Tim Cook.

Baccardax reported that Cook said revenue for the three months ending in December would come in around $84 billion, notably shy of the Street consensus of around $91.5 billion and the company's own previous guidance of between $89 billion and $93 billion. Cook pinned the weaker iPhone demand in China on several factors, including a slowing economy worsened by "rising trade tensions with the United States" and cited high prices tied to the strength of the U.S. dollar, fewer carrier subsidies and customers taking advantage of reduced battery replacements in the softened demand for new iPhones.

TheStreet's tech columnist, Eric Jhonsa, gave his top takeaways from the Apple announcement.

  • China Weighed Heavily on Results
  • iPhone Sales Were Under Pressure Outside of China as Well
  • Services and Wearables Remain Growth Engines
  • iPads Also Outperformed
  • The Installed Base Continues to Grow Meaningfully
  • Stock Buybacks Remained Aggressive -- and Are Likely to Stay That Way

"I would be afraid to buy Apple if I lived [in China]. Because the communist party is all-seeing and all-knowing," Cramer said.


He also noted that he and his team had previously called that Apple would miss the quarter back in Action Alerts Plus's December monthly call, which you can find here.

Apple is a holding in Cramer's Action Alerts Plus