Cramer's Biotech Stock Picks For A Soft Economy
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Date updated:07-02-2008

We're seeing a repeat cycle for biotech stocks, Jim Cramer told viewers of CNBC's "Stop Trading" segment Monday.

symbol name last price % change open
  • +
  • GILD
    Gilead Sciences
  • $46.39
  • -0.28%
  • $46.27

Cramer said his favorite play is Gilead (GILD).

People owning GILD also tend to own: ACASAINVARCCAUBACCELFCX

TheStreet.com Rating: B- What is this?

  • +
  • CELG
    Celgene Corporati
  • $54.91
  • +0.66%
  • $54.42

Cramer pointed out that biotech stocks like Gilead (GILD), Celgene (CELG), Amgen (AMGN), Merck (MRK) and Genentech (DNA) are all trading higher. “This makes sense when you consider the calendar in 1990 and where we are troughing,” Cramer said. “It’s most likely a bet that the economy’s really going to be soft. If it plays out the way it did in 1990, you’ve got a six-month move here,” he continued.

People owning CELG also tend to own: ACLALXNBMRNCVHCVSESRXGENZ

TheStreet.com Rating: B- What is this?

  • +
  • AMGN
    Amgen Inc.
  • $55.38
  • -1.21%
  • $55.69

Cramer pointed out that biotech stocks like Gilead (GILD), Celgene (CELG), Amgen (AMGN), Merck (MRK) and Genentech (DNA) are all trading higher. “This makes sense when you consider the calendar in 1990 and where we are troughing,” Cramer said. “It’s most likely a bet that the economy’s really going to be soft. If it plays out the way it did in 1990, you’ve got a six-month move here,” he continued.

People owning AMGN also tend to own: APABACCCOPCVXDOWDRE

TheStreet.com Rating: B What is this?

  • +
  • MRK
    Merck Co Inc
  • $36.46
  • +3.20%
  • $35.45

Cramer pointed out that biotech stocks like Gilead (GILD), Celgene (CELG), Amgen (AMGN), Merck (MRK) and Genentech (DNA) are all trading higher. “This makes sense when you consider the calendar in 1990 and where we are troughing,” Cramer said. “It’s most likely a bet that the economy’s really going to be soft. If it plays out the way it did in 1990, you’ve got a six-month move here,” he continued.

People owning MRK also tend to own: CCATDEFNMFREGEKO

TheStreet.com Rating: B- What is this?

  • +
  • DNA
    N/a
  • $80.43
  • 0.00
  • $80.43

Cramer pointed out that biotech stocks like Gilead (GILD), Celgene (CELG), Amgen (AMGN), Merck (MRK) and Genentech (DNA) are all trading higher. “This makes sense when you consider the calendar in 1990 and where we are troughing,” Cramer said. “It’s most likely a bet that the economy’s really going to be soft. If it plays out the way it did in 1990, you’ve got a six-month move here,” he continued.

People owning DNA also tend to own: AAPLDSCMGOOGXOMDWELXGLW

TheStreet.com Rating: No Rating What is this?

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