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Cramer Likes Eli Lilly, Bristol Myers After Clinton Comments

June 24, 2023
in Trade Tube
Reading Time: 1 min read
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Jim Cramer answers viewers’ Twitter questions from the floor of the New York Stock Exchange, offering his thoughts on VeriFone Systems (PAY), Netflix (NFLX), Freshpet (FRPT), and which pharmaceutical stocks to buy. Cramer was asked if Hillary Clinton’s comments about the pharmaceutical industry would have a long-term effect on health care stocks. Cramer responded that ‘her message is that drug companies are what you beat up on, so I would be careful and recognize the stocks do not reflect her negative opinion yet.’ He added that the two pharma stocks he recommends are Eli Lilly (LLY) and Bristol Myers (BMY). Another viewer wanted to know if VeriFone would find a catalyst in the new EMV requirement, which requires major credit card companies to equip cards with chip technology as an increased security measure. Cramer said he thought VeriFone would get a lift from that, but in the current market environment, it’s not. Cramer noted VeriFone’s last quarter was good. Cramer was also asked if Netflix is a buy, hold or sell. He answered that investors should buy the stock when its below 94 or 95. Send your Twitter questions to Jim Cramer using #CramerQ.

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