Homepage / Technology / Cramer Remix: Johnson & Johnson is out of battleground territory
Les Gambling establishments en Ligne en France 2024 200% Reward + 300 Free Rotates LevelUp Internet casino Melbourne En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi Le meilleur casino en ligne franзais Extra Casino avec le dйpфt minimal le in addition bas Yeni Casino Siteleri ᐈ Çevrimiçi Kumarhaneler Mart 2024 Les gambling establishments en ligne proposent une grande variйtй de jeux de internet casino gratuits. Türkiye’deki Resmi Web Sitesi Google Play, Türkiye’de kumar oyunlarına izin verecek Her Gün Tatil Olsa ORDU’DA PAZARTESİ GÜNÜ FINDIK FİYATI NASIL? كازينو اون لاين الكازينوهات الممتازة على الإنترنت ألعاب الكازينو المباشرة مينا كازينو العر Google Play, Türkiye’de kumar oyunlarına izin verecek Domain Sorgulama & Domain Fýrsatlarý Canlı Casino Siteleri: 2024 Güvenilir Siteler Seçilmiştir Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın 1xbet Türkiye Giriş Empieza Kayıt 202 Kumar Ve Kumarhaneler Hakkında Pek İlginç 21 Bilgi Kumarhane Doğru Yazımı Nedir? Tdk Ile Kumarhane Kelimesinin Doğru Yazılışı! Mobilbahiste En İyi Kumar Bonusları Ve Kazançlar Mobilbahis Giriş Sayfası On Line Casino Siteleri En Iyi Casino Siteleri 2024 Mostbet: Türkiye’de Internet Casino Mostbet Online Slotlar Ve Canlı-casin Pin Up Casino Oyna Türkiye, Pinup’un Sah Web Sites Ifade Haberleri Son Dakika Ifade Hakkında Güncel Haber Ve Bilgiler “önceliğimiz Transferin Önünü Açmak, Görüştüğümüz Yerler Var” On Line Casino Nuh’un Gemisi Deluxe Resort & Spa, Kıbrıs Bonus Veren Siteler 3 000 Den Fazla Online Oyunu Ücretsiz Oyna En Tehlikeli Kumar Oyunu Ekşi Sözlük Deneme Bonusu Veren Siteler Deneme Bonusu 2024 Explore the Magic of WildCardCity Güvenilir Bahis Siteleri En İyi Kumar Siteleri Balıkesir Triatlonuna Avrupadan Ödül Tricks of the Aviator gambling establishment game by Spribe Çevrim Içi Kumar Siteleri “bonus” Yalanıyla Kandırıyor En Güvenilir Canlı On Line Casino Siteleri Xbetting-tips Com Uncovering the Abundant Tapestry of Ozwin Gambling establishment Evaluating Board Portal Providers Uncovering the Wealthy Tapestry of Ozwin On line casino Electronic Data Area Providers Evaluation Cobra Internet casino: Raising the Australian On the internet Video gaming Practical experience 4 Things to Search for in Safeguarded Cloud Safe-keeping Fastpay On line casino Australia – Simple and No-Taxation Wagering Web page officielle franзaise de Joka Gambling establishment The Software Development Universe Game Woo Internet casino – Enjoy Slot machine games around australia Ostdeutsche Biersorten What Are Virtual Data Rooms? Vitamin D Receptor Polymorphisms Revue du Casino BlackLabel Faktory, kterй ovlivnujн hodnocenн ceskэch online kasin How to Make the Most of Your Web Development Organization and Advertising Efforts L’essor des casinos en ligne en France Boost Meeting Efficiency With Boardroom Technology Developments WildJoker Casino WildCardCity On line casino – Guaranteed Australian Gambling Portal WildCardCity Casino – The Ideal On the internet Gambling establishment within australia Modern Technologies Produce Sharing Documents Online Faster and More Protect Free Virtual Info Room pertaining to Speedy Due Diligence A Review of Data Area Software For people who do buiness Five Board Bedroom Features Which will help You Acquire a More Productive Boardroom Electronic Systems To your Business Understanding Legal Terms and Laws in Today’s World The Laws and Contracts of Hollywood: A Sunset Blvd. Tale Legal Discussion Between Johnny Cash and Antonin Scalia Legal Insights: What Teens Should Know Legal Issues and Exceptions: What You Need to Know Legal Insights and Expert Analysis Celebrity Dialogue: Legal Matters in the 21st Century Famous Personalities Discuss Legal Issues The Boys in the Boat: Legal Advisors and The Quest for Legal Knowledge Understanding Legal Matters: Q&A on Criminal Law, Joint Ventures, and More Enticing Title The Departed: Understanding Basic Work Requirements and Legal Rights Youth Slang Blog Article Legal Insights: A Journey into the World of Law The Ins and Outs of Legal Matters: Everything You Need to Know Legal Insights and Trends: A Rap Guide Mysterious Legal Matters Unveiled Insights and Information: Understanding Various Laws and Regulations Famous People of the 21st Century The Circle of Legal Life The Intersection of Fashion Law, Legal Translation, and THC Oil: A Modern Legal Guide Legal Q&A: Understanding Joinder Federal Rules and More Understanding Legal Terms and Conditions: A Comprehensive Guide Understanding Legal Documentation in a Fun Way! Understanding Legal Aspects: From Islamic Law of Inheritance to Farm Law Protests Understanding Legal Rights: A Guide to Legal Regulations and Requirements Understanding Legal Guidelines and Agreements Famous 21st Century People in Conversation Mysterious Legal Matters Unveiled Legal Matters and Real Estate: A Conversation Between Cameron Boyce and Donald Trump Understanding Legal Expertise and Why It Matters Legal FAQs and Expert Services Understanding Legal Ramifications: Common Law Ontario Health Benefits and More The Ins and Outs of Legal Requirements: From FBI Academy Physical Requirements to Silver Lake Fishing Rules The Legal Underworld: Understanding the Significance of Laws and Rights Legal Conversations: A Dialogue Between Jon Jones and Chadwick Boseman Legal Beats: Bobcats, Real Estate, Babysitting, and More

Technology

Cramer Remix: Johnson & Johnson is out of battleground territory

If you ask CNBC’s Jim Cramer, Johnson & Johnson’s earnings report and subsequent rally settled the bull-bear divide that has plagued its stock recently.

“First, though, let’s talk about why the stock became so contentious. Part of it simply comes down to the fact that, even though JNJ is an incredibly well-run company that’s in fabulous shape, it belongs to a cohort that hasn’t been getting much love lately, the recession-proof space,” the “Mad Money” host said.

Because the global economy is expanding, Cramer said analysts are less inclined to upgrade Johnson & Johnson’s stock when they can upgrade industrial or technology names instead.

But after a strong earnings report, which showed over 15 percent growth in Johnson & Johnson’s pharmaceutical business, Cramer said the debate is settled.

“While JNJ has been a real battleground in recent months, after yesterday’s phenomenal quarter, the bulls have scored a decisive victory,” he said. “Not all opinions are created equal in the stock market, but it sure does make it tough on you, doesn’t it? Eventually someone is going to be right and someone else will be wrong. With JNJ, yesterday’s quarter tells us the bulls were right, and I think the stock could have more upside here.”

U.S. Treasury Secretary Steven Mnuchin may have cautioned that the stock market will drop if tax reform is not passed, but Cramer isn’t buying it.

“Look, I appreciate [that] he’s trying to get Congress motivated, but just on the facts, I think he’s quite wrong. The truth is, most executives don’t believe tax reform is coming. It’s simply not integral to this market. Yes, they’ve lost faith,” Cramer said.

As such, Cramer advised investors against counting on tax reform for stock gains. Expectations of tax reform would have benefited retail, restaurant, cable and entertainment stocks, which currently represent the market’s weakest group.

Instead, they should keep an eye on the federal government’s other moves, he said.

After IBM’s better-than-expected earnings report fueled the stock’s biggest jump in eight years, CFO Martin Schroeter told CNBC that a weaker U.S. dollar could be a continual driver for IBM.

“We now have, for the first time in probably five years, a good tailwind in terms of the dollar,” Schroeter told Cramer on Wednesday.

When the dollar weakens relative to foreign currencies, companies’ earnings translate into more dollars stateside. Schroeter said that two-thirds of IBM’s business is done outside of the United States, so a weak dollar would be additive to the technology giant’s earnings per share.

“We have a global platform. Part of the reason people come to us for our services business and part of the [reason] people come to us for our maintenance business is because of the global platform we can deliver,” the CFO said. “Hopefully, we’re in a longer term sustainable trend.”

Cramer finds that the defining thing about the FANG stocks, his acronym for Facebook, Amazon, Netflix and Google, now Alphabet, is that they are always “in motion.”

“Whether it be the imminent decision by Amazon to go into drug stores — those stocks indicate a very near-term threat — or the multiple price target increases for Netflix after that barn-burner of a quarter or a terrific new Google phone to rival Apple, there’s always something going on with these stocks,” he said.

So, when Facebook said it acquired anonymous polling app tbh, Cramer felt the largely unnoticed deal was worth looking into.

Finally, Cramer spoke to BioMarin Chairman and CEO JJ Bienaime, who shed light on his pharmaceutical company’s latest developments.

“We had a very exciting update today about our entire pipeline, but hemophilia and gene therapy was obviously a very important highlight,” Bienaime told Cramer on Wednesday. “We now have a green light from regulatory authorities in the U.S. and Europe to move forward with our Phase 3 trial.”

Calling the trial “very exciting,” Bienaime said the trial’s preliminary results among hemophiliacs were very promising and came close to altogether preventing the disease, which can cause excessive bleeding.

“So far, in the first 12, 14 patients we’ve treated, we’ve been able to show that with just one hour [of] intravenous infusion of the drug, patients are basically free of bleeding episodes,” the CEO said. “We have to be careful using the word ‘cure,’ but I would say as close to a cure as can get.”

In Cramer’s lightning round, he flew through his take on some callers’ favorite stocks:

Shopify: “OK, now, Shopify itself is a little pricey stock. I know that Andrew Left at Citron [Research] has said some very negative things about it. But it is still an important small- and medium-sized business website, so I think it’s fine. I’m not going to pound the table on it after Left’s comments, but I’m not going to tell you that I think it has to go.”

Aerojet Rocketdyne Holdings: “I like Aerojet Rocketdyne. I remember the origins of it. But, frankly, I prefer Raytheon to that one right now.”

Disclosure: Cramer’s charitable trust owns shares of Facebook, Alphabet and Apple.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagramVine

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Source: Tech CNBC
Cramer Remix: Johnson & Johnson is out of battleground territory

Comments are closed.