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Jim Cramer Return Risk +2.00% MID Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed BMY 07/27/09 +3.66% 08/19/09 PFE 07/27/09 +10.36% -- MRK 07/27/09 +14.97% -- JNJ 07/27/09 +0.01% 07/31/09 ABT 07/27/09 +16.10% 11/09/09 CELG 07/27/09 -2.12% 11/09/09 ESRX 07/27/09 +2.11% 07/31/09 MHS 07/27/09 +6.26% 07/31/09 WLP 07/27/09 -3.40% 11/05/09 IMA 07/27/09 +21.55% -- Via BloggingStocks:   Filed under: Pfizer (PFE), Market matters, Johnson and Johnson (JNJ), Abbott Laboratories (ABT), Bristol-Myers Squibb (BMY), Merck and Co (MRK), Stocks to Buy, Cramer on BloggingStocks From TheStreet.com Network Coming Week: More Earnings, Upside Higher Medical Costs Crimp Aetna Profits TheStreet.com's Jim Cramer says health care has never been this cheap relative to the market in its history. Health care's not done rallying. As President Obama prepared himself for claiming a great political victory, we are all recognizing that the single-payer, socialized medicine covering cradle-to-grave, 100% paid for by the rich, the fear that left all things health care in the P/E dustbin, is dead. That's not going to happen. That leaves us with the biggest bargains the market has to offer. Health care has never been this lowly valued relative to the market in its history. Remember, 98% of the time it trades at a meaningful premium. I think that many believe some of these moves (like the Celgene (NASDAQ: CELG) (Cramer's Take) move) is because of gigantic new drug finds. In fact, I think they just got too cheap and the only thing really meaningful about the Celgene rally came because one of its Revlimid studies was stopped for good results, actually a predictable event given how well the drug works on many different kinds of cancers. Continue reading Cramer on BloggingStocks: The health care bargain Cramer on BloggingStocks: The health care bargain originally appeared on BloggingStocks on Mon, 27 Jul 2009 10:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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