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Jim Cramer Is 'Willing To Let This Pharma Stock Catch Fire,' Advises Not To Sell McKesson

Benzinga ·  Apr 19 20:46

On CNBC's "Mad Money Lightning Round," Jim Cramer recommended holding ConocoPhillips (NYSE:COP)

Rhythm Pharmaceuticals, Inc. (NASDAQ:RYTM) is a "speculative play," Cramer said, "I am not against speculating biotechs right now. Looks like that there are so many bids, I'm willing to let a stock catch fire."

The "Mad Money" host recommended buying some Marvell Technology, Inc. (NASDAQ:MRVL) and then wait until under $60 to buy the rest.

When asked about Enovix Corporation (NASDAQ:ENVX), he said, "You got to be making some money in that business. If you're not making any money in that business, then I can't say to buy the stock."

Cramer said he likes Lam Research Corporation (NASDAQ:LRCX) very much. "I do think that right now we're having a pause in that group," he added. "Let's wait until that stock goes lower, and we'll feel better."

Aspen Aerogels, Inc. (NYSE:ASPN) is "up so big, and what a great opportunity to sell the stock of a money-losing company after you've made a lot of money," Cramer said. He recommended taking the profit.

Cramer recommended not selling McKesson Corporation (NYSE:MCK).

When asked about The PNC Financial Services Group, Inc. (NYSE:PNC), he said, "You buy some now, and you buy some down 10%, and you will have a terrific position that will last for a very long time."

Vale S.A. (NYSE:VALE) is too low to sell, Cramer said.

Price Action:

  • ConocoPhillips shares fell 0.4% to settle at $127.81 on Thursday.
  • Enovix shares dipped 9.4% to close at $6.01.
  • Vale shares fell 0.1% to settle at $11.84 on Thursday.
  • PNC shares gained 0.4% to close at $147.89 on Thursday.
  • McKesson shares slipped 1.4% to settle at $518.81 on Thursday.
  • Shares of Aspen Aerogels fell 1.7% to settle at $14.82 on Thursday.
  • Rhythm Pharmaceuticals shares fell 0.9% to close at $38.11 on Thursday.
  • Marvell Technology shares fell 1.9% to settle at $65.24 during Thursday's session.
  • Lam Research shares fell 2.6% to close at $888.92.

Read More: Netflix, Procter & Gamble And 3 Stocks To Watch Heading Into Friday

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