Jim Cramer Advises His Viewers On Wells Fargo, Receptos And Celgene

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On CNBC's Mad Money, Jim Cramer said that he is surprised by the sell-off in Wells Fargo & Co WFC. He thinks that the stock is a buy because it has a fabulous balance sheet, great management and a 3 percent yield. He added that it is Warren Buffett's favorite bank.

A viewer who owns shares in Receptos Inc RCPT asked Cramer what to do after the acquisition by Celgene Corporation CELG should she take the cash or invest it in the new parent company. Cramer advised her to take the cash and evaluate the situation as the market goes lower.

Posted In: CNBCJim CramerMediaMad Money
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