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

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On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended holding ConocoPhillips COP

Rhythm Pharmaceuticals, Inc. 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. MRVL and then wait until under $60 to buy the rest.

When asked about Enovix Corporation 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 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. 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 MCK.

When asked about The PNC Financial Services Group, Inc. 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. 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

Image: Shutterstock

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