Market Overview

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 (NYSE: 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 (NASDAQ: RCPT) asked Cramer what to do after the acquisition by Celgene Corporation (NASDAQ: 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: CNBC Mad Money Jim CramerMedia

 

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