Cramer's Stop Trading! - Mergers: Pharma's Miracle Cure (3/12/09)

Includes: BAC, C, GE, GS, RHHBY, SGP, WYE
by: Miriam Metzinger

Stocks discussed on Cramer's Stop Trading! TV Program, Thursday March 12.

Genentech (Private:DNA), Wyeth (WYE), Schering Plough (SGP), General Electric (NYSE:GE), Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), Citigroup (NYSE:C)

Cramer says the $193 billion worth of takeovers in pharma is a bullish sign for the sector; “This is the money from the sidelines that we don’t have,” he said. “It is really significant.” Cramer also noted General Electric's remaining steady even after a downgrade shows a shift in psychology. He suggested Goldman Sachs raise equity to pay off TARP funds. Cramer also noted Citigroup and Bank of America has been profitable.


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