Jim Cramer says to buy shares of Danaher on the dip

Jim Cramer says to buy shares of Danaher on the dip


Cramer says the market got it wrong on Danaher's third quarter results

CNBC’s Jim Cramer on Friday advised investors to add Danaher to their shopping lists for next week after it reported third-quarter results.

“You’re now getting a chance to buy one of the best-run companies in the world at a big discount. I think you’ve got to take advantage of this pullback [next] Monday morning, because Danaher’s too good to ignore,” he said.

The life sciences and medical technology company beat earnings estimates in the third quarter but narrowed its 2022 bioprocessing revenue growth forecast to account for a decline in contributions from the Covid market.

Despite the beat, the company’s stock fell 5% on Thursday in response to the quarter. Cramer said that this was a mistake, especially when considering that Danaher is an “arms dealer” of the pharma and biotech industry. 

“There are very few players in the space and the industry is about as recession-resistant as it gets,” he said.

And while investors might be worried about the decrease in business from the Covid market, the company is refocusing its spending on the much larger non-Covid space, Cramer said. Non-Covid bioprocessing sales grew well over 20%, and the company raised its expected full-year core sales growth forecast to the high-single-digit range.

“The quarter was very, very strong despite what you may have heard,” Cramer said.

Disclaimer: Cramer’s Charitable Trust owns shares of Danaher.

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.



Source

Ulta Beauty raises full-year forecast after reporting growth in all major categories
Business

Ulta Beauty raises full-year forecast after reporting growth in all major categories

Ulta Beauty on Thursday raised its full-year forecast, after reporting growth in all major categories and topping Wall Street’s quarterly sales expectations. The beauty retailer said it expects net sales of between $12 billion and $12.1 billion, up from its previous range of $11.5 billion and $11.7 billion, representing an increase from last fiscal year’s […]

Read More
Gap stock falls as retailer misses sales expectations, driven by decline at Athleta
Business

Gap stock falls as retailer misses sales expectations, driven by decline at Athleta

Gap’s fiscal second-quarter revenue came in lighter than expected on Thursday but sales at Banana Republic far exceeded expectations as the brand’s turnaround begins to show results.  The specialty apparel company behind Old Navy, Athleta, Banana Republic and its namesake banner saw comparable sales rise 1% during the quarter, weaker than the 1.9% rise that […]

Read More
Nike to lay off about 1% of corporate staff in its latest effort to refocus the business
Business

Nike to lay off about 1% of corporate staff in its latest effort to refocus the business

A Nike store in Hanoi, Vietnam, on July 3, 2025. Nhac Nguyen | Afp | Getty Images Nike is planning another round of layoffs as part of CEO Elliott Hill’s efforts to realign the business and get it back to growth, CNBC has learned.  The cuts will impact less than 1% of Nike’s corporate staff. […]

Read More