Squawk on the Street

Cramer's Morning Take: Bristol Meyers 2/6/25

5 snips
Feb 6, 2025
Jim and Jeff dive into the latest profit guidance for Bristol Meyers, exploring its impact on investor sentiment. They analyze the pharmaceutical industry's recent trends, focusing on companies like Eli Lilly. The discussion includes financial results and innovative drug solutions, such as weight loss medications and treatments for schizophrenia. Their insights reveal key market strategies and the societal implications of these developments, providing listeners with a comprehensive view of current opportunities in the sector.
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ADVICE

Morning Market Gains

  • Jim Cramer expresses dubiousness about market gains occurring in the morning.
  • He prefers gains when the market is down, signaling opportunity.
INSIGHT

Eli Lilly Outlook

  • Eli Lilly's stock has performed well due to a strong 2025 outlook.
  • This positive outlook overshadows a weaker 2024 performance.
ANECDOTE

Ricks' Prediction

  • Jim Cramer recounts interviewing Eli Lilly CEO David Ricks.
  • Ricks' accurate prediction about 2025 was initially overlooked due to a focus on a weaker 2024.
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