Jim Cramer Comments On Boston Scientific and Other Medical Equipment Makers

Boston Scientific Corporation (NYSE:BSX) was among the stocks Jim Cramer was focused on, as he discussed Mad Money’s latest game plan for the week. An Investing Club member sought Cramer’s advice about choosing the best medical equipment maker out of the three: Abbott Labs, Boston Scientific, and Medtronic. He replied:

Boston Scientific had a very weak quarter because its primary product did not do well. Abbott Labs bought this Exact Sciences; I don’t know exactly what it’s going to look like. Medtronic has fallen off a cliff, and they report next week. Let’s look at Medtronic after they report, and then that may be the one that we pull the trigger on.

Photo by Artem Podrez on Pexels

Boston Scientific Corporation (NYSE:BSX) manufactures medical devices for different fields, including cardiology, neurology, and urology. Some of the company’s products include heart-monitoring implants, spinal cord stimulators, and diagnostic tools for gastrointestinal conditions and cancer treatment. During the May 11 episode, a caller asked if they should sell or buy more of the company shares. Cramer replied:

I hate to sell these. I don’t mean to sound wishy-washy, but I think you gotta hold it. I don’t understand how this thing could have fallen so fast. I know there’s a lot of competition. I don’t want to dump it here, but I can’t, I can’t countenance buying more, I’m sorry.

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